Currency Calculator

Use the currency calculator to calculate the rate of exchange.

GBP Flag

1 GBP = 1.11822 EUR

EUR Flag

1 EUR = 0.89379 GBP

Change Currencies Currency Providers

Greenback at a six week low against the Euro

options instead of using a bank

Compare FX currency Update

US Dollar

The US Dollar is trading close to a six-week low against the Euro and is softer against the Pound after last week’s stronger-than-forecast US jobs data boosted demand for riskier assets. The data has also bolstered optimism over the outlook for the economic recovery and reinforced expectations that the Federal Reserve will start reducing its $85 billion-a-month stimulus program at one of its upcoming policy meetings.

Pound Sterling

The Pound is little moved against the Euro and US Dollar ahead of a speech by Bank of England governor Mark Carney in New York. The currency has halted a four-day decline against the Euro ahead of the release of data from Greece which is expected to show that the nation’s year-on-year GDP contracted in the third quarter. Against the Japanese Yen, Sterling hit a five-year high following the release of soft Japanese GDP figures.

The Euro

The Euro is trading at a six-week high against the US Dollar but was softer against the Pound after data showed that Germany’s trade surplus narrowed from €18.7 billion in September to €16.8 billion in October. The currency could weaken further later in the session if Eurozone investor sentiment data comes in below expectations or if GDP data out of Greece and Portugal shows signs of contraction.

Australian Dollar

The ‘Aussie’ snapped a two-day gain against the US Dollar and continued its fall against the Pound as investors increased their bets that the Australian economy will lag behind the US and UK. The Reserve Bank of Australia is expected to continue talking down the currency which is putting pressure on the ‘Aussie’.

New Zealand Dollar

The ‘Kiwi’ managed to find some strength due to the release of better-than-expected data out of China. The New Zealand Dollar found support after China posted its largest trade surplus in nearly five years over the weekend. Exports rose by a hefty 12.7% from a year earlier, while imports rose 5.3%.

Canadian Dollar

The Canadian Dollar is likely to spend another week underperforming against its major peers. A lack of economic data releases leaves the currency at the mercy of events occurring elsewhere with the major moves expected on Thursday due to the release of a number of important data releases for the USA.

South African Rand

The Rand remains under heavy pressure against the US Dollar and other peers due to a fresh bout of selling of local debt and shares by foreign investors. The currency is likely to have a fairly volatile week as investors will be watching key local data releases later in the week which include; mining production, manufacturing, retail sales and producer price inflation reports.

Leave a comment

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

Top 10 Money Transfer Companies