Blog


23/05/2019 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • May 23, 2019
  • No Comments

Please see this morning’s exchange rates listed at the bottom of the article. The rates are there for indication purposes only. For live accurate prices please contact us.

Sterling plunged again in early London trading this morning as pressure mounted on Prime Minister Theresa May to name a date for her departure.

The British currency has been falling heavily in the past few days. May’s last-ditch attempt to get backing for a Brexit deal triggered a revolt yesterday by some of her Brexit-supporting ministers, deepening the political uncertainty in Britain.

The pound dropped 0.4% to a new 4-1/2 month low this morning. It is the worst performing major currency in May, and so far, has lost 3.3% of its value against the dollar.

The pound has weakened for 14 consecutive days against the single currency.

The dollar hit its highest level in a month as economic and political uncertainties swept through Europe and Asia, pinning down most major currencies such as the euro and the yuan.

While the United States is not without its own worries — a trade conflict with China being a major one — investors see the greenback as a relative safe haven.

GBP/EUR 1.1314

GBP/USD 1.2609

GBP/AED 4.6233

GBP/AUD 1.8344

GBP/CHF 1.2721

GBP/CAD 1.6972

GBP/NZD 1.9424

EUR/USD 1.1129

GBP/ZAR 18.133

Leave a Reply

Your email address will not be published.

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited and Equals Connect Limited. Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Payment services for Currencies 4 You Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. | Terms and Conditions | Privacy Statement | Careers