Currency Calculator

Use the currency calculator to calculate the rate of exchange.

GBP Flag

1 GBP = 1.13901 EUR

EUR Flag

1 EUR = 0.87801 GBP

Change Currencies Currency Providers

GBP retains its gains on the USD

compare money transfer free transfer voucher

Pound Sterling

Ahead of the release of UK construction data the Pound was in line to post its first five-day advance against the US Dollar for a month. Sterling retained gains recorded against a broadly softening ‘Greenback’ but was little changed against the Euro. The UK currency is likely to experience movement next week following the publication of minutes from the Bank of England’s latest policy meeting.

US Dollar

After declining against the majority of its currency peers yesterday as the odds of the Federal Reserve tapering stimulus fell, the ‘Greenback’ continued its bearish relationship with its rivals overnight. While today’s US data, including the nation’s producer price index and the University of Michigan confidence gauge, will be of interest the US Dollar is expected to remain under pressure prior to an announcement from Fed Bank of St. Louis President James Bullard.

The Euro

Although the Euro strengthened to a three-week high against the US Dollar yesterday as Fed developments supported higher-risk assets, the common currency dipped as the European session opened. The expectation that today’s industrial production report for the Eurozone will show a decline is weighing on the currency and a surprising result could trigger fluctuations.

Australian Dollar

The increasing likelihood of the Reserve Bank of Australia slashing rates to a fresh record-low next month saw the ‘Aussie’ slide against several of its counterparts during Australasian trading. The Australian Dollar shed some of its recent advance against the US Dollar and edged lower against the Yen and Euro. The South Pacific currency was also adversely affected by the news that Australian home loans rose by 1.8 per cent in May rather than the 2.2 per cent expected. April’s figure was also revised to 1.2 per cent.

New Zealand Dollar

The New Zealand Dollar posted a modest gain against the US Dollar during local trade, taking its five-day advance to 2 per cent. With three regional Federal Reserve Bank Presidents due to speak on the volatile subject of tapering, commodity-driven currencies like the ‘Kiwi’ could fluctuate as we head into the weekend.

Canadian Dollar

In the wake of the market volatility inspired by Federal Reserve President Ben Bernanke’s announcement, the Canadian Dollar was able to end the local session higher against peers like the US Dollar. The ‘Loonie’ was little affected by a below forecast new housing price index, and is likely to continue being driven by US news in the days ahead.

Leave a comment

Foreign Exchange New Update

Top 10 Money Transfer Companies