Currency Calculator by Send Money Home.

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

View Providers Switch Currencies

US Dollar makes gains against a number of peers

Send money home free transfer voucher

Daily money transfer update

US Dollar

The US Dollar made gains against a number of peers on demand for safe haven assets. Tensions in Ukraine are rising after Russian President Vladimir Putin’s threat to invade has intensified. The standoff is one of the most serious East/West standoffs seen since the end of the Cold War. The currency could lose ground as the session progresses however if this afternoon’s ISM Manufacturing PMI report comes in below forecast.

Pound Sterling

The Pound is little moved against the Euro and US Dollar as economists await the release of UK mortgage and manufacturing PMI data. Manufacturing in the UK is expected to have softened slightly in February but mortgage approvals are expected to have increased for another consecutive month.

The Euro

The Euro is softer against the US Dollar and the Swiss Franc due to the rising tensions in Ukraine increasing demand for safe haven currencies. The currency could find support later in the session if manufacturing data out of France. Germany and the wider Eurozone show signs of improvement. The afternoon will see ECB President Mario Draghi give a speech. Investors will be looking for any signs that the Central Bank could implement further stimulus measures or alter interest rates at Thursday’s policy meeting.

Australian Dollar

The ‘Aussie’ made gains against most of its major peers due to data which showed that the number of jobs being advertised in Australia jumped by 5.1% on the previous month. The currency is under pressure however from events in Ukraine and if the situation worsens we can expect the riskier ‘Aussie’ weaken as investors seek safety elsewhere. A weaker-than-expected manufacturing report out of China also added some pressure.

New Zealand Dollar

The New Zealand Dollar fell along with most commodity currencies as escalating tensions in Ukraine damaged risk sentiment. The weaker-than-expected data out of China also weighed upon the ‘Kiwi’.

Canadian Dollar

The Canadian Dollar is little moved against its US relation as it continues to find support from last week’s respectable GDP figures. Statistics Canada reported that fourth quarter economic growth came in at an annualized pace of 2.9%. That was better than the 2.5% rise that was expected.

South African Rand

The Rand is weaker against the majority of its peers as risk sentiment was harmed by the threat of war between Ukraine and Russia. Investor sentiment was particularly damaged toward emerging market assets. The currency also remains under pressure from last week’s disappointing trade figures.

© 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