Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
UkForex Foreign Exchange Transfers
Compare Hotel Deals
Quick Calc

Compare Foreign Exchange Rates | Banks & Online Currency Brokers

         Intn'l Transfer Rates            Foreign Cash/Travel Money

GBP/USD Exchange Rate

GBP 1.00 = USD Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers & Travel Cash/Cards   Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers and Travel Money/Card transactions. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.
Save Time & Money - Compare Bank & Broker Foreign Exchange Rates for :
Overseas Bank Transfers     Travel Money & Cards

Friday, 28 November 2014 - Market Commentary
Daily currency news provided by UkForex

: The dollar recovered yesterday as investors decided to lock in some profits after the run of weak US data on Wednesday. There wasn’t any data yesterday from America as it was a public holiday. There wasn’t much by way of UK economic data either meaning there was nothing to stop the dollar bids gathering momentum. GBP/USD has fallen from 1.58+ since yesterday morning and opens at 1.5685 today. In other news yesterday, OPEC announced that it would be leaving production quotas unchanged and the price of oil fell again, down to $68 a barrel. The oil-production linked currencies, such as the CAD, felt the impact. In terms of data, it’s a similar day to yesterday – there’s nothing due from either the UK or US – GBP/USD opens at 1.5685.
We expect a range today in the GBP/USD rate of 1.5650 to 1.5745
: The dollar has strengthened vs. the euro too. After starting the European session yesterday at 1.2520 the pair has since fallen to a low of 1.2430, where it opens this morning. German CPI (inflation) data printed in line with market expectations yesterday, although it was still flat at 0.0% m/m. German Unemployment Change was slightly more positive, showing that the country’s jobless rate fell to a record low in November by 14,000. It provided a slight boost to the single currency in the morning but then as the day went on, USD bids dominated. European inflation data is due today and will be eyed closely. German retail sales and French Consumer Spending data have already been released this morning, the latter coming in weaker than forecasts and the former stronger.
We expect a range today in the GBP/EUR rate of 1.2570 to 1.2655
⇒ view full report Charts : EUR/USD EUR/AUD EUR/JPY EUR/CHF EUR/CAD EUR/CNY
: Both AUD and NZD have fallen vs. the dollar, although this doesn’t come as a huge surprise given the broad dollar strength. ANZ consumer confidence data from NZ was stronger than last month’s reading but it didn’t do the kiwi any favours and it continued to drift lower through the overnight session. Both GBP/AUD and GBP/NZD are slightly higher as a result and open the London session at 1.84465 and 2.0020.
We expect a range today in the GBP/AUD rate of 1.8390 to 1.8520
We expect a range today in the GBP/NZD rate of 1.9890 to 2.0080
⇒ view full report
After a previous few trading sessions where the US dollar has taken centre stage last night the Euro stepped into the limelight with an array of high impact data being released. The main announcement was the German inflation figures which disappointed showing the data almost touching 5 year lows. The CPI numbers will bring additional stimulus talks back to the forefront as they have been previously mentioned as an example of an aggressive policy to get the Eurozone’s economy back on track. The Euro continued to fall as ECB president Draghi weighed in continuing to mention the ECB will use whatever is needed to spur growth in the struggling Eurozone. The EUR opens this morning just under half a cent weaker against the US dollar and with Thanksgiving in the US today investors will watch another string of Eurozone releases mainly the CPI flash estimate for direction.
Data releases: 
Private Sector Credit m/m
Building Consents m/m, ANZ Business Confidence
Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment Rate, Prelim Industrial Production m/m, Retail Sales y/y, Housing Starts y/y
GfK Consumer Confidence, Nationwide HPI m/m
⇒ view full report Charts : USD/EUR EUR/USD USD/JPY

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

Top Five Tips for Buying Property Overseas from the UK

Whatever your motivation for buying overseas property, the following top five tips can help assure that you have a more positive experience in doing so. ⇒ read article

BestExchangeRates in the Money

“A check with the foreign-exchange comparison website shows a big variation in the exchange rates available when sending money and buying cash.” ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook