As interest rate differentials widen in Sterling’s favor, GBP pairs will likely push higher for the foreseeable future. Compared to the previous close exchange rate, US Dollar 🔻decreased by -0.31% (-0.105) vs. British Pound Sterling. Feel free to try converting the currency rate in reverse from US Dollars to Pound Sterlings.
These are the average exchange rates of these two currencies for the last 30 and 90 days. The IGCS gauge shows that about 26% of retail traders are net-long EUR/USD. Since most are biased to the downside, this suggests that the Euro may rise ahead. This is as upside positioning declined by 31.21% and 50.08% compared to yesterday and last week, respectively.
With the currency converter, you can convert 26 British Pounds to Dollars and find out how much twenty-six pounds is currently worth in Dollars. Also, you can make a reverse calculation and find out the current value of 26 Dollars in British Pounds. From December 19th, 2022, this website is no longer intended for residents of the United States. Next Wednesday sees the latest UK inflation report released, and this may change the dynamic.
GBP/USD is up nearly 27% since late September after ex-PM Liz Truss’s economic policies threw Sterling into a tailspin. Around half of GBP/USD’s gains are due to US dollar weakness but GBP strength over the past week has helped force the pair back to levels last seen around 15 months ago. Cable has had its best week since November 2022, and while the daily chart remains positive, the pair are in heavily overbought territory according to the CCI indicator. GBP/USD may well have a short-term consolidation phase ahead of next week’s inflation data.
With that in mind, the combination of overall and recent changes offers a stronger bullish contrarian trading bias. The British Pound to Dollar exchange rate on the chart allows you to track changes over different periods and draw conclusions about possible forecasts of the exchange rate of one currency in relation to another. The cost of 26 British Pounds in United States Dollars today is $34.04 according to the “Open Exchange Rates”, compared to yesterday, the exchange rate decreased by -0.31% (by -$0.0040). The exchange rate of the British Pound in relation to the United States Dollar on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. USD/JPY deepened losses on Thursday, dragged down by falling U.S.
In the event of a turn lower, keep a close eye on the broader rising trendline from September. While market expectations remain in a state of flux, rapidly softening price pressures in the economy could nudge the Fed to end its tightening campaign sooner than projected. This means that the fully discounted quarter-point hike for the July FOMC meeting could be the last of the cycle before a long pause, a situation that could undermine the U.S. dollar in the FX space. The chart will help visually assess the oscillation between the GBP and the USD, and analyze the data for the last year. Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money.
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With that in mind, the combination of overall positioning and recent changes in exposure offers a stronger bullish contrarian trading bias. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. The latest US inflation report showed price pressures easing by more than anticipated, a much-needed boost for the Federal Reserve as they continue to tackle inflation.
You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1. The British Pound closed at its strongest level against the US Dollar since April 2022. That has brought GBP/USD to the 1.3 inflection point, which held as key resistance. Confirming a push above this price exposes late-March 2022 highs.
British Pound to US Dollar Exchange Rate Chart
Bank of England governor Andrew Bailey has been saying for months now that UK inflation will soon fall sharply but, as yet, inflation remains high. Headline inflation is seen falling to 8.2% in June from 8.7% in May, while the closely watched core inflation rate is seen unchanged at 7.1%. And deviation lower by one, or both, of these measures, may see Sterling fade lower from its current levels. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider.
- These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods.
- Create a chart for any currency pair in the world to see their currency history.
- This means that the fully discounted quarter-point hike for the July FOMC meeting could be the last of the cycle before a long pause, a situation that could undermine the U.S. dollar in the FX space.
- Check out the market overview
for even more real-time currency quotes or try to apply technical analysis tools on interactive charts.
Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods.
Xe Currency Charts
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish https://g-markets.net/helpful-articles/the-difference-between-hammer-inverted-hammer-doji/ contrarian trading bias. The IGCS gauge reveals that about 29% of retail traders are net-long GBP/USD. Since most traders are biased lower, this hints prices may continue rising. This is as downside exposure increased by 5.02% and 32.14% compared to yesterday and last week, respectively.
Yesterday’s release sent US Treasury yields tumbling further as traders continue to price in a potential ’one and done’ on US rate hikes. The Fed is fully expected to hike rates by 25 basis points later this month, but with inflation easing, they may have more room to leave rates unchanged in the months ahead. The recent sell-off in bond yields and US dollar weakness support the peak rate idea. The rate-sensitive two-year UST has shed 40 basis points in the last week. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
We give you the real rate, independently provided by Reuters. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Check live rates, send money securely, set rate alerts, receive notifications and more. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs.
EUR/GBP Daily Price Chart – July 13, 2023
Converter X provides up-to-date exchange rates on global currencies. Check out the market overview
for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. This is the page of currency pairs, US Dollar(USD) convert to British Pound Sterling(GBP). Below shows the current exchange rate of the currency pairs updated every 1 minutes and their exchange rates history graph.