Currency Calculator by Send Money Home.

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

View Providers Switch Currencies

GBP investors await the chancellor's budget

Send money home advert

Send money home currency report

Pound Sterling

The Pound rallied from its lowest level of the year against the Euro as investors await the release of today’s UK unemployment data and keep an eye on Chancellor George Osborne’s budget. The chancellor is expected to set out his plans to support a resilient UK economic recovery. Also due for publication is the Monetary Policy Committee meeting minutes for this month. Each data release is likely to create movement for the Pound and events in Ukraine are also likely to affect trading.

US Dollar

The US Dollar fell to its lowest level in more than four months against a number of peers as investors grow jittery ahead of the Federal Reserve’s policy meeting. New Fed chairman Janet Yellen is due to make her debut and the markets are not yet sure of which direction she will take the Central Bank’s policy.

The Euro

The Euro is weaker against the Pound and other peers as tensions increased in Ukraine following reports that a Ukrainian soldier was shot dead by pro-Russian forces. Investors grew increasingly nervous this morning as news broke that pro-Russian activists have occupied a Ukrainian naval base in Sevastopol. With no major domestic data releases due for release the Euro is vulnerable to events in the troubled region, US and UK.

Australian Dollar

The ‘Aussie’ retreated against a number of peers due to a bout of profit taking and as investors wait for this afternoon’s US Federal Reserve policy meeting. The U.S. central bank was widely expected to continue to roll back its bond purchasing program by a further $10 billion, a move that will bolster the US currency and weaken emerging market and commodity based currencies.

New Zealand Dollar

The New Zealand Dollar followed its ‘Aussie’ relation downward against a number of peers ahead of this afternoon’s Federal Reserve policy meeting. The ‘Kiwi’ briefly climbed following yesterday’s speech by Russian President Vladimir Putin who said that Russia wasn’t seeking a partition of Ukraine. Tensions resurfaced however after pro-Russian forces took control of a naval base in the region.

Canadian Dollar

The Canadian Dollar weakened after Canadian Central Bank Governor Stephen Poloz said that he expects the nation’s long-term economic outlook will be constrained by an aging population that is reducing demand and pushing up savings. He also hinted that a cut to interest rates may occur soon.

South African Rand

The Rand is holding steady as investors wait for the release of eagerly anticipated inflation data and the Federal Reserve’s interest rate and policy meeting. Statistics South Africa will also release retail sales data for January in the session. The market expects sales growth to have slowed to 2.9% on a yearly basis down from the 3.5% recorded in December as consumers battle with high levels of debt and tighter lending.

© 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