Pound surges against US dollar

Login
Pound surges against US dollar

GBP surges against USD

Sterling has breached the 1.32 barrier against the US dollar and has continued to make gains against the beleaguered greenback.

Solid risk sentiment is putting the US dollar under pressure and it is currently hitting 2020 lows against a basket of currencies. Political uncertainty is causing significant headwinds as the next coronavirus stimulus package stumbles once more and the markets watch the clock, counting down to the November presidential election.

While housing starts and building permits both beat forecasts Stateside, according to data released today, it has not stopped the pound making steady gains against the US dollar throughout the day, with the 2019 high of 1.3516 forming the next major level of resistance.

 

 
Personal payments

Personal payments

With a personal account you can enjoy competitive exchange rates and low fees on all your payments.

Find out more
Foreign exchange business solutions

FX business solutions

We provide tailored services to help companies make global payments and manage their foreign exchange risk.

Find out more

Get the info you need on the foreign exchange market

Sign up for daily market updates

Sign up for daily market updates

With highlights of key market movements, our daily email is a must-read for those who wish to be informed about the latest foreign exchange market movements.

Receive updates
The Secret Economist

The Secret Economist

Register for The Secret Economist to receive monthly market forecasts and guidance on how to make better informed decisions regarding how and when to make your international payments.

Receive updates
Watch our webinars

Watch our webinars

Register for our upcoming webinars and watch previous sessions for top insights and advice on foreign exchange, the state of the economy and a wide range of other topics.

Learn more