21/05/2018 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 21, 2018
  • No Comments

The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us.

The Pound and Euro are in a contest to see who the worst performer is today, and right now the pound is edging out the euro by just a tad bit.

It’s been all about politics that is weighing on the two currencies today, not helped by technical selling against the greenback too.

The euro is being weighed down by the government planning in Italy and the selloff in Italian bonds, equities also haven’t really helped with that regard.

Meanwhile, in the UK there is an added element of uncertainty with a possible snap general election coming into place as Brexit talks continue to hit a snag.

The Tories are so far denying the possibility, but as rumours like this are doing the rounds in the media it’s not going to help sentiment at the very least.

The dollar hit a fresh five-month high as investors heaved a sigh of relief after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war “on hold” following their agreement to suspend the tariff threats.

Against a basket of currencies, the greenback rose for the first time since late-December 2017.

Since its rally began on April 17, the dollar has surged more than 5 percent, its biggest rising streak since late 2015, just before the U.S. Federal Reserve’s first interest rate rise since the 2008 financial crisis.

GBP/EUR 1.1406
GBP/USD 1.3398
GBP/AED 4.9118
GBP/AUD 1.7798
GBP/CHF 1.3386
GBP/CAD 1.7235
GBP/NZD 1.9413
EUR/USD 1.1731
GBP/ZAR 17.045

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Your email address will not be published.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 Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited, Equals Connect Limited and Ebury Partners UK Limited. Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Mananger. 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 commissioners office with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers