Currency Calculator by Send Money Home.

GBP Flag
1 GBP = 1.11933 EUR
EUR Flag
1 EUR = 0.8934 GBP

View Providers Switch Currencies

Continuing rise of UK house prices boosts the Pound

SMH advert

Sending money abroad currency update

Pound Sterling

The Pound slipped against the US Dollar on Monday following a subdued day of trading due to the US and UK markets both being shut for public holidays. Investors remain cautious over the uncertainty generated by the possible Federal Reserve scale back of its asset purchasing programme. The Pound found some support after data showed that UK house prices rose at their fastest pace in six years due to a shortage of properties in London and credit-easing measures by the Bank of England.

US Dollar

The ‘Greenback’ strengthened against most of its major peers ahead of the release of data that is expected to show an increase in consumer confidence and a rise in US house prices. Economists are predicting that consumer sentiment increased to its highest level since November 2012.

The Euro

The Euro has declined against the majority of its peers due to the Euro crisis sending investors seeking shelter in safe havens. The single currency fell after data showed that consumer confidence in France made an unexpected decline, falling to its lowest level since 2008, matching a record low. The decline is being blamed on the imposition of heavy taxes by the French government which has hurt spending power and caused the French economy to slide into recession.

Australian Dollar

The ‘Aussie’ is close to its lowest level since 2011 against the US Dollar after data is expected to show that consumer confidence and manufacturing improved in the USA. The ‘Aussie’ was also being weighed down by a decline in commodity prices and weak manufacturing data out of China.

New Zealand Dollar

The ‘Kiwi’ hit a new four-year high against the Australian Dollar and is expected to rise further. Soft data out of Australia has aided the ‘Kiwi’. Against the US Dollar the currency is little changed following a slide of 5.4%.

Canadian Dollar

The ‘Loonie’ weakened against the majority of its most traded peers due to a decline in the price of crude oil and as the markets wait for the last policy meeting to be held by outgoing Bank of Canada governor Mark Carney. Futures on crude oil, Canada’s largest export, slid as much as 1%, extending a 2% drop seen last week as the Canadian Dollar fell to its lowest level in almost a year.

South African Rand

The Rand has weakened against the US Dollar and is likely to stay under pressure as economists expect South Africa to post weak economic growth data. GDP data is due for release later today and is expected to show a slow down compared to last year’s figures. If labour tensions escalate we can expect the Rand to fall to a four-year low.