USD: USA in recession
News that the USA is in a technical recession caused the dollar to weaken across the board.
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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.
Today's move
Friday, 29 July 2022
GBP / EUR
▼ 0.05%
1.1981
A transfer of €300,000 would cost
£115 more
today than yesterday.
GBP / USD
▲ 0.48%
1.3499
A transfer of $350,000 would cost
£1,255 less
today than yesterday.
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EUR: French and Spanish GDP rising
Yesterday, the euro weakened against the pound, while strengthening against the dollar following the US GDP data.
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GBP: Pound at 12-week high against EUR
The pound continues to strengthen against the euro following threats to eurozone gas supplies.
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US in recession but European economies show growth
Sterling’s rise against the US dollar has continued through the week and it now stands well over 2% stronger than last Friday. Against the euro the rise has been similar, but yesterday’s strong gains have been pared back…
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USD: Fed raises interest rates by 75 basis points
The dollar weakened yesterday following the Federal Reserve’s latest interest rate decision, which was largely priced in by markets. More hawkish comments by the Fed Chair afterwards weighed on the dollar. Later today, GDP figures will be released.
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EUR: Euro struggling ahead of German inflation
The euro has fallen further against the pound after Russia cut gas supplies to Germany. Against the dollar, the euro regained substantial strength yesterday. Today, German inflation data is due.
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GBP: Pound up around 1.5% against dollar
The pound has strengthened further against the euro, trading around a two-month high, and has climbed around 1.5% against the dollar following the announcement of the US Federal Reserve’s latest interest rate decision.
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Pound soars on Fed interest rate hike and gas worries
The pound has strengthened further against the euro and has climbed around 1.5% against the dollar due to a combination of the US Federal Reserve’s latest interest rate decision and gas worries in the eurozone. Yesterday saw the…
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