USD: Dollar strong on economic optimism
Non-farm payrolls will be released tomorrow, which will be a significant indicator of how the US economy performed in January.
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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
Thursday, 4 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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EUR: Euro hits two-month low against dollar
The euro hit a two-month low against the dollar yesterday as Europe’s slow vaccine progress continues to weigh.
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GBP: Pound awaits BoE decision
The pound has weakened slightly this morning but is still at strong levels ahead of the Bank of England’s monetary policy meeting, which is due to take place at midday today.
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All eyes on Bank of England meeting today
The Bank of England will hold its monetary policy meeting later today and the markets will be looking out for any mention of negative interest rates. Sterling has been well supported since Governor Andrew Bailey pushed back on…
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USD: Democrats set to push through stimulus bill
Democrats are taking steps to push through their $1.9 trillion stimulus bill without Republican backing.
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EUR: Slow vaccine rollout weighs on euro
Europe’s slow start to the vaccine rollout is weighing on the euro, which is weaker against the pound and dollar this morning.
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GBP: BoE meeting tomorrow
The Bank of England will hold their latest monetary policy meeting tomorrow. Governor Andrew Bailey has pushed back on speculation of negative interest rates.
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Pound remains strong on hopes of economic recovery
The pound is still strong this morning after reaching a fresh 8 month high against the euro yesterday. The UK’s efficient vaccine programme and hopes of swift economic recovery continue to support sterling. It’s a different story in…
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