USD: Powell repeats monetary policy message
A series of data will be released for the US this week, including core PCE, which measures inflation, and personal income figures.
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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
Monday, 24 May 2021
GBP / EUR
▼ 0.13%
1.1982
A transfer of €300,000 would cost
£332 more
today than yesterday.
GBP / USD
▲ 0.17%
1.3408
A transfer of $350,000 would cost
£439 less
today than yesterday.
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EUR: Euro strong due to improving outlook
The improving situation in the Eurozone and positive economic data has kept the euro strong against the dollar.
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GBP: Vaccines effective against Indian variant
The pound is at strong levels against both the euro and the dollar this morning, as optimism about the UK’s economic reopening continues to support sterling.
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Markets await news of June 21 reopening
After strengthening due to better-than-expected retail sales data at the end of last week, the pound is still at strong levels against the euro and the dollar this morning. It continues to be supported by the success of…
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Indecisive start for sterling
Unusually for a Monday in recent months, sterling starts the week in uncertain mode. This week is extremely quiet for data, especially compared to last week, where just about every release, from new jobs, to rising prices, to…
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USD: Risk appetite dampens dollar
The dollar has strengthened slightly but continues to be weighed down by an increased risk appetite from markets. Once again, the number of Americans filing for unemployment benefits is at a pandemic low.
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EUR: Positive PMI data for eurozone
The euro is relatively unchanged against the dollar this morning, having gained back some strength after the Federal Reserve hinted at scaling back its asset purchases. Markit PMI for the eurozone increased in May.
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GBP: Retail sales twice what markets predicted
The pound has strengthened further against the euro this morning, supported by positive data. After weakening against the dollar midweek, sterling has since regained almost all of its strength. Retail sales surged 9.2% in April, double what markets…
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