GBP: PMI sends GBP/EUR stronger
Sterling enjoyed a relatively stable day, barely moving against most of its major rivals.
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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
Tuesday, 5 July 2022
GBP / EUR
▲ 0.08%
1.1992
A transfer of €300,000 would cost
£211 less
today than yesterday.
GBP / USD
▲ 0.50%
1.3477
A transfer of $350,000 would cost
£1,311 less
today than yesterday.
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Busy morning for GBP as PMI shakes up market
Sterling remained stable against the euro yesterday in a quiet day for global trading, as US markets closed for Independence Day. After a brief blip at midday, GBP/USD also returned to where it started the day. So far…
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How low could sterling go?
While sterling has remained reasonably strong against the euro over the past year, against the US dollar it has fallen to around its lowest for most of our lifetimes. The reasons for that are many and varied, and…
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USD: Dollar strong as growth fears persist
The dollar remains strong against most currencies this morning as it continues to benefit from its status as a safe haven currency.
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EUR: Euro weaker ahead of PMI figures
The euro is weaker against the dollar this morning, after falling towards the end of last week.
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GBP: BoE officials to speak this week
The pound rebounded and recovered against the euro on Friday and is trading around the same levels this morning. It is weaker against the dollar after falling throughout the course of last week.
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A busy week for data releases and central bank speeches
The pound is still weaker against the dollar and trading around the same levels against the euro this morning, after a small rebound at the end of last week. It’s a busy week ahead for economic data releases,…
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USD: Dollar strong ahead of PMI figures
After losing a little strength against the euro yesterday, the dollar is once again on the front foot against the euro and the pound as markets await key PMI figures – an important measure of how the economy…
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