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Daily Currency Update 14/04/2020

Discussion in 'Money, Accounts & Finance' started by Currencies Direct, Apr 14, 2020.

Do you sell internationally?

  1. Yes

    0 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!

    TWF Daily Update 14/04/20

    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 has had a great start to the week, with the currency climbing to its best levels in over a month.

    GBP investors will now be focusing on tomorrow’s Brexit call and looking out for adjustments to the timetable for negotiations.

    GBP/EUR – Trading at 1.15

    GBP/USD – Climbed to 1.25

    • Euro (EUR)
    News that countries like Austria are looking to loosen their lockdown measures and restart their economies lent the euro support as markets re-opened after the weekend.

    EUR/GBP – Trading at 0.86

    EUR/USD – Trending around 1.09

    • US dollar (USD)
    Rising demand for higher-risk currencies pushed the US dollar lower against several of its rivals as markets reopened after the Easter break.

    Hopes that the peak of the outbreak may have passed in the European nations worst hit by the virus may continue undermining USD exchange rates as the week continues.

    USD/GBP – Down to 0.79

    USD/EUR – Fluctuating around 0.91
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