Currency Converter

Currency Converter



Monday, December 30, 2024

Pound Sterling Drops Against Euro and Dollar Amid Second Month of Economic Contraction

The Pound Sterling fell against the Euro and US Dollar following the latest UK GDP data release on Friday. The Pound to Dollar (GBP/USD) exchange rate dipped to 10-day...

* This article was originally published here

Friday, December 27, 2024

Pound to Dollar Rate 2025 Forecast: Plunge to 1.17 or Rally to 1.38?

Currency exchange strategists at Nordea forecast that the Pound to Dollar exchange rate (GBP/USD) will slide to 1.17 by the middle of 2025 which would be the lowest...

* This article was originally published here

Thursday, December 26, 2024

Pound Sterling Dips Against Euro and Dollar on Surprise BoE Vote Split

A narrower-than-expected Bank of England (BoE) vote in favour of holding interest rates at 4.75%, triggered a Pound sell-off on Thursday. The Pound was also undermined...

* This article was originally published here

Wednesday, December 25, 2024

Pound US Dollar (GBP/USD) Exchange Rate Climbs

The Pound to Dollar exchange rate (GBP/USD) gained momentum on Monday following the release of UK’s and US’s preliminary PMI data for December. On Monday, the...

* This article was originally published here

Monday, December 23, 2024

Pound to Euro Rate Rebounds as UK Inflation Pressures Trump Business Fears

The Pound to Euro exchange rate (GBP/EUR) dipped to 2-week lows just above 1.2000 on Monday before a recovery to 1.2040 after the latest round of data releases. UK...

* This article was originally published here

Saturday, December 21, 2024

Pound Euro Exchange Rate on the Defensive Following ECB Rate Cut

The Pound Euro (GBP/EUR) exchange rate trended broadly lower on Thursday following the release of the European Central Bank’s (ECB) latest interest rate decision. At...

* This article was originally published here

Wednesday, December 18, 2024

FOMC Statement and Powell’s Press Conference

The FOMC statement announces the Fed’s third rate cut since September, a drop of 25 basis points, matching the market consensus and bring the total decline from peak to a full percentage point. The new federal funds range is 4.25-4.50%. In a 10-1 vote, Cleveland District President Beth Hammack preferred keeping the range at 4.50-4.75%. […]

* This article was originally published here

Wednesday, December 11, 2024

Pound Sterling Outlook: GBP/USD Braced for US Jobs Data

Pound sentiment is relatively cautious with doubts over the near-term economic outlook, but reservations elsewhere, including weaker than expected US data has protected...

* This article was originally published here

Tuesday, December 10, 2024

Fed Rate Cut Hopes and Several Economic Data Releases

By a three to one  margin, financial markets anticipate a 25-basis point interest rate cut from the Fed later this month, compared to a minority view that officials may choose not to ease at this time. Several U.S. data releases occurred this Friday: ADP estimates that 146k private-sector jobs were created in November, which is […]

* This article was originally published here

Monday, December 2, 2024

Pound Euro (GBP/EUR) Exchange Rate Muted ahead of Eurozone Inflation

The Pound Euro (GBP/EUR) exchange rate wavered sideways on Thursday as mixed factors and a muted mood ahead of the Eurozone inflation figures subdued the pairing. The...

* This article was originally published here

Sunday, December 1, 2024

Hawkish ECB Rhetoric Protects the Euro Exchange Rates

The Pound to Euro (GBP/EUR) exchange rate tested the 1.2000 level in early Europe on Wednesday before a retreat to 1.1980 on hawkish ECB rhetoric. The Pound overall has...

* This article was originally published here

Saturday, November 30, 2024

Pound to Euro Exchange Rate Today: Subdued

The Pound Euro (GBP/EUR) exchange rate traded largely flat on Tuesday following the publication of the Eurozone’s latest inflationary data release. At the time of...

* This article was originally published here

Friday, November 29, 2024

A Better Financial Market Mood to Start Shortened Week

Markets liked Trump’s choice of Scott Bessent, a hedge fund manager, for the cabinet post of treasury secretary. Tangentially, there’s more confidence that the Fed will cut rates next month, and reports of a ceasefire agreement between Israel and Lebanon also helped the mood. The Russell 2000 hit a record high. The DOW is up […]

* This article was originally published here

Thursday, November 28, 2024

EUR to USD Exchange Rate Drops to 1.035 as EU PMIs Miss

PMIs in the EU dropped further, with Services joining Manufacturing in contraction territory. The euro dropped sharply. EURUSD was down –1.35% and tested 1.035....

* This article was originally published here