Here's your Daily Currency Update – 13 November 2026

• UK third-quarter GDP printed 0.7% yesterday, matching forecasts and supported by services and AI-related activity.
• US October CPI earlier in the week was hotter than expected; today’s PPI came in slightly softer at 0.3% month-on-month.
• Eurozone figures this morning were broadly in line, leaving little fresh impulse.
• Sterling has held a quiet range against the euro while the dollar retains residual support.
• Market mood is calm and data-dependent heading into the weekend.
• EUR/USD has fallen sharply in a short space of time and is trading near multi-month lows. This is a favourable backdrop for US clients who need to convert dollars into euros in the coming months, as they currently receive more euros per dollar. It is a less attractive window for those selling euros for dollars.
• Today’s main data is now digested; next week brings UK inflation and retail figures.
• Even a quiet Friday still moves the numbers over time: see the table showing the euro difference on a £250,000 transfer – up to €9,975 between the three-month low and the recent high.
• With UK inflation and retail figures next week, know where the banks see sterling heading: download our free Q4 Quarterly Forecast for rate forecasts, the key-event calendar and what the coming data could mean for your transfer.

The past 24 hours have been orderly. Yesterday’s UK growth numbers provided a steady floor for sterling without sparking drama, while this morning’s eurozone updates were as expected. The dollar continues to draw residual strength from earlier US inflation data, though today’s slightly softer PPI print has taken a little of the heat out of the most aggressive rate-hike pricing. Ranges across the major pairs have stayed contained.

Looking ahead, the week is effectively complete once the PPI reaction settles; attention will turn to next week’s UK CPI and retail-sales releases. No material UK political developments have moved markets in the last day. For anyone arranging a transfer, a quiet Friday can be a practical advantage – liquidity is decent, cut-offs are clear, and the difference between a smooth same-day settlement and a delayed one often outweighs a few pips of rate movement.

Sterling has drifted modestly lower against the euro over the past 24 hours, trading a tight 1.1957–1.1977 range and finishing near 1.1969 (0.8354). The net change remains only a few pips.

• UK Q3 GDP at 0.7% (in line) and September monthly growth of 0.2% continue to provide a modest floor.
• Eurozone flash figures matched expectations.
• Residual dollar strength has indirectly weighed on the cross.

This table illustrates the best and worst rate over a given time frame — highlighting the volatile nature of the FX markets and why timing is crucial.

The numbers show movement is real even when the market feels quiet. Most buyers focus on the rate, yet the rate is only one part of the equation. What often makes the larger difference is the quality of guidance around when to transfer, how the process is managed, the clarity of communication, and the reliability of the people handling the money. A slightly better rate with poor support or delays can cost more than a well-timed transfer executed smoothly.

For early-stage buyers the real question is rarely just “what is the rate today?” It is “who will help me navigate the timing, the paperwork and the practicalities so the money arrives exactly when needed, without stress?”

Want to see a different amount or timeline? try our useful calculator...

Cable has edged lower over the past 24 hours, trading a 1.3220–1.3244 range and sitting near 1.3230. The net decline is modest.

• Yesterday’s UK GDP figures were supportive but already discounted.
• Lingering effects of the hotter US CPI continue to favour the dollar, tempered slightly by today’s softer PPI.
• Liquidity remains orderly after the mid-week holiday.

The euro has slipped further against the dollar, trading a 1.1044–1.1073 range and holding near 1.1050. The net move on the day is small, but the broader picture is more striking: the pair has dropped roughly 1.5–2% in a short space of time from levels above 1.12 earlier in the week and is now trading near multi-month lows (some data points place it at or close to 18-month lows).

• Eurozone flash GDP and employment prints this morning matched forecasts.
• Residual US inflation momentum continues to underpin the dollar, even after today’s slightly softer-than-expected PPI (0.3% m/m versus 0.4% forecast).
• No fresh ECB commentary of note.

*PPI prior revised. Events from the past 24 hours are reflected in the pair analyses above.