Currency Calculator by Send Money Home.

GBP Flag
1 GBP = 1.14892 EUR
EUR Flag
1 EUR = 0.8704 GBP

View Providers Switch Currencies

France losing faith in the Euro

Currency exchange process

Money Transfer update

Pound Sterling

The Pound fell to an 11-week low against the US Dollar as economists wait for the release of a Confederation of British industry report that is expected to show that retail sales grew in May. Against the Euro, Sterling is little changed after making gains in yesterday’s session.

US Dollar

The ‘Greenback’ has strengthened for a second day against its peers as speculation mounts that the Federal Reserve will curb its monetary stimulus programme. Tomorrow sees the release of the latest GDP data for the country. A significant improvement to the figure will raise speculation further.

The Euro

The Euro fell to a one week low against the US Dollar yesterday due to a combination of European and US data releases. The Euro was weakened by the release of awful consumer confidence data out of France which showed that confidence fell to its lowest level since the 1980’s. Meanwhile in the USA, data showed that confidence has leapt to a five-year high. The positive data caused investors to rally toward the currency.

The Euro could find some support this morning if the latest jobs and CPI data out of Germany shows improvement. A worse-than-expected outcome for either is certain to send the Euro weaker against the Dollar.

Australian Dollar

The ‘Aussie’ plummeted to its lowest level in 9 months against the US Dollar and a number of peers due to the release of strong US economic data yesterday. The Australian dollar has now fallen almost 6.8 per cent against the ‘Greenback’ since May 6th.

New Zealand Dollar

The ‘Kiwi’ has strengthened above 84 Australian Cents and is expected to strengthen further after major food producer Fonterra Cooperative Group upgraded its forecast payout to farmers and as construction work in Australia slows.

Canadian Dollar

The ‘Loonie’ fell to a one-year low against its US relation due to the strong data releases in the States. The positive data has boosted speculation that the US Federal Reserve could begin to taper its monetary stimulus, an action that would weaken the ‘Loonie’. A decline in crude oil prices also weighed upon the currency.

South African Rand

The Rand tumbled further against the US Dollar following the release of worse-than-expected GDP data. The 2013 first quarter GDP growth figure came in well-below expectations at 0.9% compared to 2.1% in the fourth quarter of 2012.

© 2018 : All Rights Reserved
Send Money Home Registered Office 334 Southend Road, Wickford Essex SS11 8QS. Trading Office 83 Ducie Street, Manchester M1 2JQ. +44 (0) 844 357 4755