GBP: A weak morning for sterling as tensions in the Gulf rise
The pound is weak against the euro and the dollar this morning. Brexit worries and geopolitical tensions are still weighing on sterling.
Read more
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, 22 July 2019
GBP / EUR
▼ 0.09%
1.1659
A transfer of €300,000 would cost
£243 more
today than yesterday.
GBP / USD
▲ 0.47%
1.3349
A transfer of $350,000 would cost
£1,225 less
today than yesterday.
Worried about your transfer?
Lock today's rate with a forward contract.
★ 4.8 on Trustpilot
FCA authorised
Trusted since 2004
Sterling low ahead of important week
We have a big week ahead, as voting closes today to make way for a new Prime Minister. The winning candidate will be announced tomorrow and will take office on Wednesday.
Read more
USD: Dollar reacts to Fed Williams speech
The dollar has weakened this morning following a dovish speech from the New York Federal Reserve President John Williams. He said that central bankers need to ‘act quickly’ as economic growth slows. The markets took this as a…
Read more
EUR: ECB discusses changing inflation goal
Euro weakened last night as reports emerged that the ECB is studying a change to its traditional inflation goal of ‘below, but close to, 2%’. Draghi is said to prefer a ‘mirror’ approach, with the same leeway above…
Read more
GBP: Pound strengthens on no-deal vote
The pound is still weak this morning as it continues to suffer from uncertainty in Parliament and fears of a no-deal Brexit. It did get a boost yesterday, however, on the back of stronger retail sales figures and…
Read more
Pound up after strong retail sales and Parliament vote
The pound strengthened yesterday after positive retail sales data – a good sign for the UK economy – and as the House of Commons passed a proposal that would make it much more difficult for the new Prime…
Read more
USD: Dollar weakens due to lower treasury yields
The dollar has weakened this morning against a basket of currencies due to lower US Treasury yields. The yields dropped after weak housing market data. Homebuilding fell for a second month in June and permits dropped to a…
Read more
EUR: EU criticises UK’s no-deal preparations
Euro is down against the pound this morning, but the overall trend is still of strength, after hitting a six-month high on Tuesday. Construction figures came in at 2.0%, slightly lower than the expected 2.4%. Germany’s construction output…
Read more
20+
Years helping property buyers
★ 4.8
Thousands of five-star customer ratings on Trustpilot.
FCA
Authorised, FRN 504509
£12bn+
Transferred for our customers