EUR: Positive economic sentiment figures for Germany and Eurozone
The euro was given a boost yesterday after economic sentiment figures were more positive than expected.
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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
Wednesday, 9 December 2020
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: PM to meet with EU chief today
Boris Johnson will meet with President of the European Commission, Ursula von der Leyen today. It is hoped that this meeting will help to push a Brexit trade deal over the line.
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Withdrawal Agreement breakthrough helps pound
It was announced yesterday that the UK and EU have come to an ‘agreement in principle’ surrounding the implementation of the Withdrawal Agreement. The controversial parts of the Internal Market Bill will be scrapped, and the two sides…
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USD: Congress to vote on stimulus this week
Congress is expected to vote on the legislation for a new stimulus package this week. This is expected to pass, which will give the lawmakers more time to negotiate a deal.
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EUR: Economic sentiment figures due today
Economic Sentiment for Germany is expected to show an increase, possibly due to positive vaccine developments which should curb the spread of the coronavirus pandemic.
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GBP: Pound stronger on news of Boris travelling to Brussels
This morning the pound has recovered on news that Prime Minister Boris Johnson will travel to Brussels this week for a face-to-face meeting with President of the European Commission, Ursula von der Leyen.
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PM will travel to Brussels to secure Brexit deal
After weakening against the euro and the dollar yesterday, the pound has recovered this morning on news that the Prime Minister will travel to Brussels this week in an attempt to secure a Brexit deal. He will meet…
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USD: Poor jobs report as coronavirus spreads in US
Non-Farm Payroll data was released on Friday afternoon, showing that the US economy added 245K jobs in November, well below expectations of 469K.
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