Blog


10/06/2020 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • June 10, 2020
  • No Comments

Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

The dollar fell against most currencies amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields in a policy decision later in the day.

The main focus is a Fed policy meeting later on. While no major changes are expected, recent rises in yields have pushed up the dollar due to increasing signs that the U.S. economy is slowly rebounding from the health crisis shock, though a full-fledged recovery is still distant.

Against the British pound, the greenback fell to $1.2760, the lowest since March 12.

U.S. central bankers on Wednesday will also publish their first economic projections since the coronavirus pandemic plunged the country into recession.

Estimates are expected to signal a collapse in output this year and near-zero interest rates for the next few years.

The euro rose against the pound, concerns about progress in trade talks between Britain and the European Union continue to hamper both currencies.

The EU’s chief Brexit negotiator, Michel Barnier, is scheduled to speak later on Wednesday, which may yield details that will help determine whether market sentiment will improve.

GBP/EUR 1.1217 GBP/USD 1.2753 GBP/AED 4.676

GBP/AUD 1.8230 GBP/CHF 1.2078 GBP/CAD 1.7080

GBP/NZD 1.9481 EUR/USD 1.1352 GBP/ZAR 21.064

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Manager. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Ltd is registered with the Information Commissioner's Office, with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers