GBP: Business activity powers ahead
The pound strengthened by around 0.2% over the course of the past 24 hours, powered by the announcement on the ending of pandemic restrictions in two weeks.
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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, 6 July 2021
GBP / EUR
▼ 0.03%
1.1665
A transfer of €300,000 would cost
£89 more
today than yesterday.
GBP / USD
▲ 0.22%
1.3456
A transfer of $350,000 would cost
£585 less
today than yesterday.
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Sterling takes strength from end to restrictions
Sterling strengthened overnight to its highest level for two weeks against the euro, but failed to break out beyond €1.17, continuing the pattern of the past three months. There was also a recovery against the US dollar to…
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USD: FOMC meeting minutes this week
The Federal Reserve will release the minutes from its June meeting on Wednesday and investors will be looking out for any details on interest rates and monetary policy.
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EUR: Euro still weak against dollar
Later this week, we have retail sales figures for the Eurozone, economic sentiment figures for Germany and a speech from ECB President Christine Lagarde at the end of the week.
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GBP: Pound awaits data and lockdown news
It’s a busy week for economic data releases in the UK, with PMI data due later today, house price figures on Wednesday and GDP on Friday. All of this will paint a picture of how the UK is…
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Lockdown news and GDP data this week
The pound is slightly stronger against the euro and the dollar this morning after weakening at the end of last week. The markets will be looking to GDP data for the UK, which is due to be released…
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Four factors that will decide sterling strength this summer
Sterling has started the week on a positive note, ahead of a prime ministerial announcement today that’s expected to say that most Covid-19 restrictions are ending on 19 July, two weeks today. That will include an end to…
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EUR: Lagarde speech dismissed by markets
The euro is stronger against the pound but has lost some of its strength against the dollar this morning. President of the European Central Bank, Christine Lagarde, spoke yesterday about inflation in the eurozone but failed to impress…
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