EUR: Recession worries weigh on euro
The euro is weak against both the pound and the dollar as recession fears continue to weigh on the single currency.
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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
Thursday, 7 July 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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GBP: UK house prices increase in June
Data released this morning showed that, despite the cost-of-living crisis, house prices increased by 1.8% in June.
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Pound stronger against euro, weaker against dollar
The pound has retained its strength against the euro but is still weaker against the dollar this morning. Recession fears continue to weigh on the euro as gas prices surge, Europe’s energy crisis continues, and stagflation worries increase.…
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USD: Dollar strong as recession fears weigh
The dollar is strong against most currencies this morning, benefitting from its safe-haven status as fears of a global recession set in.
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EUR: Euro suffering due to economic worries
The euro weakened to a two-decade low against the dollar yesterday and is still trading around the same levels this morning.
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GBP: Pound falls to 2-year low against dollar
The pound is stronger against the euro and weakened to a two-year low against the dollar this morning.
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Dollar dominates as recession fears set in
The dollar is strong across the board this morning, reaching a two-year high against the pound and trading around a two decade high against the euro. It is benefitting from its status as a safe-haven currency as fears…
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Multiple pressures weigh on pound
The pound had a torrid day against the US dollar yesterday, falling to its lowest since the first week of lockdown in 2020. The bigger picture is that GBP/USD is close to the lowest it’s been for a…
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