British Pound Sterling Daily Market Updates with latest GBP exchange rates, charts and rate changes in the major GBP cross currency pairs for day, week and quarter periods. This allows you to take advantage of any market moves as well as the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.
Currency rates were extremely volatile last week as the coronavirus situation worsened day by day with various countries implementing ever-tougher measures to stop the spread of the disease.
Last update: 23 Mar, 2020
This week the US Dollar was touching three-year highs when valued against a basket of major currencies. The greenback’s traditional role as one of the safe-haven currencies is helped by a domestic economy that is largely immune to the threats of the coronavirus.
Last update: 22 Feb, 2020
The strong start to the year for “risk-on” currencies is already a distant memory.
Posted: 3 Feb, 2020
The threat of a proxy war between the US and Iran in Iraq has pared back some of the recent gains of “risk-on” currencies.
Last update: 8 Jan, 2020
Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.
Last update: 7 Jan, 2020
The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.
Last update: 7 Jan, 2020
The British pound was the worst-performing major currency in the April-June period and remains “impossible to forecast” amid a Tory leadership battle that might force “no deal” or a general election.
Last update: 30 Jun, 2019
With AUD-THB at a 10-year low, Australians travelling this year to Thailand’s wildly popular resorts are facing holiday costs 50 percent higher than those paid in 2012. With exchange rates as they are, those in Oz are choosing better-value destinations.
Last update: 23 Jun, 2019
Lifted by oil, economic data and the Fed, the Canadian dollar has soared against the US dollar to a 16-week high and has reached even more impressive milestones against the pound, euro and Australian dollar.
Last update: 20 Jun, 2019
New research from the European Central Bank shows that banks charge smaller customers up to 25 times more for FX forward transactions and that those who fail to compare providers pay 14 times more for FX than those that do.
Last update: 17 Jun, 2019
The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.
Last update: 15 Jun, 2019
The UK economy is shrinking, as is the pound, which is buying less than 1.12 euros for the first time since mid-January. Investors are becoming increasingly unsettled over Brexit, particularly with Boris Johnson a hot favourite to become the UK’s next prime minister.
Last update: 11 Jun, 2019
Investors dumped the US dollar on Friday after US jobs data came in well short of estimates and cemented expectations for lower US interest rates. In the coming months, the greenback might maintain its value based on safe haven inflows and looser monetary policies in other parts of the world.
Last update: 7 Jun, 2019
The Australian dollar remains stable in the high US$0.69s following the RBA’s decision on Tuesday to cut Australian interest rates to a record low of 1.25 percent.
Last update: 4 Jun, 2019
ANZ has slashed its Q4 2019 forecast for the Australian dollar to $0.65, from $0.70, citing the “enduring” nature of the US-China trade war as its reason to be bearish.
Posted: 1 Jun, 2019
A “no deal” Brexit remains highly unlikely according to experts at Goldman Sachs and ING, and as such the pound is grossly undervalued and could rise strongly from current levels.
Last update: 31 May, 2019
The currencies of Malaysia and Singapore were trading at 6-month lows against the dollar on Wednesday following news that the US had added the Southeast Asian nations to its watchlist of suspected currency manipulators.
Last update: 29 May, 2019
The struggling Australian dollar will lose a further 5 percent of its value against the US dollar and pound before the year is out, and 3 percent against the euro and New Zealand dollar, Westpac predicted on Friday.
Last update: 25 May, 2019
The British pound fell on Wednesday for a record thirteenth consecutive day against the euro. The currency is taking a Brexit-induced beating days before May’s half-term school break — a popular time in the UK for family holidays.
Last update: 25 May, 2019
The Australian dollar is now worth only 68.6¢ after another week of heavy losses, and now one senior analyst has predicted exchange rates in the “mid-60s” this year – rates not seen since 2009.
Posted: 18 May, 2019
The British pound fell on Wednesday towards a 3-month low against the euro and US dollar as attention turned back to Brexit and after lower-than-expected wage growth lessened prospects for a Bank of England rate hike.
Last update: 15 May, 2019
The US-China trade war is hotting up and that’s bad news for the Australian dollar, which slipped on Monday to a 4-month low against the dollar, euro and yen.
Last update: 13 May, 2019
The Canadian dollar might be worth considerably more towards the end of this year based on research by Scotiabank analysts who describe the currency as being “egregiously” undervalued.
Last update: 13 May, 2019
The RBA left interest rates on hold at 1.5 percent on Tuesday, spurring big gains for the Australian dollar, which had slipped beforehand to long-term lows against several major currencies. Roughly half of economists had expected rates to be cut by 25 basis points.
Last update: 7 May, 2019
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Last update: 1 Jul, 2019
Seasonal weakness, election uncertainty, strong technical support and oil market complications should be more than sufficient to spur an AUD/INR rally into mid-year.
Last update: 10 May, 2019
Constructive Brexit talks between UK politicians have imparted a sense of renewed optimism that has lifted the British pound to a 2-week high against the dollar and to a 3-week high against the euro.
Last update: 3 May, 2019
The case for an interest rate cut by the Reserve Bank of Australia will be “indisputable” by August, Westpac said on Monday, but despite economic pessimism, the Australian dollar refuses to weaken below US70¢.
Last update: 29 Apr, 2019
A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.
Last update: 25 Apr, 2019
The Swiss franc continued its shocking run of form on Tuesday, slipping against the euro to its weakest level in 6 months.
Last update: 23 Apr, 2019
HSBC has reaffirmed its US66¢ year-end forecast for the Australian dollar, thereby signalling an upcoming 8 percent slide in the world’s fifth most traded currency.
Last update: 22 Apr, 2019
What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.
Last update: 18 Apr, 2019
The Australian dollar is forecast to climb to US$0.74 in the coming months, supported by a commodities boom that has seen the price of Australia’s largest export, iron ore, climb to a 5-year high.
Last update: 15 Apr, 2019
With the chance of a 2019 Brexit now reduced to 50 percent, the pound’s value is likely to remain capped for the time being, most likely near US$1.34, experts say. On the downside, US$1.24 is likely should the latest Article 50 extension be used to hold a UK general election.
Last update: 7 Jun, 2019
The euro hasn’t traded as low as US$1.08 since the early portion of 2017, but that’s where we’re heading within the next 3 months, analysts at ANZ believe.
Last update: 7 Apr, 2019
The Australian dollar-New Zealand dollar exchange rate rose on Friday to a 10-week high as traders continue to make bets on monetary policy divergence between the RBA and RBNZ. Even higher rates are expected by teams at TD Securities and Societe Generale.
Last update: 5 Apr, 2019
Research has highlighted the popularity of bitcoin for large payments, including those across borders. By transaction volume, bitcoin has nearly caught up with Mastercard and may in future overtake the market leader, Visa. In the markets, bitcoin’s sudden surge earlier this week is yet to be explained.
Last update: 4 Apr, 2019
Goldman Sachs is backing British MPs to soon find a way through the current political deadlock, after which a “big finish” is expected by the British pound. Meanwhile, pessimism surrounds the Australian and New Zealand dollars, both of which have fallen to multi-week lows.
Last update: 2 Apr, 2019
For much of this year, banks have been betting on further Australian dollar deprecation, but after last week’s RBNZ shocker, they have also given a thumbs down to the New Zealand dollar.
Last update: 30 Mar, 2019
The New Zealand dollar plummeted on Wednesday after the RBNZ said its next move on interest rates was likely to be a cut.
Last update: 27 Mar, 2019
Developments this week make a “benign Brexit outcome” the most probable and offer reason enough to be favouring British pound appreciation for the foreseeable future, analysts at Bank of America Merrill Lynch have said.
Last update: 26 Mar, 2019
Given what should have been obvious advantages, the Australian dollar’s inability to gain against the US dollar last week is an ominous sign that suggests further Aussie depreciation in the near term.
Last update: 26 Mar, 2019
The US dollar crumbled on Wednesday after the Federal Reserve signaled it would keep interest rates unchanged throughout 2019, thereby backtracking on the two rate hikes it predicted in December.
Last update: 20 Mar, 2019
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Last update: 16 May, 2019
Amid declining interest, the Chicago Board Options Exchange, or CBOE, has announced it will no longer offer bitcoin futures contracts once current contracts expire in June.
Last update: 19 Mar, 2019
A slight advance in AUD/USD this week to $0.705 is hardly cause for celebration; however, the stability this represents following 3 weeks of losses would normally signify reduced currency pessimism—in this case, it doesn’t even do that.
Last update: 19 Mar, 2019
The pound fell rapidly away from long-term highs on Tuesday morning after Britain’s Attorney General said that the “legally binding” assurances secured on Monday night by Theresa May merely “reduced the risk” of the UK being trapped in a permanent backstop.
Last update: 19 Mar, 2019
US jobs growth of only 20,000 in February, versus expected growth of 180,000, has allowed rest-of-the-world currencies to claw back ground against the US dollar which, until Friday, had been on a stellar run.
Last update: 9 Mar, 2019
After a friendless Friday, the Canadian dollar has continued to lose value at the start of the new week. Now worth C$1.332 per USD, the loonie is at a 12-day low, but it has far further to fall if CIBC’s fair value estimation of C$1.4 is anything to go by.
Last update: 4 Mar, 2019
Investors should expect the Australian dollar to face “global scrutiny” and “material downward pressure” should conditions in Australia’s housing market continue to deteriorate, JP Morgan’s head of FX has said.
Last update: 2 Mar, 2019
The British pound has hit a 21-month high against the euro following increased speculation of a delayed Brexit and after Britain’s opposition party leader said he would now back a second referendum on EU membership.
Last update: 26 Feb, 2019
The British pound was in high demand on Tuesday ahead of an important meeting between British PM Theresa May and EU officials, at which investors are hoping for a Brexit breakthrough.
Last update: 23 Feb, 2019
Those intending to pick up euros this week should consider heeding warnings offered by MUFG. The bank expects the euro to move towards cheaper levels in the coming days and it would therefore be unwise to pay rates offered on Monday.
Posted: 18 Feb, 2019
Against a basket of currencies, the US dollar struck an 8-week high on Tuesday after US lawmakers reached an agreement on border security funding and as hopes build for a breakthrough in US-China trade talks.
Posted: 12 Feb, 2019
Cryptocurrencies exploded on Friday for reasons not fully understood by analysts. Litecoin was among the day’s stars, gaining 30 percent. Brokers, though, remain skeptical about the rally’s sustainability.
Last update: 12 Feb, 2019
Further losses on Friday cemented the Australian dollar’s status as the week’s worst performing major currency. Depreciation has been driven by Australia’s central bank, which has slashed forecasts for 2019/20 economic growth and signaled it could lower interest rates.
Last update: 8 Feb, 2019
The pound rejected sub-US$1.29 levels on Thursday even after the Bank of England slashed growth forecasts, indicating underlying strength. Analysts say that the pound will rally to buy US$1.40 should Theresa May secure the EU concessions needed to pass her Brexit withdrawal agreement.
Last update: 8 Feb, 2019
With a number of Australian data releases, RBA statements and forecasts on the economic calendar, the Australian dollar is likely to be in the headlines this week, for good or bad.
Last update: 3 Feb, 2019
The pound is back trading in the US$1.30s after British MPs rejected a proposal to delay the UK’s exit from the European Union, which analysts say increases the likelihood of “no deal.”
Last update: 30 Jan, 2019
The Australian dollar was little changed on Tuesday despite what should be AUD-supportive remarks from an RBA board member. The Aussie remains subdued ahead of important inflation data, a Fed meeting and a second round of trade talks between the US and China.
Last update: 29 Jan, 2019
The US dollar recorded its largest one-day fall in nearly 3 months on Friday as the attention of traders turned back towards an increasingly cautious Federal Reserve.
Last update: 26 Jan, 2019
Within recent days, a host of experts have cut forecasts for the Australian dollar, indicating a new wave of pessimism on what is already the past year’s worst-performing major currency.
Last update: 7 Jun, 2019
The euro is under siege following disappointing data and news this week that Germany barely escaped a recession in 2018. The ECB will now wait longer before raising interest rates, analysts say; however, EUR/USD will still end the year higher. In South Africa, a prediction by the country’s central bank that interest rates will be raised only once before 2021 put an end to the rand’s great start to the year.
Last update: 19 Jan, 2019
Despite a crushing defeat for Prime Minister May’s Brexit deal on Tuesday night and a motion of no confidence tabled against the British government—which the government survived on Wednesday—the pound is close to multi-week highs. In emerging markets, the Thai baht remains an outperformer.
Last update: 17 Jan, 2019
Ahead of Tuesday’s “meaningful vote” on the Brexit withdrawal agreement, the British pound has strengthened to a 7-week high against the dollar—evidence that investors are increasingly optimistic that a soft Brexit can be achieved.
Last update: 17 Jan, 2019
Late last week, EUR/USD failed to hold gains above $1.15, disappointing traders who had hoped for a big breakout. For 2019, experts still believe in higher EUR/USD rates, although the euro will likely lose value relative to the pound on any soft-Brexit options. In the short term, too, it may be in trouble.
Last update: 12 Jan, 2019
The Australian dollar has rallied strongly following last Thursday’s “flash crash” and, like the Canadian dollar, is expected to outperform its peers in the near term. Investors remain willing to take on risk but the US dollar remains soft. In Asia, the yuan is expected to weaken beyond ¥7 within the next 6 months.
Last update: 11 Jan, 2019
For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.
Last update: 7 Jan, 2019
2019 will be a good one for the British pound, thinks a foreign exchange analyst at SEB. Recent depreciation is overdone, the analyst says, and will be corrected once markets begin to price in the improbability of a no-deal Brexit. Investors should expect a GBP/EUR rally into the mid-€1.17s or higher.
Last update: 3 Jan, 2019
The US dollar was sold heavily on Thursday in the aftermath of midweek announcements by the Federal Reserve. Though the Fed raised US interest rates by 25 basis points, as widely expected, it lowered its expectations for rate hikes in 2019, to the disappointment of dollar investors.
Last update: 20 Dec, 2018
The Australian dollar continues to stagnate in the aftermath of Monday’s RBA meeting minutes and ahead of this week’s meeting of the US Federal Reserve. Barring surprises, the Aussie is likely to remain well supported against the British pound, Canadian dollar and Japanese yen.
Last update: 18 Dec, 2018
Against a basket of currencies, the US dollar climbed on Friday to an 18-month high as investors sought safer assets in the aftermath of disappointing economic and political developments in Europe and China. Given a growing consensus for dollar weakness in 2019, now might mark an opportune moment for exchanging dollars into foreign currency.
Last update: 14 Dec, 2018
The Australian dollar has offered broad stability in recent days—a welcome change from last week’s sharp decline. The Aussie will likely trade higher over the coming months, Goldman Sachs has said, although anything goes for AUD/GBP on Wednesday as a vote of no confidence in the British Prime Minister takes place.
Last update: 12 Dec, 2018
The British pound was hammered on Monday following news that a House of Commons vote on the proposed EU withdrawal agreement has been cancelled. Against the US dollar, sterling fell to its lowest level since April 2017.
Last update: 10 Dec, 2018
Credit Agricole is seemingly rolling the dice on the British pound ahead of a hugely important vote in the House of Commons on Tuesday—a vote that will likely shape the nature of Brexit. Via the options market, the French bank is betting on an increase in the pound’s value.
Last update: 22 Dec, 2018
The British pound weakened against all major currencies on Thursday, a day after the Bank of England offered a stark warning on Brexit. Under a “no deal” outcome, sterling will lose between 15 and 25 percent of its value, the Bank said.
Last update: 29 Nov, 2018
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Last update: 13 Feb, 2020
Weakness in the Australian dollar since Friday is to be short-lived, experts at National Australia Bank have said. A rally in AUD/USD to 0.74 is on the cards, as are politically-driven moves in EUR/GBP and EUR/CHF towards 0.92 and 1.2.
Last update: 20 Nov, 2018
The Australian dollar is benefitting from disarray in Europe and upbeat employment data. The day’s biggest news comes from Europe, though, where the British pound suffered one of its largest intraday declines in recent years following the resignation of the UK’s chief Brexit negotiator.
Last update: 15 Nov, 2018
The Australian and New Zealand dollar currencies were way out in front this week on the list of top performing FX majors. The Canadian dollar, meanwhile, continues to suffer from what is now a technical bear market in crude oil. Sterling is again under Brexit-related pressure amid reports of potential UK ministerial resignations.
Last update: 9 Nov, 2018
FX markets lacked volatility on Tuesday ahead of US midterm elections, the results of which will begin to trickle in after 7pm EST. November typically represents the best month of the year for USD and recent losses arguably offer a grab-it-now opportunity to get the currency at improved exchange rates.
Last update: 6 Nov, 2018
The mood was buoyant in foreign exchange markets on Thursday following news that the UK has achieved a deal with the EU on financial services that would give London’s banks continued access to European markets post-Brexit. Together with the pound, currencies that benefit from the switch to “risk on,” like the Australian dollar and New […]
Last update: 1 Nov, 2018
Developments outside the US allowed for the dollar to appreciate against a basket of currencies to a sixteen-month high on Wednesday. The ICE-maintained US dollar Index, which provides a weighted-mean measure of the greenback’s value against the euro, British pound, Swiss franc, Canadian dollar, Japanese yen and Swedish krona, traded above 97.0 for the second […]
Last update: 31 Oct, 2018
The Canadian dollar received a significant boost on Wednesday after the Bank of Canada said it would “need to raise [interest rates] to a neutral stance to achieve the inflation target.” As widely expected, the BoC also hiked its benchmark rate by 25 basis points to 1.75 percent. The Canadian dollar strengthened by nearly a […]
Last update: 24 Oct, 2018
The British pound showed resilience on Tuesday in the face of data showing the fastest decline in UK manufacturing orders in three years. Pound uncertainty prevails, however, and a vote of no confidence in British P.M. Theresa May draws closer.
Last update: 23 Oct, 2018
All eyes on Wednesday will be on the meeting between EU leaders and British Prime Minister Theresa May in Brussels, at which some still hope a Brexit deal might be struck. Expect volatility in sterling and euro rates throughout the evening. Meanwhile, the Swedish krona continues to outperform in Europe on expectations for tighter Riksbank policy.
Last update: 23 Oct, 2018
This week’s flight from risky assets, evident from massive losses in equities, has yet to affect the risk-sensitive Australian dollar. The yen is firmer though, bitcoin has finally broken lower and options traders are paying up for protection against future sterling volatility.
Last update: 12 Oct, 2018
The Brexit-driven EUR/GBP exchange rate opened on Monday at a 3 ½-month low as investors continue to bet on the UK and EU striking a deal. Against the dollar, the euro will be worth as much as 13 percent more next year, according to a new forecast from ING.
Last update: 8 Oct, 2018
It’s no time to be brave with your British pounds, think foreign exchange experts at Crédit Agricole. “Stay conservative; avoid GBP,” the bank’s research team wrote on Tuesday. The pound has had a mixed year. As of writing, its 3.9 percent year-to-date loss against the US dollar ($1.299) is balanced by a 5.2 percent gain […]
Last update: 3 Oct, 2018
A gain last week of 1.9 percent marked the Australian dollar’s best weekly performance versus the US dollar since December. The Aussie rebound continued with a touch of the $0.73 handle on Friday. Australia’s currency had been worth less than $0.71 just 10 days earlier. It settled for the week at $0.7285. Further to gains […]
Last update: 22 Sep, 2018
The British pound has been sold widely on Friday following Thursday’s comprehensive rejection by EU leaders of the UK’s proposed Brexit deal—the “Chequers” plan. The Chequers plan, which outlines terms for the UK’s departure from the EU and which includes a “combined customs territory” on the Irish border, “would not work,” said European Council President […]
Posted: 21 Sep, 2018
There was widespread relief among emerging market investors on Thursday after the Turkish central bank finally raised interest rates to protect the embattled lira. Elsewhere, the dollar lost value for a fourth consecutive day and ethereum stabilized after a ten-day fall.
Posted: 13 Sep, 2018
The Norwegian krone was the best performing G10 currency on Monday. The krone benefitted from better-than-expected inflation data and an uptick in European sentiment that followed this weekend’s Swedish election and Michel Barnier’s prediction that a Brexit deal will be concluded within 6-8 weeks.
Last update: 13 Sep, 2018
The euro fell sharply against the British pound on Friday after the EU’s chief Brexit negotiator, Michel Barnier, said he was determined to strike a deal with the UK. A near-perfect Head and Shoulders pattern now indicates a move in EUR/GBP into the high 0.87s.
Posted: 7 Sep, 2018
The currency situation in Argentina is becoming desperate. In a single three-hour period on Thursday, the Argentine peso shed 19 percent of its value as it slid to 41.47 to the dollar. The peso had already lost 45 percent since January. With the peso’s spiral downwards, default risk in Argentina moves ever higher, resulting in […]
Last update: 31 Aug, 2018
Pound Sterling (GBP) Exchange Rates Fall as No-Deal Brexit Detailed Pound (GBP) exchange rates weakened on Thursday afternoon after the UK government published papers revealing what a no-deal Brexit would spell for the economy, leaving GBP investors cold. Sterling thereafter saw a mass sell-off, despite the currency gaining in markets following the CBI distributive trades […]
Posted: 24 Aug, 2018
Pound Sterling (GBP) Exchange Rates Range-Bound as Brexit Doubt Plagues Markets The Pound (GBP) was trading in a narrow range against most major currencies during Wednesday’s session as Brexit jitters plagued markets, effectively muting Sterling gains. GBP may again struggle to attain momentum today if Brexit uncertainty persists, with politicians coy and economists split on […]
Posted: 23 Aug, 2018
Pound Sterling (GBP) Exchange Rates Advance amid Brexit Uncertainty The Pound (GBP) showed signs of flipping its fortunes during Tuesday’s session, with the currency strengthening against most of its major peers. Some analysts believed this to be due to a much-improved UK public borrowing figure for last month, although the boost to GBP came shortly […]
Posted: 22 Aug, 2018
Pound Sterling (GBP) Exchange Rates Unstable amid Lull in Brexit News The Pound (GBP) mostly fared well on Monday thanks to a stall in new Brexit headlines, with investors seemingly adopting the stance that ‘no news is good news.’ However, this lull for Sterling may not last unless concrete progress is made in Brexit negotiations […]
Last update: 21 Aug, 2018
Pound Sterling (GBP) Exchange Rate Woes Exacerbated by Brexit Fears The Pound (GBP) had a difficult end to Friday’s session as Brexit re-entered the limelight, seeing Sterling exchange rates show signs of a downturn. Following the continuation of Brexit talks on Thursday, Danish Finance Minister Kristian Jensen expressed concerns that the UK might not strike […]
Posted: 20 Aug, 2018