Compare & Save on FX - BestExchangeRates UK
How BestExchangeRates Saves you Money on FX
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.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track GBP rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular GBP Exchange Rates
Follow exchange rates via your personal BER Tracker Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
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.
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We compare exchange rates from major financial institutions in the United Kingdom.
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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.
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British pound market update
The British pound (GBP) continues to experience significant selling pressure, exacerbated by ongoing turmoil in the UK bond market. Recent concerns regarding low economic growth and a rising debt burden have unsettled investors, contributing to the pound's decline. While the gilt market showed signs of calmness later in the evening, shielding GBP from further losses, it still closed the day lower. With the absence of any major UK economic data releases today, analysts suggest that market focus may remain heavily on the bond landscape, raising the possibility that increased anxiety could push the pound down further.
Current price actions reflect a pronounced volatility in GBP against the USD, with the exchange rate at 1.2207—3.7% below its three-month average of 1.2679. The GBP has been trading in a stable yet wide range of 1.2176 to 1.3052 during this period. Comparatively, sterling has dipped to 90-day lows against the Euro (EUR) at 1.1848, which is 1.4% below its three-month average of 1.2014, and against the yen (JPY) at 193.0, down 1.2% from its average of 195.3. Analysts note that the volatility in the pound is primarily driven by broader economic uncertainties, including ongoing post-Brexit negotiations and external market pressures, which could lead to significant ripple effects across other currency pairs, particularly the euro and yen. Expecting GBP to demonstrate momentum-driven characteristics, market participants remain wary, keeping a close watch on future developments in the UK economic landscape.
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.