Pound surges to a 12 month high against the US dollar | Travelex currency commentary

The US dollar rate has been strengthening, hitting a high following Bank of England announcements yesterday.

Our rate today of $1.31 is the best on Travelex.co.uk for 12 months.This would be worth an extra $85 in your pocket on a £500 transaction compared to this year's low point of $1.14.

Welcome news if you need US dollars for an upcoming trip!

The pound has also strengthened slightly against the euro from a low point in August to a 56 day high of €1.096. Secure this rate today at Travelex.co.uk.