GBP: British economy shrank in April
GDP data shows that the British economy shrank 0.3% month-on-month in April, following a 0.1% contraction in March and missing market expectations of a 0.1% expansion.
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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
Monday, 13 June 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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Bank of England and Federal Reserve meetings this week
The pound is weaker against the dollar this morning following high US inflation figures last week and poor economic data released for the UK this morning. UK GDP data shows that the economy shrank by 0.3% month-on-month in…
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Sterling weakening, interest rate decision looms
If you are completing on a property abroad today and hadn’t previously locked in your rate with a forward contract, I imagine it might have been a stressful weekend. For a €200,000 property in the eurozone you would…
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USD: Markets eye US inflation figures
The dollar is stronger against the pound and euro this morning. This strength has largely come from euro weakness. All eyes are now on today’s inflation and Michigan consumer sentiment figures.
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EUR: Euro falls following ECB interest rate decision
The euro fell against the pound and the dollar yesterday following the European Central Bank’s latest interest rate decision. This morning it has recovered a little strength.
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GBP: Pound volatile against euro
After strengthening against the euro over the course of yesterday, the pound has weakened slightly this morning and remains weaker against the dollar. The cause of this volatility was the European Central Bank’s latest interest rate decision.
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Pound volatile as ECB confirms July interest rate hike
After rallying against the euro yesterday, the pound has lost some of its strength this morning but remains up on this time last week. Against the dollar, sterling remains weaker. The main driver of currency movements was the…
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USD: Dollar looks to inflation figures
The dollar is slightly weaker against a basket of currencies this morning ahead of the release of US inflation data tomorrow.
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