EUR: Slow vaccine rollout weighs on euro
The euro is weaker against the pound and the dollar this morning as Europe’s vaccine programme continues to cause concern over the pace of economic recovery.
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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, 8 February 2021
GBP / EUR
▼ 0.17%
1.1667
A transfer of €300,000 would cost
£449 more
today than yesterday.
GBP / USD
▼ 0.49%
1.3425
A transfer of $350,000 would cost
£1,276 more
today than yesterday.
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GBP: Sterling strong ahead of GDP this week
The pound is still at strong levels against the euro and the dollar this morning, as the UK’s efficient vaccine rollout and hopes for economic recovery underpin sterling.
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Pound strong on hopes of economic recovery
The pound is still at strong levels against the euro this morning following the Bank of England’s monetary policy meeting last week, in which all members voted unanimously to keep interest rates unchanged. This, coupled with the UK’s…
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The City got it wrong, so far…
Sterling starts this week nearly a cent higher against the euro compared to this time last week, but unchanged against the US dollar. There’s little on the data front to move the market this week so it continues…
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Vaccine rollout on track
The dollar has weakened slightly but remains strong this morning as positive economic data is released. The US is administering around 1.3 million vaccines a day and seems to be on track to meet President Biden’s goal of…
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Boost for pound as negative interest rates dismissed
The pound is strong this morning after trading at its highest levels since May yesterday. This comes as the Bank of England assured markets that negative interest rates would not be seen in the near future. The euro…
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Bank of England leaves interest rates unchanged
The pound rose to its highest levels against the euro since May yesterday and remains strong against both the euro and the dollar this morning. This follows the Bank of England’s unanimous decision to keep interest rates at…
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Euro struggling against rallying pound
The euro remains weak as the pound and dollar stay strong and Europe’s vaccine rollout trails behind the UK and US, creating worries of extended lockdowns. Retail sales in the eurozone outperformed market expectations, rising 2% from December.…
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