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Full Rates & Charts

Interbank Market rate - GBP/USD

Bid Ask
15:15
1.2487 / 1.2488
Low High
24h 1.2422 - 1.2544
Week 1.2254 - 1.2544
For information purposes onlyFor informational purposes only. Please read Terms of Use for further information.

More Near real time rates - Not to be used for trading purposes.

Daily Commentary

Tuesday, 24 January 2017

Alex Hartley

United States Dollar:

US dollar weakness seems to be the theme across the board. As there was little in the way of domestic data yesterday, on both sides of the pond, movement was dictated by the previous day’s news. The trump trade continued to unravel from Friday as his protectionist America First rhetoric continues to weigh heavy on the Greenback. As little has been worded to comfort those that supported the pre-election growth promises from the Republicans, eyes now turn to the first 100 days under Donald Trumps presidency. Cable reached an overnight high of 1.2543, but has since slipped back below 1.2500 for today’s start. GBP/USD 1.1624 – 9:00am.

 

Tuesday offers more to investors and the markets as we await the EU membership court ruling at 9:30am. The result could see whether Brexit will have a final vote from parliament, despite it not possibly changing the outcome. If not, article 50 could be triggered by the government ... read more


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