Pure FX Logo arrow Reviews On Feefo Pure FX Logo Exemplary Service In-Depth Knowledge We're Jargon Free Same-Day Transfers Better Exchange Rates Purefx_currency_exchange Personal Transfers Business Transfers Seller Transfers Get A Quote Register With Us Make A Transfer Trusted Brokers FCA Authorized Personal Service Contract Definitions Read Our Top Tips What Influences Exchange Rates Glossary Frequently Asked Questions Contact Us

US Dollar vs Pound Nears 3-Week High, on Trump Trade War Fears

Market CommentaryUS Dollar vs Pound Nears 3-Week High, on Trump Trade War Fears
US Dollar vs Pound Nears 3-Week High, on Trump Trade War Fears
US Dollar vs Pound. Image credit: Free Photos 9110 Images.

Welcome to Pure FX's latest update of the US dollar to pound interbank exchange rate!

The greenback strengthens versus sterling! The US dollar to pound interbank exchange rate has neared its highest in 3 weeks today, or since January 22nd, at 0.7739.

By contrast, back on January 27th, the pound was at just 0.7570 versus the buck. So it's since risen by +2.23% or +2.5 cents.

To put this into context, US$250,000 at today's interbank exchange rate would be worth £193,475. This is +£4,225 more than on January 27th!

So if you're a UK business owner importing US goods to Britain for your company, this may help you to transfer money to the USA to buy your products.

US Dollar to Pound Rate Rises, on Trump Trade War Concerns

The US dollar to pound interbank exchange rate has neared this 3-week high, because there are concerns that US president Donald Trump's trade war with China may continue.

For instance, last week Mr. Trump tweeted that he won't meet China's president Xi Jinping, before a March 1st deadline to resolve their trade dispute.

This week, US negotiators will press China to respect America's intellectual property rights, which China insists it already respects.

This has lifted the US dollar, because if the trade war continues, America stands to win, as the world's largest, strongest economy!

USD vs GBP Strengthens, as Global Growth to Slow

Moreover, the US dollar has also climbed against the pound, because it's forecast that global economic growth will soon slow.

For example, last week the European Commission (EC) cut its predictions for the Eurozone's GDP growth for 2019 by -0.6%, to just 1.3%. Meanwhile, China's economy expanded by the slowest pace in 25 years in 2018.

As a result, financial markets may seek refuge from this uncertainty in large, stable economies, where they're guaranteed to get a return on their investments.

This has lifted the US dollar, as the backbone of the world’s financial system!

Greenback Jumps Versus Sterling, as Brexit Deadline Nears

What's more, the buck has also flown higher versus the pound, because the UK's Brexit deadline is drawing near, with no deal yet agreed.

To be specific, the UK will crash out of the EU in less than 50 days, on March 29th, if prime minister Theresa May doesn't negotiate a deal in the next 7 weeks.

Last week, Bank of England (BoE) Mark Carney warned of the "fog of Brexit", and said that "We do not know what form of arrangement could be struck."

This has weakened the pound, because if the UK crashes out of the EU, it's widely thought that the UK's GDP growth will slow sharply!

Get A Free US Dollar to Pound Exchange Rate Quote

Get a free US dollar to pound exchange rate quote to get a highly competitive exchange rate, and find out how much you could save with Pure FX.

You’ll get a highly competitive US dollar to pound exchange rate for your money transfer!

Please bear in mind, this article is Pure FX’s opinion only and does not constitute advice. Moreover, the exchange rates referred to in this article are the interbank rates, which are the rates at which banks and financial institutions buy and sell currency to each other. Therefore these exchange rates cannot be accessed by individuals or SMEs, and are not the same rates that Pure FX can offer. To get a free exchange rate quote, call us on +44 (0) 1494 671800, or email peter.lavelle@purefx.co.uk.

Get a Quote
Feefo service

What Our Clients Say

Read all the reviews at Feefo.com

Why Us

FCA Authorised E-Money institution

Authorised by the UK's Financial Conduct Authority, so you can rest assured that we’re handing your money responsibly.

Exceptional Service

We have received Feefo's Gold Trusted Service Award 3 years in a row.

Same Day Transfers

We can transfer your money to your destination bank account the same day you send it, once we’ve confirmed the payment details with you.

Competitive Exchange Rates

Competitive exchange rates and transparent transfer fees, so you know exactly what you’re paying for.

Dedicated Personal Service

To guide you through the transfer process and keep you up-to-date with the changing exchange rates.

Trusted Foreign Exchange Broker

Since we were established in 2006, we've transferred money for thousands of satisfied clients.

How It Works

  • 1. Register

    for a no obligation account
  • 2. Agree the exchange rate

    with your account manager over the phone
  • 3. Send us payment

    for the transfer of your purchased currency
  • 4. We transfer the currency

    to your nominated account