GBP: BoE meeting this week could impact sterling
The pound is at strong levels against the euro and the dollar this morning ahead of the Bank of England’s latest decision on interest rates this week.
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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, 1 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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Pound strong ahead of Bank of England meeting
Sterling is strong against the dollar and the euro this morning ahead of a busy week. The Bank of England will hold its latest monetary policy decision on Thursday. Any comments or plans concerning negative interest rates could…
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USD: Dollar strengthens due to safe-haven appeal
The dollar has strengthened against a basket of currencies this morning due to its safe-haven appeal. This has come about due to volatility in the equity markets.
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EUR: GDP figures for Germany released today
GDP figures for Germany will be released today, which are expected to remain unchanged quarter-on-quarter.
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GBP: Vaccine rollout continues to support Pound
The pound has reacted to stock market jitters this week, but the speed of the UK’s vaccination programme continues to provide support.
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Stock markets and vaccine rollout continue to impact sterling
The pound has reacted to stock market jitters this week, but the speed of the UK’s vaccination programme continues to provide support. Sterling is still at strong levels against the euro and the dollar but has weakened slightly…
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USD: Powell says outlook is still “highly uncertain”
The Federal Reserve held their latest decision on interest rates yesterday and left the rate unchanged as expected.
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EUR: Sentiment figures expected for the Eurozone
It’s a busy day for data releases in the Eurozone, with economic sentiment and consumer confidence figures due to be released this morning.
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