Currency Calculator by Send Money Home.

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

View Providers Switch Currencies

Greenback hits back against Yen breaching Y100 mark

Money transfer comparison currency update

Pound Sterling

The Pound is little changed against the Euro and US Dollar as economists await the release of data that is expected to show that the UK’s trade deficit narrowed in March. The goods trade gap is expected to have shrunk to £9 billion in March from the £9.4 billion posted in February. If the data comes in better-than-expected we can expect the Pound to make gains against its peers.

US Dollar

The ‘Greenback’ surged upwards overnight due to yesterday’s better-than-expected jobless data. Against the Japanese Yen the Dollar breached the Y100 mark for the first time in four-years. It then went on to breach the Y101 mark before retreating. The number of people claiming unemployment insurance unexpectedly dropped to 323,000 in the week ending on the 4 May, the lowest level in five years.

The Euro

The Euro edged upwards against most of its peers after positive data out of Germany raised hopes of a possible recovery in the Eurozone. Germany’s foreign trade balance posted a bigger-than-expected surplus in March. The surplus widened to €18.8 billion, from €16.8 billion in February. The figure beat economists’ expectations of €17.5 billion. Imports into the Eurozone’s biggest economy also rose sharply by 0.8% in March. Against the US Dollar the Euro slipped to a two-week low following the ‘Greenback’s’ overnight surge.

Australian Dollar

The ‘Aussie’ has fallen close to parity with the US Dollar after the currency took a tumble in overnight trading. The decline claim after the ‘Greenback’ surged upwards following the positive jobless data released on Thursday. The Australian Dollar may be subject to further volatility later today, when the Reserve Bank releases its quarterly statement on monetary policy.

New Zealand Dollar

The ‘Kiwi’ is set to decline against the US Dollar after speculative traders pared back their bets that the New Zealand currency will make gains after several surprises this week, including a lower-than- expected unemployment rate, and the news that the Central Bank has been active in intervening in the foreign exchange markets.

Canadian Dollar

The ‘Loonie’ has weakened against its US relation due to the US currency making strong gains in overnight trading. Prior to the ‘Greenbacks’ surge the ‘Loonie’ was holding steady following the release of house price data. The house price figures, compiled by Statistics Canada, showed that house prices advanced by 0.1% in March, month-on-month, and 2% year-on-year – the slowest annual increase for almost two years.

South African Rand

The Rand weakened against the US Dollar due to the US currency regaining ground against the Euro. The South African currency frequently tracks the Euro as the Eurozone is South Africa’s largest trading partner.

© 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