Currency Calculator by Send Money Home. Which Foreign Exchange Broker offers the best rate

Flag
1 GBP = 1.08855 EUR
Flag
1 EUR = 0.9187 GBP

View Providers Switch Currencies

Greece returns to the world's financial markets

options instead of using a bank

Daily forex update

The Euro

The Euro regained some ground yesterday after Greece made a successful return to the world’s financial markets. The austerity ravaged nation raised €3 billion in its first bond sale in four years. The currency remains under pressure however from concerns regarding low inflation. A number of Eurozone nations posted lower than expected inflation levels. Year-on-year Germany saw inflation ease from 1.2% to 0.9%.

Pound Sterling

The Pound eased away from recent highs after the Bank of England chose to leave interest rates unchanged at the record low level of 0.5%. It also chose to maintain its quantitative easing £375 billion. Due to a lack of domestic data and major releases from elsewhere the Pound is likely to have a fairly quiet end to the week.

US Dollar

The US Dollar is on course to make its biggest weekly drop in eight-months against a number of peers after investors shrugged off yesterday’s positive jobless claims data and instead continued to focus on the Federal Reserve policy meeting minutes published on Wednesday. The minutes dampened speculation over a possible US interest rate hike.

Australian Dollar

The ‘Aussie’ eased against the Pound and other major peers as economists said that the currency is likely to begin a decline due to technical indicators showing that the currency is overbought. Against the US Dollar the ‘Aussie’ looks set to end its longest winning streak in 20 months.

New Zealand Dollar

The New Zealand Dollar fell as weak equity markets around the world sapped demand for risk-sensitive assets, though the prospect of higher interest rates will likely give the local currency support.

Canadian Dollar

The Canadian Dollar weakened against the Pound and fell against the US Dollar as weak Chinese trade data and a supported ‘Greenback’ weighed upon the currency. The ‘Loonie’ then recovered some ground as investors chose to ignore yesterday’s positive US jobless claims data which weakened the US Dollar.

South African Rand

The Rand added to recent gains against the US Dollar on Thursday to touch a fresh three month high as investors flocked into emerging markets, a day after US Federal Reserve minutes seen as more dovish than expected.The movement of funds by emerging market portfolio managers out of Ukraine and into other markets also benefitted the Rand.

© 2017 : All Rights Reserved
Send Money Home 83 Ducie Street, Manchester M1 2JQ. +44 (0) 844 357 4755 - Email Us