For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in the United Kingdom and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
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Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
The British pound (GBP) faced significant downward pressure in recent trading sessions, primarily due to rising concerns surrounding the UK bond market and geopolitical developments. Analysts note that the announcement of a 10% tariff on UK imports by U.S. President Donald Trump adds to the growing tension in global trade, which has contributed to a decline in investor confidence toward the GBP.
Among the most pressing issues for the pound is the surge in UK borrowing costs, with yields on 30-year government debt climbing to their highest levels since 1998. This steep increase in borrowing costs poses challenges for the UK government in sustaining economic growth while adhering to its fiscal rules, further exacerbating fears of an economic slowdown.
BestExchangeRates.com keeps you up-to-date on British pound forecasts by collating the views of reliable FX forecasters and economists together with recent GBP price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
Recent popular articles from our research team
The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the Wise Account, the WorldFirst World Account, and the OFX Global Currency Account.
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