EUR: Euro strong on boost for SURE programme
The euro is strong this morning against both the pound and the dollar. A strong auction for EU bonds is thought to have helped the single currency.
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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, 21 October 2020
GBP / EUR
▲ 0.29%
1.1981
A transfer of €300,000 would cost
£721 less
today than yesterday.
GBP / USD
▲ 0.53%
1.3399
A transfer of $350,000 would cost
£1,398 less
today than yesterday.
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GBP: Hopes that Brexit talks will resume keep sterling buoyant
The pound is slightly weaker against the euro this morning, but still well supported overall as Brexit news continues to have an impact.
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Hopes for a deal remain despite Brexit stalemate
Despite a stalemate in Brexit negotiations after the EU summit last week, the markets are still holding out for talks to resume, possibly in the coming days. Michel Barnier has declared that the EU side is ready to…
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Pound dips, but just a little, as EU talks stall
The pound fell by around 0.5% against the euro yesterday as EU-UK trade talks remained in stalemate. With the news focusing on the Manchester Covid funding row and potential for a further lockdown if England opts to follow…
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USD: Dollar on stimulus watch
The dollar has strengthened slightly this morning on uncertainty surrounding a stimulus bill from Congress. On Sunday, House Speaker Nancy Pelosi gave Congress 48 hours for a bill to be agreed upon before the US election.
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EUR: Economic recovery is losing momentum
The euro’s strength against the dollar continues to wane as COVID-19 cases continue to rise across Europe. ECB Vice President Luis de Guindos said recent economic data showed that recovery is losing momentum.
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GBP: EU willing to intensify negotiations
The pound is still well supported against the euro and the dollar this morning. EU Chief Negotiator, Michel Barnier, said yesterday that the EU are ready to discuss and finalise the legal texts for a Brexit deal and…
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Prime Minister calls for “change of approach” from EU
The pound is fairly well supported this morning, despite the Prime Minister calling on a “change of approach” from the EU. The EU have said that they wish to intensify negotiations and discuss the legal texts surrounding the…
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