GBP: Markets to focus on BoE meeting
The pound weakened against the euro throughout the course of last week and is trading around the same levels this morning.
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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
Monday, 14 March 2022
GBP / EUR
▲ 0.18%
1.1676
A transfer of €300,000 would cost
£472 less
today than yesterday.
GBP / USD
▼ 0.14%
1.3450
A transfer of $350,000 would cost
£375 more
today than yesterday.
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Bank of England and Federal Reserve meetings this week
The markets are likely to continue to focus on the conflict in Ukraine this week, however, central bank meetings could also impact currencies. The Federal Reserve will conclude its monetary policy meeting with a press conference on Wednesday…
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Sterling slips lower as interest rate decision looms
Sterling starts the week 2% down against the euro compared to this time last week and close to that far down against the US dollar. Indeed, against the dollar it is 5% weaker than its highest point this…
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USD: US inflation reaches fresh 40-year high
The dollar has regained some strength against the pound and the euro following red-hot inflation figures. US inflation rose to an annual rate of 7.9% in February, reaching another 40-year high. All eyes will now be on the…
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EUR: Euro volatile after “hawkish” ECB update
After rising against the pound and dollar in the early trading hours yesterday, the euro has since fallen as markets assess the European Central Bank’s latest monetary policy meeting.
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GBP: UK economy rebounds in January
After falling against the euro earlier this week, the pound has steadied following an update from the European Central Bank. GDP data released this morning revealed that the UK economy rebounded strongly in January.
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UK economy rebounds and US inflation hits 40-year high
The pound has steadied its fall against the euro, strengthening slightly after “hawkish” comments from the European Central Bank. Against the dollar, sterling remains weaker. The ECB surprised markets yesterday, saying that it may end its quantitative easing…
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USD: US inflation data today
Focus will be on the US’ inflation data, released later today. The figures are expected to rise to 7.8% year-on-year and 0.8% month-on-month.
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