Currency Calculator by Send Money Home.

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

View Providers Switch Currencies

Risk aversion in EU sees steady gains for GBP and USD

options instead of using a bank

Daily currency update by Sending money home

Pound Sterling

The Pound is trading just shy of the six-week high it reached yesterday against the Euro but is expected to continue to put pressure on the single currency. Today sees the release of the latest UK GDP data which if it comes in worse-than-expected the Pound could weaken against the US Dollar and other peers.

US Dollar

The ‘Greenback’ strengthened to its highest level since the 21st of November 2012 against the Euro as investors continue to take a risk off approach to the single currency. The Dollar found support after posting positive durable goods data but a surprise decline in consumer confidence limited its gains.

The Euro

The Euro has fallen to its lowest level in four-months due to concerns that the Eurozone debt crisis will spread to the region’s core countries. The currency is expected to remain weak over the course of the day as economists expect the latest data releases to show continued weakness in Euro-area consumer sentiment.

Australian Dollar

The ‘Aussie’ has retreated from two-month highs due to broad support for the US Dollar. Speculation of further monetary policy easing in Japan dominated trading in Asia, weakening the Yen and strengthening the US Dollar. The currency was also affected by risk aversion generated by the ongoing situation in Europe.

New Zealand Dollar

The ‘Kiwi’ has strengthened against most of its major trading partners and was little changed against the US Dollar as investors seek out relatively safe places for their cash as the impact of the Cyprus bailout washes through Europe. The country’s distance from the troubled region has made it attractive to investors looking for a safe haven away from Europe.

Canadian Dollar

The ‘Loonie’ has strengthened for a fifth-day against its US relation due to Canada’s biggest export of Crude oil rising to its highest level in a month. Futures of crude oil rose 1.4% to $96.16 per barrel in New York after reaching $96.45, the highest point since February.

South African Rand

The Rand has weakened against the US Dollar and the majority of its peers due to concerns over the financial stability of Europe, South Africa’s main trading partner after the Cyprus bailout deal. The Rand often tracks the currency of its main trading partner, which has been weighed down by worries that bank depositors and bond holders may be forced to foot the bill in any future rescue deals.

Daily currency update by Sending money home

© 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