Daily FX Commentary

31 March 2015 - Euro drops on Grexit fears

By Jake Trask
United States Dollar: Risk-aversion saw the dollar gain across the board yesterday with cable dropping below 1.48 on the back of ongoing concerns about a possible Greek exit from... read more

30 March 2015 - US GDP misses forecast

By Jake Trask
United States Dollar: Friday saw the final estimate of Q4 GDP from the States print 2.2% growth. The reading fell just short of the 2.4% expected however market reaction was fair... read more

27 March 2015 - Markets Await US GDP Data

By Jake Trask
United States Dollar: The pound was buoyed yesterday as monthly Retail Sales data beat forecast to show 0.7% growth for February. The report was the 23rd in succession showing ye... read more

26 March 2015 - GBP/USD steadies around 1.49 ahead of Retail Sales

By Alex Edwards
United States Dollar: It’s been a steady last 24 hours for GBP/USD. It started the day yesterday sub 1.49 and rallied at 12:30pm following the release of weaker than expec... read more

25 March 2015 - Pound falls after inflation rate falls to zero

By Alex Edwards
United States Dollar: UK CPI printed weaker than market forecasts yesterday, showing that the UK inflation rate dropped to zero in February and below the 0.1% expected level. Th... read more

24 March 2015 - Markets await UK inflation data

By Jake Trask
United States Dollar: The dollar started the week on the back foot as investors sold off the greenback in the wake of last week’s dovish FOMC statement. With investors putt... read more

23 March 2015 - Dollar retreats as markets get off to a slow start

By Alex Edwards
United States Dollar: There wasn’t much by way of economic releases on Friday. UK public sector borrowing data showed that the budget deficit in February fell to £6.... read more

20 March 2015 - Dollar back in favour after post FOMC sell-off

By Alex Edwards
United States Dollar: The dollar recaptured quite a bit of ground yesterday following the post FOMC sell-off. GBP/USD started the day at 1.4915 and finished the London session a... read more

19 March 2015 - Dollar dumpped as Fed statement sounds dovish

By Alex Edwards
United States Dollar: It was a very active day in FX markets yesterday. The day started with the release of weaker than expected unemployment and a surprise set of weaker than e... read more

18 March 2015 - GBP/USD dragged lower again as markets await data, Budget and Fed statement

By Alex Edwards
United States Dollar: GBP/USD has fallen further over the last 24 hours and it opens this morning at 1.4735. There was no UK economic data of note yesterday and selling in the p... read more

17 March 2015 - Markets steady ahead of Fed statement tomorrow

By Alex Edwards
United States Dollar: GBP/USD traded sub 1.48 for most of the morning session on Monday but as New York came online it pushed higher and up through the big figure, dragged higher... read more

16 March 2015 - GBP/USD slips below 1.47 as Fed statement comes in to focus

By Alex Edwards
United States Dollar: The pound fell again on Friday and at one point look liked it would fall below 1.47 vs. the dollar. In the end it didn’t and has since recovered off ... read more

13 March 2015 - Euro sellers take a breather as GBP comes under pressure

By Alex Edwards
United States Dollar: GBP/USD really struggled yesterday and has fallen below 1.49. BoE Governor Mark Carney was speaking on Thursday and his comments didn’t particularly ... read more

12 March 2015 - EUR/USD continues its march towards parity

By Alex Edwards
United States Dollar: The US dollar has continued to march higher, with those strong jobs numbers on Friday still fresh in the minds of many investors and traders. EUR/USD has b... read more

11 March 2015 - Euro slumps again as confidence in QE plan and Greek reforms worsens

By Alex Edwards
United States Dollar: The dollar remains strong this morning as expectations for future Fed monetary policy increasingly diverges from that of other major central banks around th... read more

09 March 2015 - Dollar strengthens further following robust jobs report

By Alex Edwards
United States Dollar: US Non-farm payrolls printed stronger than expected on Friday and the dollar strengthened yet again. 295,000 jobs were added to the US economy in February ... read more

06 March 2015 - Euro drops to fresh 11 year lows as Draghi confirms details of QE plan

By Alex Edwards
United States Dollar: GBP/USD was steady throughout most of the day yesterday. It slipped to a low of 1.5216, once again dragged lower by the sell-off in EUR/USD. As expected, ... read more

05 March 2015 - EUR/USD sinks to an eleven year low as ECB press conference falls due

By Alex Edwards
United States Dollar: GBP/USD fell yesterday following the release of weaker than expected UK Services PMI. The index for February printed at 56.7 vs. forecasts for 57.6, and al... read more

04 March 2015 - GBP/EUR through 1.38 as stop orders are filled in early Europe

By Alex Edwards
United States Dollar: The pound pushed higher on Tuesday morning after data released at 9:30am showed February’s UK Construction PMI beat forecast to print at 60.1. The rea... read more

03 March 2015 - Dollar strengthens again despite yet more disappointing data

By Alex Edwards
United States Dollar: UK Manufacturing PMI was released yesterday morning and printed slightly stronger than market expectations, giving GBP/USD a small boost. The data showed t... read more

Currency Converter

Market Rate For information purposes only. Terms of Use
For details, see My FX Dashboard

For UKForex’s customer rate
Log In or Register Now
Rate: 1.4832
Rate: 0.6742

Register Free

Send money overseas at better rates than the banks.

Get our free commentary

RSS Follow Google Plus Follow on LinkedIn

Get free rate alerts

Choose currency pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.

NOTE: These rates are for informational purposes only

IMPORTANT: Use of this website is subject to the Website Terms. Use of the Services of the UKForex Limited is subject to the Client Agreement. Nothing on this website constitutes or should be construed as financial advice. This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites.

UKForex is registered in England and Wales (company no. 04631395) with registered office at 1st Floor 85 Gracechurch Street, London EC3V 0AA.

DISCLAIMER: UKForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.

UKForex provides international money transfer services to individual clients and business customers. Use our free currency calculator, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

UKForex is regulated by the Financial Conduct Authority (FRN: 521566) for the provision of payment services. 

Money Laundering Regulation Number (MSB): 12219180. Issued by HM Revenue & Customs (HMRC)
Read our Money Laundering Statement