Euro (EUR)

EUR/GBP - Today's data summary

% change
Price Pound sterling
As of 22:13 29 Mar 2020

EUR/JPY - Today's data summary

% change
Price Yen
As of 22:13 29 Mar 2020

EUR/USD - Today's data summary

% change
Price US dollars
As of 22:13 29 Mar 2020

Latest updates

Sterling up against the dollar

currency center

Sterling rose 0.76% against the dollar to $1.3147.

Against the Euro, it slid 0.34% to €1.15 and against the Japanese Yen 2.16% to ¥134.48.

Pound rises on rate hold

The Bank of England's new governor Andrew Bailey
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The Bank of England's new governor Andrew Bailey will have to 'land on his feet running'

The pound has risen 0.35% against the dollar to $1.3067 after the Bank of England's Monetary Policy Committee voted to hold the interest rate.

Sterling also gained against the euro, up 0.21% at €1.1849.

The MPC made clear, however, that it may act if the UK economy fails to gain momentum.

"With Mark Carney seemingly having deferred this policy decision to his successor, Andrew Bailey will need to land on his feet running," says Principal Global Investors' market strategist, Seema Shah.

"Unless economic activity data improves measurably over the coming months, reflecting proof of the so-called 'Boris bounce', and interest rate cut is likely to remain on the agenda for 2020.".

Sterling ticks lower

The pound ticked lower on the dollar on Friday remains above the $1.31 level.

Sterling is down 0.19% $1.3133 and off 0.11% against the euro at €1.1838.

Pound climbs higher

Pound coins
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Sterling is continuing to make gains on the dollar and the euro.

The pound is up 0.24% at $1.3136 and is ahead of the single currency at €1.1842.

Eurozone growth beats slowdown expectations

EU flag
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Eurozone economic growth in the third quarter beat market expectations of a slowdown and was steady quarter-on-quarter.

European Union statistics office Eurostat estimated gross domestic product in the 19 countries sharing the euro grew 0.2% in the July-September period against the previous three months, the same as in the second quarter.

Inflation slowed because of a sharp fall in energy prices.

BBC economics correspondent Andrew Walker said the figures were "overall pretty lacklustre but could have been worse".

Pound rebounds, slightly

Pound, dollar and euro
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The pound has bounced back, slightly.

After a fairly dismal day that has seen sterling slide by as much as 0.9% against the dollar to trade as low as $1.25 - and undo a lot of last week's gains, the currency recovered some ground this afternoon.

It's now down 0.1% against the dollar and has gained slightly against the euro.

Currently, £1 is worth $1.26 and €1.15.

Pound claws back ground but remains down

The pound has regained a little ground against the dollar and the euro following comments by Bank of England policymaker Michael Saunders about post-Brexit interest rates but is still trading down.

Sterling is off 0.24% against the dollar at $1.2294. It is down 0.27% on the euro at €1.1255.

Market sentiment improves

euro notes
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Ricardo Evangelista, senior analyst, at ActivTrades, has also been looking at the euro after the European Central Bank announcement on Thursday.

"Despite the announcement of a rate cut, the start of a new asset purchase program and fresh bank incentives, the markets appear, for now, unwilling to walk away from the single currency.

"The European Central Bank sent out a clear message, that no effort will be spared to create more accommodating conditions for growth and to closer to the target inflation; this appears to have inspired confidence in investors, that better days lie ahead for the continent’s economy.

At the same time, positive signs coming from both Washington and Beijing have lightened up market sentiment, leading to greater risk appetite, which is beneficial for the euro".