Today our US dollar rate of $1.27* on Travelex.co.uk is at its highest level for over 9 months (since 23 September 2016).
Welcome news if you’re heading to the USA (or somewhere else where you need US dollars) this summer!
This follows various comments over the last week by Mark Carney, governor of the Bank of England. Carney indicated ‘now is not yet the time to begin raising interest rates’, which remain at a record low, before hinting yesterday (29th June 2017) that he may indeed support an interest rate rise. Meanwhile, in the US, house sales declined more than anticipated.
Currently on Travelex.co.uk we’re selling at 1.11* euros.
Against the euro, the pound sterling remains relatively weak and continues to be volatile. This is less positive news if you’re heading to Europe for a summer holiday, but keep an eye on rates at Travelex.co.uk and watch out for our next Happy Hour!