Pound to dollar exchange rate – sterling continues to rise against US Dollar
The UK currency is trading at $1.3300 against the US dollar despite a string of stormy Brexit developments
THE British pound is continuing to make a rise against the US dollar today.
Sterling is currently trading at 1.3300 - a 0.1 per cent rise.
Sterling's domination comes as a shock since recent Brexit developments have slightly jolted the currency.
On Friday the pound was up 0.27 per cent at $1.3255, as emerging reports claimed Brussels might be open to a two-year transition deal.
Draft conclusions of the upcoming EU summit, seen by the Financial Times, revealed leaders plan to approve internal discussions on a post-Brexit relationship with the UK.
According to a snap poll, three quarters of Brits would prefer a "no deal" Brexit to a bad deal.
On Monday, Tory MPs rallied around Theresa May after a plot to oust her became public, which seemed to boost confidence.
In a private Tory WhatsApp group, Foreign Secretary Boris Johnson said: "We have JUST HAD AN ELECTION and people are fed up with all this malarkey.
"Get behind the PM. Ordinary punters I have spoken to thought her speech was good and anyone can have a cold."
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
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