Following lower than anticipated numbers in the latest consumer confidence report yesterday, USD retreated further, particularly vs GBP. As a result, GBPUSD hit new two-and-half-year highs.
As the EUR gained across the board following the China stimulus news, GBPEUR retreated off highs seen earlier in the day.
*Daily move - against G10 rates at 7:30am, 25.09.24
** Indicative rates - interbank rates at 7:30am, 25.09.24
With very little in the economic calendar for today we're expecting an overall quiet day.
So far, we are seeing a marginally weaker GBP across the board with GBPEUR and GBPUSD off their recent respective highs.
EURUSD is having another attempt at its August peaks - getting there could pave the way to the impressive highs of July 2023.
Our team of currency experts are here to help you get more from your money when making global payments. We will work with you to understand your payment needs and offer specialised guidance on the best options available to you. Over the last 19 years we’ve helped over a million customers and last year alone processed over £12bn. We’re tried and trusted, and we’re ready to help you.
Have a great day.
