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Currencies Direct - Daily Currency Update

Discussion in 'Money, Accounts & Finance' started by Currencies Direct, Mar 17, 2020.

Do you sell internationally?

  1. Yes

    1 vote(s)
  2. No

    0 vote(s)
  1. Currencies Direct

    Currencies Direct

    Feb 6, 2020
    EXCLUSIVE OFFER FOR TWF: Create an account with Currencies Direct and receive a £30 Amazon voucher when you trade +£5000 before June 30th! https://www.currenciesdirect.com/twf

    TWF Daily Currency Update: 17/03/2020

    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)

    Sterling extended losses at the start of the week as the Government’s approach to tackling the spread of coronavirus came under criticism.

    The currency is currently trading at multi-month lows against both the euro and US dollar.

    GBP/EUR – Dips to 1.09

    GBP/USD – Falls to 1.21

    Euro (EUR)

    The euro fluctuated yesterday as the European Union stepped up its efforts to contain the spread of the coronavirus by restricting European travel. EUR exchange rates could edge lower today if the ZEW economic sentiment surveys show a decline in sentiment.

    EUR/GBP – Trading at 0.91

    EUR/USD – Trending around 1.10

    US dollar (USD)

    The US dollar weakened slightly at the start of the week after the Federal Reserve issued another emergency rate cut. However, demand for safe haven currencies kept USD supported.

    USD/GBP – Up to 0.82

    USD/EUR – Up 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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