GBP: Pound moves lower as spending moves higher
The pound started the day on a slow roll downwards after the sharp ups and downs of yesterday.
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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 June 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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Pound weakens ahead of “Freedom Day” decision
It was a nervy start to the week for sterling against the euro, weakening initially, then strengthening by half a cent and ultimately ending up where it began.
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GBP: Best performing G10 currency over past month
The pound finished last week in a strong position against the euro and the dollar, reaching a 2-month high against the single currency. However, this morning, sterling is weaker as markets digest the news that the lifting of…
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EUR: ECB meeting this week
The euro has started the week in a weaker position against the dollar as hints of tapering have supported the greenback. A series of data was released for Europe on Friday, including retail sales for the Eurozone, which…
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Markets continue to monitor June 21 decision
The pound finished last week on a strong note, reaching a 2-month high against the euro and rising against the dollar, but has lost some of that strength this morning. This comes as markets react to the government’s…
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USD: Dollar recovers after tapering hints
The dollar weakened against both the pound and the euro at the end of last week after a disappointing Non-Farm Payrolls report, but has since regained some strength after hints of tapering. The data for May revealed that…
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Business confidence at its highest for a generation
The pound starts the week exactly where it began last week against the euro, but worth around half a cent less against the US dollar. In a change to the pattern we saw in the early spring, sterling…
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USD: Markets await non-farm payrolls
The dollar is strong after three positive data releases have driven demand for the currency. Later today, we will see non-farm payrolls which could play an important role in the Federal Reserve’s decision around ‘tapering’.
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