Pound to dollar exchange rate – sterling rises slightly against the US dollar despite concerns of PM Theresa May’s leadership
The UK currency was trading $1.3255 against the US dollar - up from yesterday's low of $1.3187
THE pound has risen slightly against the the dollar as speculation mounts surrounding Prime Minister Theresa May leadership.
It is up 0.27 per cent to $1.3255 against the US dollar.
The upward move was driven by stronger than expected economic data emerging from the UK as optimistic Theresa May unveiled tough plans for a “no deal” Brexit but has hinted the EU transition deal could last beyond two years.
Last night the pound was down 0.05 per cent to $1.3187 against the US dollar.
The Prime Minister's conference speech last week announcing plans to build more new council houses and a cap on energy bills was overshadowed by a huge bout of bad luck.
She was handed a P45 by a prankster, suffered a coughing fit while delivering the speech - and bits of the set fell down around her.
As a result, the pound tumbled against the dollar.
CASH IN How to get the best deal on YOUR holiday money...
How to get the best holiday money rate
WE spoke with Hannah Maundrell, editor-in-chief at money.co.uk to find out how you can guarantee the best rate when you go on holiday
- Don’t buy cash at the airport – you’ll always be able to beat the rate with a bit of forward planning
- Compare travel money companies online – Factor in delivery costs and choose the option that gives you the most cash to spend on holiday. If you’ve left it until the last minute order online for airport collection so you get the best of both worlds.
- Use comparison tools – MoneySavingExpert’s TravelMoneyMax enables you to compare pick-up and pre-order rates.
- Don’t pay for travel money with a credit card – it’s likely you’ll be charged a cash withdrawal fee which adds to the cost.
- Top up a prepaid card to lock in your rate now – Choose your card and read the T&Cs carefully as some apply hefty fees. WeSwap, FairFX and Caxton FX are all worth checking out.
- Always choose to pay in the local currency rather than sterling – This will help you avoid sneaky exchange fees
MOST READ IN MONEY
We pay for your stories! Do you have a story for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 24516