New Two Month High for Euro to US Dollar Rate

The Pound experienced some decent gains on Friday after the latest release of UK data helped to create an upbeat mood. There were improvements seen in both the retail sales and PMI figures, both of which came in higher than expected. However, investors still had concerns and this prevented the currency from strengthening further. At the end of the week, the Pound finished at 1.1471 against the Euro and 1.3879 against the US Dollar according to the Foreign Exchange Market.


It was an excellent end to the week for the Euro after investors were boosted by the latest PMI figures from the Eurozone. The preliminary figures for April indicated that both the manufacturing and service sectors are performing well, indicating the bloc could experience growth during the second quarter of 2021.


It was a defensive end to the week for the US Dollar as it suffered from broad selling pressure after there was a drop in US Treasury yields. However, the losses were limited after it became apparent that the US Markit PMI indicated that the US Services sector grew at a record rate during April.


NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when an exchange rate has be achieved to take advantage at the best time.