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 1.2320 is 2.0% above its 90-day average 1.2074 with range 1.1162-1.2427. GBP to USD
GBPUSD is down around 15 percent this year and hit an all-time low (since decimalisation in 1971) in late September of 1.03 (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the previous (new) chancellor.
The Bank of England has joined the global fight against inflation, but has raised rates by less than the US Federal Reserve.
So it seems the BoE’s gloomy economic forecasts has increased pressure on Sterling.
GBP to EUR at 1.1324 is 1.0% below its 90-day average 1.1444 with range 1.1253-1.1673. GBP to EUR
In October, the GBP/EUR rate is still well down from the 1.20 levels, seen at the start of the year, to the 1.13-15 levels (1 EUR = 0.88 GBP).
This is some achievement given the Euro itself has been under heavy pressure itself from impact on gas prices by the war in Ukraine.
The BoE’s (UK central bank) gloomy economic forecasts has also increased pressure on Sterling.
GBP to AUD at 1.7418 is 2.1% below its 90-day average 1.7794 with range 1.7314-1.8245. GBP to AUD
In the first quarter 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.
Since then the pound to Aussie rate has fluctuated around the 1.76 level (1 AUD = 0.56 GBP), except for a drop to 1.60 when the market rejected the new UK chancellors controversial tax policies.
GBP to INR at 100.8 is 1.9% above its 90-day average 98.89 with range 92.29-102.5. GBP to INR
The Ukrainian crisis and its risks for European energy supplies have pushed the Pound down against the Rupee.
GBP/INR started dropping in February and by mid-year the pound to rupee exchange rate has settled around the 96 mark, well down from its highs around 104 in April last year.
Travel, Currency and Money saving tips for the United Kingdom