Currency Calculator

Use the currency calculator to calculate the rate of exchange.

GBP Flag

1 GBP = 1.11871 EUR

EUR Flag

1 EUR = 0.89379 GBP

Change Currencies Currency Providers

Euro on top ahead of policy decisions

compare money transfer advert

Compare money transfer daily market update

Pound Sterling

The Pound is trading close to its lowest -level in four-months against the Euro before tomorrow’s release of policy decisions from the European Central Bank and the Bank of England. Sterling’s fall against the single currency was exacerbated by the release of data showing that UK shop prices declined for a third consecutive month.

US Dollar

The ‘Greenback’ is expected to make a monthly loss against the majority of its most traded peers as investors await the release of the Federal Reserve’s policy statement due later today. They will be looking for signs on when the Central Bank may curb its bond buying programme, which tends to weaken the currency.

The Euro

The Euro is trading higher against the US Dollar and Pound as investors await the policy decisions due from the Central Banks of Europe, the UK and USA. Also supporting the currency is the data showing that unemployment in Germany declined.

Australian Dollar

The Australian Dollar declined; approaching its lowest-level in almost three years, as speculation the Central Bank will cut borrowing costs next week curbed demand for the currency. Comments made by the nation’s Central Bank governor have caused trader expectations for an interest rate cut to rise to its highest level in 12 weeks.

New Zealand Dollar

The ‘Kiwi’ weakened slightly against the US Dollar but is finding support from some positive economic data. Business confidence in New Zealand reached a 14-year high in July and one of the country’s biggest companies announced it would pay its shareholders more than expected, adding $3.6 billion to the economy.

Canadian Dollar

The ‘Loonie’ fell from its highest-level in a month against its US relation due to speculation that the Federal Reserve may provide clues as to when it will reduce its monetary easing programme at today’s policy meeting. The currency weakened against the majority of its most-traded peers as the Fed is forecast to leave the benchmark interest rate at zero to 0.25 percent and continue its $85 billion per month bond-buying program.

South African Rand

The Rand remains under pressure extending three days of losses against the US Dollar. The currency has come under pressure in recent days as importers settle offshore payments as the month comes to a close. If today’s trade data comes in below expectations then it is likely that the Rand will weaken further.

Leave a comment

What's the press saying about Compare Money Transfer Ltd?

Top 10 Money Transfer Companies