Dollar supported by fear factor
The dollar may have gained some ground against both the euro and pound yesterday, but remains at one of its lowest rates for the past year and a half.
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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.
Latest update
Friday, 19 June 2020
GBP / EUR
▲ 0.23%
1.1683
A transfer of €300,000 would cost
£580 less
between updates.
GBP / USD
▲ 0.57%
1.3443
A transfer of $350,000 would cost
£1,481 less
between updates.
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Euro weakens vs USD despite optimism
The single currency fell against the US dollar yesterday as renewed global coronavirus woes sent investors looking for the safety of the dollar.
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Bank holds rates as outlook appears less gloomy
The Bank of England Monetary Policy Committee voted to keep interest rates on hold at 0.10% yesterday, as expected, and raise quantitative easing (QE) by £100bn, as expected.
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Bank hold rates steady as US fears rise
President Macron came to London yesterday, to meet Prime Minister Johnson, mark 80 years since General de Gaulle’s call to arms and thank London for its friendship over the decades.
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Bank to offer QE but where next on rates?
The Bank of England Monetary Policy Committee pronounces on interest rates and quantitative easing (QE) today, and while no shocks are expected on rates, there could be movement if the QE is greater or less than the expected…
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US awaits jobless claims and Fed hints
The US dollar had a choppy day against GBP, and after a positive start weakened gradually during the day against the euro. News of a spike in coronavirus cases in the US and a potential second wave in…
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Euro car sales stall but have high hopes
The euro lost half a cent against the USD during the day, while ending the day where it started against sterling. Car sales collapsed by 50% in May compared to last year, but the fact that over 580,000…
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How much QE from the Bank of England?
It’s always a big day when the Bank of England’s Monetary Policy Committee reports, especially when a central bank is staring down the barrel of a deep recession. Interest rates are expected to stay on 0.10% but an…
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