EUR: Lagarde ready to take action
In a speech yesterday, President of the ECB, Christine Lagarde, said that the Bank are ready to take action to aid the economy.
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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, 7 October 2020
GBP / EUR
▲ 0.12%
1.1671
A transfer of €300,000 would cost
£307 less
today than yesterday.
GBP / USD
▲ 0.53%
1.3438
A transfer of $350,000 would cost
£1,380 less
today than yesterday.
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GBP: Could negotiations run into November?
The pound is volatile against the euro this morning as it continues to react towards Brexit news. This comes due to news that the EU is hardening its stance towards fisheries.
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Pound volatile on Brexit news
The pound continues to react to Brexit updates as negotiations intensify this week. News that the EU has hardened its stance towards fisheries has prompted speculation that talks could run into November. President of the ECB, Christine Lagarde,…
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USD: Powell to speak today
The dollar is weaker against the pound and the euro this morning, as news that President Trump has left hospital led investors away from safe-haven currencies.
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EUR: Better than expected data for the Euro Area
The euro strengthened yesterday after a series of positive PMI data. Composite PMI was expected to fall into contraction territory in September but stayed in growth territory.
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GBP: Pound still focuses on Brexit
The pound is slightly weaker against the euro and stronger against the dollar, as Brexit remains the focus. A spokesperson for the Prime Minister said that the EU needs to show “more realism” if it wants to find…
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Dollar weaker as Trump returns to White House
The dollar is weaker against the pound and the euro this morning on news that President Trump has returned to the White House from hospital after testing positive for COVID-19 last week. As a safe haven currency, the…
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USD: Dollar weaker on positive Trump news
The dollar has been reacting to news of President Trump’s condition, after he was taken into hospital last week for testing positive for COVID-19. As it is a safe-haven currency, it has weakened against the euro due to…
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