Last week, ISM Non-Manufacturing PMI and labor market numbers fueled bets on further Fed rate hikes. Tight labor market conditions support wage growth. Wage growth counters Fed efforts to curb spending, fuel consumption, and demand-driven inflation.

Barring a surprise ECB move, the ECB press conference will provide near-term EUR/USD direction. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.

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We cannot guarantee 100% accuracy of third-party providers. According to the August PMI surveys, the manufacturing and services sectors contracted, leaving the markets to consider economic indicators from both sectors in hopes of a shift in momentum. A pickup in manufacturing sector activity would provide relief.

A marked decline in the Sentiment Indicators would affirm the EUR/USD near-term bearish trend. Sentiment toward the German and Eurozone economies deteriorated further last week. European equity indexes finished Wednesday broadly lower as investors brace for the latest rate call from the European Central Bank (ECB).

GBP/CNH

In this situation, a test of 2/8 (1.2451) is expected, followed by a breakout and a price drop to the support at 1/8 (1.2329). The scenario can be cancelled by the price growing over the resistance at 3/8 (1.2573). In this case, the pair could rise to the 4/8 (1.2695) level. BoE Governor Andrew Bailey last week said interest rates might still rise further due to stick price pressures, but the central bank is “much nearer” to ending its tightening cycle. The key focus now shifts to UK GDP for July – expected 0.4% on-year, down from 0.9% in June.

• Goldman Sachs rates Apple at “Buy” and lowered its price target to $216 from $222, representing potential upside of 23%.
• We give you the real rate, independently provided by Reuters.
• In this situation, a breakout of 0/8 (1.0742) is to be expected, followed by a price rise to the resistance at 1/8 (1.0803).

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British Pound to Euro stats

Check live rates, send money securely, set rate alerts, receive notifications and more. This week, inflation numbers on Wednesday could raise bets on a final Fed rate hike before hitting the proverbial brakes. However, jobless claims and retail sales figures must align with the tight labor market-consumption relationship to support a Fed hike. On Friday, Eurozone wage growth and trade data will influence sentiment toward the ECB policy and economic outlook. We expect the wage growth figures for the second quarter will have more influence on the EUR/USD.

Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Create a chart for any currency pair in the world to see their currency mt4 automated trading robot history. These currency charts use live mid-market rates, are easy to use, and are very reliable. A pickup in wage growth would fuel consumption and demand-driven inflation.

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The three-month average, however, ticked up to 0.3% in July from 0.2% previously. You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. We give you the real rate, independently provided by Reuters.

Wedbush rates Apple at “Outperform” and raised its price target to $240 from $230, representing potential upside of 36%. JPMorgan rates Apple at “Overweight” with a $230 price target, representing potential upside of 30%. The products, which are all available for purchase next week, offer incremental updates to their predecessors, including a USB-C charging port, a higher quality camera, and faster processor speeds. The British pound is testing crucial support against the US dollar ahead of UK GDP data due later Wednesday.

The pound is the official currency of the United Kingdom of Great Britain and Northern Ireland. The pound sterling is the fourth most-traded currency in the foreign exchange market. These are the average exchange rates of these two currencies for the last 30 and 90 days. However, the ECB monetary policy decision and press conference will influence near-term EUR/USD trends. A dovish hold on monetary policy and a negative outlook toward the Eurozone economy would leave the EUR/USD on its current bearish trajectory. GBP/USD quotes are below the 200-day Moving Average on H4, which implies the prevalence of a downtrend.

Live tracking and notifications + flexible delivery and payment options. Our currency rankings show that the most popular Euro exchange rate is the EUR to USD rate. United States Consumer Price Index (CPI) data was released by the US Bureau of Labor Statistics (BLS). While the market was expecting an increase in inflation on a yearly basis, it was taken by surprise as the actual CPI rate exceeded the forecasts. Whether the medium-term rebound is the start of a long-term uptrend?

All investment services are provided by the respective Wise Assets entity in your location. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at https://1investing.in/ in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. Goldman Sachs rates Apple at “Buy” and lowered its price target to $216 from $222, representing potential upside of 23%.

Need to know when a currency hits a specific rate? The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. German and Eurozone ZEW Economic Sentiment Indicators for August will likely reflect the current macroeconomic environment and grim outlook.

On Wednesday, Eurozone industrial production figures also need consideration. While the manufacturing sector accounts for less than 30% of the Eurozone GDP, a weakening manufacturing sector backdrop would support an ECB hold on monetary policy. The news and information contained on this site is by no means investment advice.

• JPMorgan rates Apple at “Overweight” with a $230 price target, representing potential upside of 30%.
• In this case, the pair could rise to the 4/8 (1.2695) level.
• ECB President Lagarde is on the calendar to speak on Friday.
• A marked decline in the Sentiment Indicators would affirm the EUR/USD near-term bearish trend.

Banks and other transfer services have a dirty little secret. They add hidden markups to their exchange rates – charging you more without your knowledge. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. While the economic indicators will draw interest, the ECB monetary policy decision and press conference will be the main event. Economists expect the ECB to leave monetary policy unchanged on Thursday.