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Full Rates & Charts

Interbank Market rate - GBP/USD

Bid Ask
13:08
1.3814 / 1.3815
Low High
24h 1.3755 - 1.3846
Week 1.3416 - 1.3854
For information purposes onlyFor informational purposes only. Please read Terms of Use for further information.

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Daily Commentary

Tuesday, 27 March 2018

Nick Parsons

Tuesday 27 March



Great British Pound

The British Pound had a decent start to the week, even if its performance against the US Dollar gives a much-exaggerated picture of its overall strength. GBP/USD opened around 1.4135 and, along with most other currencies, rose steadily and without interruption through the day. By lunchtime in New York, the pair had reached a best level around 1.4245; its highest since the day of the US non-farm payroll figures back on February 2nd. The seven-tenths of a percent increase for GBP/USD compares with 0.5% for GBP/CAD and 0.3% for GBP/AUD, whilst GBP/EUR and GBP/NZD were little changed on the day. The overnight session in Asia has been very quiet indeed: just 15 pips separated the high and low of GBP/USD and no currency pair is more than 0.2% away from last night’s close.

Latest figures show that mortgage approvals fell 11% m/m in February to 38,120, well below consensus expectations for around 39k. UK Finance who compile the data said more home-owners were seeking remortgaging deals ahead of expected further interest rate rises by the Bank of England later this year. “We are also seeing a continuing rise in credit card ... read more


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