EUR: Eurozone inflation soars
The euro is still strong against the dollar this morning as expectations for ‘hawkish’ action from the European Central Bank grows.
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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
Wednesday, 1 June 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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GBP: PMI data expected later
The last UK data release of the week will be manufacturing PMI figures for May, which will indicate how the sector performed last month.
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UK house price growth slows due to cost-of-living crisis
The pound is trading around the same levels against the euro and the dollar this morning, despite housing data that was released earlier today. The data shows that annual house price growth slowed slightly in May. This has…
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A salute to stability
Sterling has been uncharacteristically stable for the past week, barely moving against the euro and gently strengthening against the US dollar. Party that is down to the dearth of data this week, as the UK prepares for a…
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USD: Dollar’s losses continue
The US dollar has been the biggest loser in the currency arena for the past month and that continues right through to the end of the May.
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EUR: Euro’s gains further as inflation leaps ahead
The euro’s advance on the US dollar has now extended into a third week, as it reaches its strongest for well over a month. There was also modest strengthening against the pound.
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GBP: Data and sterling show no clear direction
Sterling slipped against the euro yesterday while strengthening marginally against the US dollar in a choppy sort of day.
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Euro strengthens as calls for ECB rate rethink grow
The dollar’s losses and the euro’s gains continued into another week. Between the two, the pound strengthened against the former and lost against the latter yesterday. On the economic front, the European Union has agreed to ban 90%…
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