GBP: Pound loses early October’s shine
The pound has suffered a reversal in fortunes over the past 24 hours as the markets begin to rethink their optimism over an interest rate rise on Thursday.
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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, 2 November 2021
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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Pound falls as markets rethink rates rumours
The pound has taken fright since Halloween, slipping by well over 0.5% since early on 1st November. It’s a signal that the currency markets are rowing back on optimism about a hawkish Bank of England approach to monetary…
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USD: Will the Fed announce tapering on Wednesday?
The dollar strengthened at the end of last week and is trading around the same levels this morning. Markets will now be listening for any comments around tapering in the Fed's meeting on Wednesday.
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EUR: Eurozone inflation hits 13-year high
The euro dipped against the dollar at the end of last week after eurozone inflation came in at a 13-year high. It has strengthened slightly this morning.
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GBP: Bank of England meeting the focus this week
The pound has weakened against the euro and the dollar this morning as markets await the Bank of England’s monetary policy meeting on Thursday. Markets will be listening for any comments on imminent interest rate hikes.
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Markets focus on BoE and Fed meetings this week
The pound has weakened against the euro and the dollar this morning. All eyes will be on the Bank of England’s upcoming monetary policy meeting. Any comments around imminent interest rate hikes could impact sterling. Tensions between the…
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Pound wobbles at start of complicated week
Sterling sunk significantly against both the euro and US dollar in early trading this morning. While it has recovered somewhat against EUR, there’s little sign of that so far against USD, where the strength is with the dollar…
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USD: Q3 GDP data disappoints
The dollar has weakened against the pound and the euro following disappointing GDP data. Markets now await US PCE inflation.
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