GBP: Pound stabilises
The pound’s falls appear to have stabilised and a modest recovery is underway, rising by around 0.1-0.2% yesterday against the euro, Swiss franc and Australian and Canadian dollar.
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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, 8 February 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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Sterling starts recovery against euro
Sterling has clawed back some of last week’s spectacular losses against the euro, but remains around 1.2% down on this time last Tuesday. Against USD the pound remains broadly stable and 0.5% stronger than last week. In the…
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USD: US inflation data this week
All eyes will be on US inflation data this week, which is due to be released on Thursday. The figures are expected to have risen in January to 7.3% year-on-year and core inflation to 5.9%.
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EUR: ECB President to speak later
President of the European Central Bank, Christine Lagarde, will speak today before the European Parliament Economic and Monetary Affairs Committee.
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GBP: BoE official to speak today
Later today, the Bank of England’s chief economist will speak, and this will be followed by a speech from Andrew Bailey on Thursday. The markets will be listening out for any comments surrounding monetary policy following last week’s…
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Pound still weaker following central bank meetings
Following the European Central Bank and Bank of England monetary policy meetings last week, the pound is still weaker against the euro this morning. Last week saw sterling hit a multi-year high against the euro before falling to…
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Will sterling’s slide continue?
The end of last week was spectacular on the currency markets as sterling reached its highest point against the euro for nearly six years, before collapsing to its lowest for six weeks. Volatility has been in the air…
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USD: Non-Farm Payrolls today
The dollar is weak against a basket of currencies this morning ahead of the release of non-farm payrolls later today.
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