USD: FOMC meeting minutes due today
The dollar is strong against a basket of currencies this morning, including the pound and the euro, ahead of the release of the Federal Reserve’s latest meeting minutes.
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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, 5 January 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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EUR: PMI figures expected this morning
There will be a series of economic data releases for the Europe this morning, including PMI figures for Germany and the Eurozone.
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GBP: Interest hike expectations support pound
The pound is strong against the euro and the dollar this morning, reaching the cusp of 1.20 against the single currency earlier.
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Pound strong as PM plans to “ride out” Omicron
Sterling is strong against the dollar and reached a near 5-year high against the euro this morning. This is mainly due to confirmation that no further Covid restrictions will currently be introduced to combat the surging Omicron variant.…
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Rate Alert: sterling close to 5-year high
Sterling has come tantalisingly close to its highest rate for over five years against the euro early this morning, 9% stronger than this time last year. It has also reached an eight-week high against the US dollar. To…
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USD: Dollar poised in big week for data
The dollar was the big winner in 2021, strengthening by 0.5% and 1% against its top 10 rivals. However, you might not guess that from the start of this year, where the dollar has slipped a little or…
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EUR: Euro on back foot but data offers hope
The single currency has swung wildly against the US dollar over the break, but starts 2022 at the same rate as early December, around $1.13. Over the same time period it has dropped by around 1.3% against sterling.
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GBP: Pound rises to challenge of 2022 but questions persist
Sterling has strengthened again this morning, equalling its highest point of the past year. The driver has undoubtedly been the news that while Omicron infection rates are massive, hospitalisations are manageable so long as the population has a…
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