Skip to Content
SVB
Silicon Valley Bank
Region:
  For a better web experience - please upgrade your browser to Google Chrome  
 
Silicon Valley Bank
Products & Services
Products & Services

Banking platform tailored for innovation businesses. From Seed to Series A, IPO and beyond

View All
Cash Management
Plan, manage and track payments, cards, cash and deposits.
Financing Solutions
Fund strategic business growth through commercial lending.
Foreign Exchange
Leverage tailored strategies to manage currency exposure and volatility.
Our Expertise
Startup Banking

From Seed to Series A, start with us early with access to core banking & payment services.

Venture-Funded

Scale and grow from Series A through to IPO with strategic funding solutions & expertise.

Corporate Finance

Get comprehensive banking and financial services to help your company scale and go global.

Industries We Serve
  • Consumer Internet
  • Enterprise Software
  • Fintech
  • Global Life Science & Healthcare
  • Hardware & Frontier Technology
Trends & Insights
Trends & Insights

SVB research, blogs and webinars to give your business crucial advantages in decision-making.

Reports Featured Reports Startup Outlook Report State of the Markets Report Healthcare Investments and Exits View All Reports
Perspectives and Insights Blog Topics Startup Insights Business Growth Market Insights Industry Insights View All Insights
SVB Webinars

Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry.

View Webinars
About Us
About SVB UK

For over 35 years, SVB has helped businesses grow and thrive across the innovation economy.

Living Our Values

SVB's values guide our actions, from our approach to supporting small businesses to community engagement to our ESG reporting.

Contact & Support

Find useful information and resources to help existing clients.

Resources
  • Locations
  • Leadership
  • Newsroom
  • Investor Relations
  • Careers
  • Client Stories
  • UK Branch Gender Pay Gap Report
UK Subsidiary
Become a client
Login
SELECT A SERVICE FOR LOGIN
SVB Online Services
SVB Online Services Private Bank Private Banking – Legacy SVB Private Banking – Legacy Boston Private Investments SVB Capital Limited Partners SVB Asset Management Reporting U.S. Bank Pivot Credit Cards Cardholders Administrators Private Bank Elite Card
  • Need help? Client Support
  • Not a client? Apply Now
Search SVB
Products & Services Our Expertise Trends & Insights About Us UK Subsidiary
Become a client
Login
Products & Services
Cash Management
Financing Solutions
Foreign Exchange
View All
Our Expertise
Startup Banking
Venture-Funded
Corporate Finance
Industries We Serve
View Industries We Serve Consumer Internet Enterprise Software Fintech Global Life Science & Healthcare Hardware & Frontier Technology
Trends & Insights
Reports
Startup Outlook Report State of the Markets Report Healthcare Investments and Exits View All Reports
Perspectives and Insights
Startup Insights Business Growth Market Insights Industry Insights View All Insights
SVB Webinars

Register for upcoming live webinars and access recorded webinars to learn about the latest trends for your business and industry.

View Webinars
About Us
About SVB UK
Living Our Values
Contact & Support
Resources
Locations Leadership Newsroom Investor Relations Careers Client Stories UK Branch Gender Pay Gap Report
Select a Service for Login
SVB Online Services Private Bank Private Banking – Legacy SVB Private Banking – Legacy Boston Private Investments SVB Capital Limited Partners SVB Asset Management Reporting U.S. Bank Pivot Credit Cards Cardholders Administrators Private Bank Elite Card
Close
  • Select a Region
    • North America
      • US Main
        Canada (EN)
        Canada (FR)
    • Europe and Middle East
      • Israel (EN)
        United Kingdom
        Denmark
        Germany (DE)
        Germany (EN)
    • Asia
      • China (中文)
        China (EN)
Find anything about our product, search our documentation, and more. Enter a query in the search input above, and results will be displayed as you type.
Searching... Loading content
    Searching... Loading content
    People
    Article Image
    Publisher Logo
    • Daily FX Update

    Daily FX Update

    • March 15, 2022
    UK unemployment falls below pre-pandemic levels to 3.9%. The Euro trades 0.55% higher against the Dollar amid ongoing peace talks. Chinese stocks suffer a further sell-off as concerns grow over the country's ties with Russia.
    "Life does not have to be perfect to be wonderful." 
    Annette Funicello
    • FX Rates
      March 15, 2022

      Rates are not real time. Rates are today's indicative mid-market rates as of time of publishing, which may vary. Please contact SVB for a current quote.
      Source: Bloomberg

      GBP/USD1.3021
      GBP/EUR1.1840
      EUR/USD1.0998
      USD/CAD1.2857
      EUR/CHF1.0315
      EUR/SEK10.5630
      EUR/NOK9.9716
      EUR/DKK7.4408
      USD/ILS3.2874
      AUD/USD0.7188
      NZD/USD0.6745
      USD/SGD1.3660
      USD/JPY117.92
      USD/CNH6.3998
      USD/INR76.6600
      EUR/ILS3.6141
      GBP/ILS4.2781
      USD/ZAR15.1675

    • GBP

      UK unemployment has fallen below its pre-pandemic level for the first time, with the rate falling to 3.9% in the three months to January. 275,000 jobs were added in February, more than doubling expectations, whilst the redundancy rate also fell to record lows.

      Sterling has recovered slightly this morning after testing the key 1.3000 level against the Dollar during the Asian session. The pair trades 0.17% higher at time of writing. Declines against the Euro have continued with GBPEUR down a further 0.3% this morning. The FTSE has tumbled on the London open, down 105 points as we print.

      EUR

      European stocks have declined as investors focus shifts to tomorrows Federal Reserve policy decision and concerns grow over the impact of the Ukraine/Russia conflict on growth and inflation across the bloc. The Stoxx Europe 600 lost 1% as of 08:01 GMT. Miners and energy sectors let declines as commodities retreated.

      Markets appear to be taking an optimistic approach to ongoing peace talks, with the Euro climbing 0.5% against the Dollar to trade above 1.1000 during the Asian session. Traders expect gains to be limited, as investors prepare for further policy divergence following tomorrows Fed meeting.

      USD

      US index futures fluctuated as the selloff in Chinese shares rocked global markets. US treasury yields extended gains with two and five year notes leading advances. The DXY trades 0.23% lower this morning, as positive sentiment over the Ukraine/Russia conflict grows.

      Traders have increased estimates for the number of rate hikes from the Fed this year, at one stage yesterday fully pricing in seven 25bps hikes this year.

      ASIA/PACIFIC

      Chinese stocks suffered a further sell-off during the Asian session amid growing concerns about the country’s relationship with Russia, ongoing regulatory pressures and increasing lockdown measures. The Hang Seng slumped over 6%, set to close at decade lows. The PBOC held interest rates and added further stimulus, despite several economists forecasting a cut.

      The yen has declined to fall to 5-year lows against the Dollar, as investors digest the likelihood of further policy divergence ahead of tomorrows Fed. USDJPY trades at 117.82 at time of writing.

      ILS
      USDILS continues to climb this morning, trading 1.1% higher on the week so far. The pair is trading at 3.2870 as we print. 
      Data & Events
      UK - Employment data
      France - Inflation Rate
      Germany/Euro Area - ZEW Economic Sentiment 
      US - PPI
             

    Risk Statement

    Trading in financial instruments may involve a high degree of risk and may not be suitable for all investors. Trading in financial instruments can result in both loss and profit. Investors should carefully consider whether financial instruments suit their needs, financial resources and personal circumstances.

    The information contained in this material is solely for informational purposes only and it is not and should not be construed as an offer or a solicitation of an offer to buy or sell any financial instruments and cannot be relied upon as a representation that any particular transaction necessarily could have been or can be effected at the stated prices. This material does not contrue advice.

    Contact Us

    For more analysis on FX markets or information regarding SVB's FX services:

    Contact your respective Global Market Risk Solutions Advisor.
    0800 023 1440 from within the UK
    +44 207 367 7880 from overseas

    See all of SVB's latest FX information and commentary.

    Subscribe to receive the Daily FX Update in your inbox.

    By providing your email address and clicking on the Subscribe button below, you consent to receive emails from Silicon Valley Bank for your chosen categories. You also consent to the terms of our Privacy Notice. If you have privacy questions, you may contact us at PrivacyOffice@svb.com. You can withdraw your consent at any time.

    Thank you for subscribing to SVB's Daily FX Update.

    You're almost done. Please check your email box and follow the instructions to confirm your subscription. If you did not receive an email please check your Spam or Bulk E-Mail folder just in case the confirmation email got delivered there instead of your inbox. If so, select the confirmation message and mark it Not Spam, which should allow future messages to get through. Please add us to your trusted list of senders, contacts or address book.

    Please note that we will continue to send you communications that we need to send you (for example, to keep you updated on operational changes to your account, a product or a service) or that we are required to send you by law.

     Source: Bloomberg
     

    © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).

    Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Silicon Valley Bank is a subsidiary of SVB Financial Group, a Delaware corporation and is an affiliate of SVB Financial Group UK Limited. SVB Financial Group UK Ltd is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. 5572575 and is authorised and regulated by the Financial Conduct Authority, with reference number 446159. SVB Financial Group and its subsidiary Silicon Valley Bank are members of the Federal Reserve System and Silicon Valley Bank is a member of the FDIC.

    FSCS Icon

    Your eligible deposits with Silicon Valley Bank UK are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information or visit http://www.fscs.org.uk. For more detailed information about coverage and limits, please review our FSCS Information Sheet at http://www.fscs.org.uk. 

    This material, including without limitation the statistical information herein, is provided for informational purposes only. The material is based in part upon information from third-party sources that we believe to be reliable, but which has not been independently verified by us and, as such, we do not represent that the information is accurate or complete. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decisions. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.

    Foreign exchange transactions can be highly risky, and losses may occur in short periods of time if there is an adverse movement of exchange rates. Exchange rates can be highly volatile and are impacted by numerous economic, political and social factors, as well as supply and demand and governmental intervention, control and adjustments. Investments in financial instruments carry significant risk, including the possible loss of the principal amount invested. Before entering any foreign exchange transaction, you should obtain advice from your own tax, financial, legal, accounting and other advisors, and only make investment decisions on the basis of your own objectives, experience and resources. Opinions expressed are our opinions as of the date of this content only. The material is based upon information which we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.

    Insights from SVB Industry Experts

     
    SVB experts provide our customers with industry insights, proprietary research and insightful content. Check out these related articles that may be of interest to you.

    Daily FX Update: Rishi Sunak sets out measures to address the cost of living crisis in the UK, Global stocks rally with the adjusted risk-on sentiment

     
    Read more

    Daily FX Update: Fed toying with restrictive policy stance.

     
    Read more

    Daily FX Update: Markets reassess rate hike estimates

     
    Read more

    Daily FX Update: US will intervene should China invade Taiwan

     
    Read more

    Daily FX Update:Biden's Asia trip focuses on trade and defense

     
    Read more

    Daily FX Update: UK consumer confidence at 48-year low

     
    Read more

    Subscribe

    Stay up to date on SVB

    Sign up now

    CONNECT WITH US

    Region:
    How We Help Clients
    • Startup Banking
    • Venture-Funded
    • Corporate Banking
    • Private Equity & Venture Capital
    • Industries We Serve
    • Fraud Prevention Centre
    Trends & Insights
    • Signature Research
    • Client Stories
    • Startup Insights
    About Us
    • Careers
    • Living Our Values
    • Newsroom
    • Investor Relations
    • Leadership
    • UK Subsidiary
    Contact & Support
    • Contact Us
    • Client Service & Support
    • Locations
    • Vendor Information
    FDIC Logo
    © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license.

    Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Financial Protection and Innovation (DFPI) and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

    Silicon Valley Bank is a subsidiary of SVB Financial Group, a Delaware corporation. SVB Financial Group and its subsidiary Silicon Valley Bank are members of the Federal Reserve System and Silicon Valley Bank is a member of the FDIC.

    FSCS Icon Silicon Valley Bank is covered by the Financial Services Compensation Scheme and by the Financial Ombudsman Service. In relation to the Financial Services Compensation Scheme, please ensure that you review the important information on depositor preference that affects clients of Silicon Valley Bank in the UK. Details of Silicon Valley Bank's UK Branch remuneration policies are here.
    Terms of Use • Privacy • Cookies • Complaint Handling Procedures • Modern Slavery Act Transparency Statement • UK Branch Tax Strategy • Manage Email Preferences
    You are now leaving Silicon Valley Bank (SVB)
    You will be directed to a different website or mobile app that has its own terms of use, visitor agreement, security and privacy policies. SVB is not responsible for (and does not provide) any products, services or content at the third party site or app, except for products and services that carry the SVB name.
    I understand, let's proceed Stay on SVB.com