Currency Converter GBP to USD By Date

As of 2015-08-11 00:49 UTC currency converter GBP to USD By Date.

1 British Pound equals 1.56 US Dollar, currency data that easily integrates with your current ERP, Mid-market rates, which derived from the mid-point between the “buy” and “sell” rates from global currency markets.

GBP sterling, the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, 1 British Pound equals 1.56 US Dollar.

EUR-USD edged out a six-day high of 1.0981 during the European AM session, breaching Friday’s high at 1.0978, before retreating below 1.0950, according to source. Currency Converter GBP to USD By Date as of 2015-08-11 00:49 UTC, Sterling has remained with a heavy bias in early week trade after dropping across-the-board following last Thursday’s BoE data dump.

The main takeaway from the BoE MPC’s ‘Super Thursday’ was that near-term inflation is seen remaining very benign over the next six months, employment is growing more slowly than expected, although at still robust levels, and the 3.5% appreciation in the trade-weighted value of sterling since May has been causing moderate tightening in real interest rates, enabling nominal interest rates to remain low for longer.

This offset an upward revision in GDP and a generally upbeat view of economic prospects. The market had been favouring that next February would market rate lift-off, but this is view is now being pushed back to March and into early Q2.

We see further downside for Cable over the near-term, with the Jul U.S. jobs report cementing expectations for a Fed tightening in September. Key support is marked by the 100- and 200-day moving averages, which are at 1.5367 and 1.5385, respectively.

The euro was temporarily lifted by a surge in Greek shares as a bailout deal with creditors edges nearer. However, Friday’s post-U.S. jobs report ‘on-the-fact’ dollar sell-off is not likely to sustain with Fed funds futures having moved to fully discount a 25 bp Fed rate hike at the September FOMC.

EUR-CHF eked out a new high of 1.0790, the best seen since late February. USD-JPY lifted above 124.70 after opening near 124.20, as Japanese and most Asian stock markets managed to post gains, despite Fed tightening expectations and ugly Chinese trade data.

Japanese consumer confidence also fell to 40.3 from 41.7, the second lowest reading on the year and highlighting the impact of last year’s sales tax increase is having, and the challenge policymakers will have in their plans to raise the tax again in 2017.

Japan’s current account and trade data, meanwhile, showed that the surpluses in both shrank in June, coming in below market forecasts. AUD-USD dropped nearly 50 pips in making a low at 0.7355, affected by heavy commodity markets.

Exchange rates gbp usd, EUR-USD edged out a six-day high of 1.0981 during the European AM session, breaching Friday’s high at 1.0978, before retreating below 1.0950.

The euro was temporarily lifted by a surge in Greek shares as a bailout deal with creditors edges nearer. However, Friday’s post-U.S. jobs report ‘on-the-fact’ dollar sell-off is not likely to sustain with Fed funds futures having moved to fully discount a 25 bp Fed rate hike at the September FOMC. EUR-CHF eked

“Buy” and “sell” rates include overheads and profit margins that are independently set by foreign exchange providers; their rates can vary a lot and will differ from the mid-market rate, so we recommend you shop around. You can also check out XE’s online money transfer services, offering cheap transfer options, Source XE.COM