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Currencies Direct - Daily Currency Update

Discussion in 'Retail Business Advice and start ups' started by Currencies Direct, Feb 28, 2020.

  1. Currencies Direct

    Currencies Direct

    Feb 6, 2020
    TWF Daily Currency Update: 27/02/2020

    Today’s e-commerce exchange rate update

    For online sellers paying suppliers in foreign currencies, or converting international revenue, exchange rate movements can have a significant impact on profitability – from increasing the cost of invoices to reducing the return on your payments.

    Stay on top of the latest rate movements in minutes with our daily rate alert.

    Pound Sterling (GBP)

    The pound plummeted yesterday as fears that the UK will leave the EU without a deal intensified.

    GBP/EUR – Hit six-week low

    GBP/USD – Fell below $1.29

    Euro (EUR)

    The euro rose against the pound and US dollar yesterday as economic sentiment in the Eurozone improved unexpectedly.

    EUR/GBP – Up from 0.84 to 0.85

    USD/EUR – Up from 1.09 to 1.10

    US dollar (USD)

    The US dollar fell yesterday as treasury yields slumped and coronavirus concerns increased the odds of the Fed cutting interest rates.

    USD/GBP – Fluctuating around 0.77

    USD/EUR – Dropped from 0.91 to 0.90

    At Currencies Direct we’ve helped more than 325,000 customers save time and money on their currency transfers since 1996.

    If you’d like to find out more about the latest rate movements and how they could impact your international payments, contact our expert team or get a quote now.

    Call: 0207 847 9269 Email: (Email Hidden for Privacy)

    *All rates quoted are interbank. Please get in touch with us for a live trading rate.
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