If you are planning a trip to the United Kingdom you can save significant amounts by using a multi-currency card or order foreign cash online for better currency exchange rates.
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Buy British Pounds
Best Exchange Rates makes it easy to compare retail FX rates from trusted, regulated currency exchange specialists to use when you Travel and Spend abroad.
British Pound Trends & Forecasts
GBP to USD at 1.2629 is 1.9% below its 90-day average 1.2873 with range 1.2197-1.3418. GBP/USD RatesIn mid May the GBP/USD exchange rate dropped below 1.22 after the Federal Reserve raised interest rates combined with the continuing impact of the Ukraine war on commodity prices.
The UK central bank raised rates by 25bps contrasting with the rate hike of 50bps by the US Federal Reserve. In conclusion, the BoE’s (UK bank) gloomy economic forecasts increased pressure on Sterling.
GBP to EUR at 1.1768 is 1.2% below its 90-day average 1.1905 with range 1.1651-1.2109. GBP/EUR Rates
The BoE’s (UK central bank) gloomy economic forecasts has increased pressure on Sterling. In early May the pound plummeted when the BoE raised rates by just 25bps contrasting with the rate hike of 50bps by the US Federal Reserve.
GBP to AUD at 1.7636 is just below its 90-day average 1.772 with range 1.7254-1.8598. GBP/AUD Rates
In February and March the GBP/AUD exchange rate dropped on the impact of the Ukraine situation on commodity prices — this was good for AUD and bad for GBP.
During April and May the pound-aussie rate improved back towards 1.78, but as we move through 2022 the prospect of more Australian interest rate rises sooner than expected could also boost the Aussie dollar vs Sterling.
GBP to INR at 98.12 is just below its 90-day average 98.5 with range 94.44-101.3. GBP/INR RatesThe Ukrainian crisis and its risks for European energy supplies have pushed the Pound down against the Rupee.
From the end of the April and into May the GBP/INR exchange rate has dropped to below the 95 mark, well down from its highs around 104 in April last year.