USD: Dollar recovers in early trading
After taking a bit of a dive yesterday, the US dollar has recovered against both the euro and the pound this morning.
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Daily Currency Note
Stay informed. Stay in control.
Currency rates fluctuate by the second and can change by up to 10% in the space of a year. On a typical overseas money transfer, that's the difference between completing on budget and needing pay thousands more. Our daily notes keep you informed on every move in GBP, EUR and USD, so you can make confident decisions about when to lock in your rate.
Latest update
Tuesday, 2 August 2022
GBP / EUR
▲ 0.18%
1.1676
A transfer of €300,000 would cost
£472 less
between updates.
GBP / USD
▼ 0.14%
1.3450
A transfer of $350,000 would cost
£375 more
between updates.
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EUR: Euro wavering in the face of poor PMI
The euro has been unable to establish any clear direction against the pound over the past week, having declined fairly sharply the week before. So far this morning the euro has weakened against the US dollar by 0.3%,…
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GBP: Pound strengthens ahead of BoE decision
The pound strengthened against the euro early yesterday, coming close to breaching last week’s 12-week high before slipping back by around half a cent by this morning. The trend was similar against the US dollar.
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Sterling starts new month holding onto gains
Sterling has bounded into August close to its highest rate against the euro since April and against the US dollar since late June. The Bank of England (BoE) Monetary Policy Committee (MPC) will be meeting on Thursday to…
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USD: Markets await PMI figures
The dollar rebounded on Friday after US Personal Consumption Expenditure (PCE) inflation came in higher than expected. This week, we will see ISM manufacturing PMI figures and non-farm payrolls.
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EUR: German retail sales slump
After a dismal week last week, the euro has strengthened slightly this morning ahead of PMI data. Gas threats from Russia remain in the eurozone, weighing heavily on the euro.
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GBP: Bank of England interest rate decision on Thursday
The pound strengthened against both the euro and the dollar last week following news that the US is entering a ‘technical recession’ and growing tension between Russia and the eurozone. This morning sterling remains up.
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Bank of England interest rate decision this week
The pound saw plenty of support last week as global economies battled with a number of issues, from gas restrictions to ‘technical recessions’. This morning, sterling remains stronger against the euro and the dollar. The UK’s data calendar…
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