US Dollar to Britain STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
US Dollar to Britain STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available within the foreign exchange markets.
US Dollar to Britain STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
US Dollar to Britain STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
This Dollar to Pound conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available within the foreign exchange markets.
The Pound US Dollar (GBP/USD) exchange rate managed to waver higher this morning, despite some troubling UK GDP data.
As the session unfolds, it may be increasingly hard for GBP/USD to sustain its upside. A risk-off market mood and Federal Reserve speakers could add to the poor UK GDP data and push the Sterling lower.
USD2GBP USD vs GBP USD to GBP
1 USD to GBP
1 USD to GBP
US Dollar to GBP STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
10 USD to GBP
10 USD to GBP
US Dollar to GBP STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
100 USD to GBP
100 USD to GBP
US Dollar to GBP STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
1000 USD to GBP
1000 USD to GBP
US Dollar to GBP STERLING POUND Exchange Rate, USD2GBP USD vs GBP USD to GBP
Pound (GBP) Exchange Rates Rise despite Poor GDP usdgbp usdvsgbp
The Pound (GBP) managed to firm against the US Dollar (USD) this morning,
despite disappointing results from the UK’s latest GDP data.
UK economic growth in February was slower than economists had expected,
coming in at 0.1% rather than the forecast of 0.3%. This was a sharp slowdown from January’s impressive 0.8% GDP growth.
The poor data was primarily caused by a 5.4% slump in car production due to component shortages.
Economists commenting on the results say that the Ukraine war and cost-of-living crisis are increasing the risk of a recession in the UK.
The pound sterling, known in some contexts as the British pound,
the pound, or sterling, is the official currency of the United Kingdom, Jersey, Guernsey,
the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands,
the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence.
USD2GBP
The opening of the American session of the global currency market on Thursday witnessed a clear reluctance of investors to an appetite for risk,
pushing the commodity currencies towards incurring losses,
but the losses of the British pound continued today as well,
topping the currency market, and outweighing the losses of the commodity currencies.
4 of the eight major currencies traded in the market declined,
and their losses ranged between 0.6% and 2.72%,
and their order in the list of losing currencies from largest to smallest was as follows:
The British pound leads the currency market’s losses for the third consecutive session
The British currency continued to expand its losses in the currency market,
as its losses topped the forex market for the third day in a row, and the American session opened with a decline of 2.72% against the other major currencies.
USD vs GBP
This sharp decline is mainly due to the severe economic crises that Britain is facing in light of the continuing energy crisis in Europe,
and expectations of a recession in the British economy this year.
Although the new government has announced a huge energy price support plan for British families,
it will cost the state huge sums,
which exposed the pound to widespread selling that pushed it to witness sharp declines to record levels in the recent period,
forcing the Bank of England to intervene to buy bonds and currency support.
Despite these measures, one of the surveys conducted by Reuters this week indicated the expectations of investors that the pound sterling will fall against the US dollar at the parity level by the end of this year.
The New Zealand dollar is the second losing currency
The New Zealand dollar witnessed a significant decline today,
despite the release of the monetary policy decision of the Reserve Bank of New Zealand yesterday, in which the central bank raised interest rates by 50 basis points for the fourth time in a row.
However, investors’ aversion to risk in the currency market today pushed the New Zealand Kiwi to incur losses, pushing it down 1.63% against the other major currencies.
USD to GBP
The Canadian dollar is in third place among the losing currencies
The Canadian currency opened the US currency market session today as well,
as it was affected by the decline in Brent crude prices, despite the decision of OPEC + yesterday to cut production by 2 million barrels,
and the sharp decline in the Canadian trade balance exposed the Canadian dollar to major selling that pushed it to decline by 1.23 % against other major currencies in the market.
The Australian dollar is the least affected currency
The Australian dollar opened the American session of the currency market, with the lowest losses among the major currencies,
as it fell by 0.60% against other currencies,
as its losses continued after the Reserve Bank of Australia’s decision on Tuesday to raise interest rates by 25 basis points only, after the markets were expecting a 50 basis points hike.
New York, USA (CNN)– The British pound fell to an all-time low against the US dollar at $1,035 on Monday, down more than 4%.
That decline coincided with the opening of trading in Asia and Australia on Monday,
adding to its 2.6% decline from Friday, and spurring expectations that the pound could fall to parity with the US dollar in the coming months.
The currency’s unprecedented decline came after British Chancellor of the Exchequer Kwasi Quarting announced on Friday that the UK would impose its biggest tax cuts in 50 years at the same time as it boosted spending.
New fiscal measures to cut taxes, which include scrapping plans to raise corporate taxes and lowering maximum bonuses for bankers,
have been criticized by the opposition Labor Party, and even by members of the Conservative Party.
Former Conservative chancellor Lord Ken Clark criticized the tax cuts on Sunday, saying they could lead to the pound’s collapse.
“I’m afraid this is the kind that is usually tried in Latin American countries without success,” Clark said in an interview with BBC Radio.
See also: USD to Turkish Lira LIVE RATE
The British pound was affected by a series of weak economic data,
but it was also affected by the sharp rise of the US dollar, which has become a safe investment that sees inflows in times of uncertainty.
The UK’s economic outlook indicates that the British pound is suffering the most,
with a catastrophic energy crisis and the highest inflation among the G7 countries.
The previous record low of the pound sterling against the US dollar was 37 years ago on February 25, 1985, when one pound was equal to $1,054.
pound sterling live
