Uk pound rate

The Pound Euro (GBP/EUR) exchange rate traded narrowly as the UK economy grew 0.2%, recovering from a 0.3% slump last month. At time of writing the Pound Euro (GBP/EUR) exchange rate traded around €1.1705, relatively unchanged from the morning’s opening levels. Pound (GBP) Exchange Rates Buoyed by Economic Recovery The Pound (GBP) enjoyed modest success against many of its rivals on Wednesday as the Office for National Statistics (ONS) revealed that GDP growth for the month of April improved by 0.2%. In line with expectations, the return to growth followed a disappointing 0.3% contraction in March. A strong recovery in the service sector helped drive the figure higher as retail figures bolstered the sector. But contractions across construction and industrial production capped gains and prevented a larger increase. Jack Sirett, a partner at Ebury, said how the welcome return to economic growth could boost the Pound further: ‘Persistent inflation and higher interest rates continue to constrain the UK economy, yet April marked a welcome return to growth. The likelihood of recession continues to fade which should give the pound a boost. ‘The GDP print follows hot on the heels of data showing wages rising at their fastest rate in 20 years outside of the pandemic. It builds into the expectation that not only will the Bank of England be forced into yet another hike next week, but that the peak base rate could reach well above 5%.’ The recovery in the economy followed the stronger...

historical date Jun 16, 2023 14:51 UTC British Pound 1.00 GBP inv. 1.00 GBP US Dollar Euro Indian Rupee Australian Dollar Canadian Dollar Singapore Dollar Swiss Franc Malaysian Ringgit Japanese Yen Chinese Yuan Renminbi Alphabetical order Jun 16, 2023 14:51 UTC British Pound 1.00 GBP inv. 1.00 GBP Argentine Peso Australian Dollar Bahraini Dinar Botswana Pula Brazilian Real Bruneian Dollar Bulgarian Lev Canadian Dollar Chilean Peso Chinese Yuan Renminbi Colombian Peso Czech Koruna Danish Krone Euro Hong Kong Dollar Hungarian Forint Icelandic Krona Indian Rupee Indonesian Rupiah Iranian Rial Israeli Shekel Japanese Yen Kazakhstani Tenge South Korean Won Kuwaiti Dinar Libyan Dinar Malaysian Ringgit Mauritian Rupee Mexican Peso Nepalese Rupee New Zealand Dollar Norwegian Krone Omani Rial Pakistani Rupee Philippine Peso Polish Zloty Qatari Riyal Romanian New Leu Russian Ruble Saudi Arabian Riyal Singapore Dollar South African Rand Sri Lankan Rupee Swedish Krona Swiss Franc Taiwan New Dollar Thai Baht Trinidadian Dollar Turkish Lira Emirati Dirham US Dollar Venezuelan Bolivar

All Content © Pound Sterling Live 2023. Any copying and reproduction of our content - verbatim or altered - will prompt a response from our legal representatives. Pound Sterling Live is a member of the Independent Press Standards Organisation (which regulates the UK’s magazine and newspaper industry). We abide by the Editors’ Code of Practice and are committed to upholding the highest standards of journalism. If you think that we have not met those standards and want to make a complaint, please contact the The news and information contained on this site is by no means investment advice. All quoted exchange rates are indicative. We cannot guarantee 100% accuracy of third-party providers.

The Pound Euro (GBP/EUR) exchange rate traded narrowly as the UK economy grew 0.2%, recovering from a 0.3% slump last month. At time of writing the Pound Euro (GBP/EUR) exchange rate traded around €1.1705, relatively unchanged from the morning’s opening levels. Pound (GBP) Exchange Rates Buoyed by Economic Recovery The Pound (GBP) enjoyed modest success against many of its rivals on Wednesday as the Office for National Statistics (ONS) revealed that GDP growth for the month of April improved by 0.2%. In line with expectations, the return to growth followed a disappointing 0.3% contraction in March. A strong recovery in the service sector helped drive the figure higher as retail figures bolstered the sector. But contractions across construction and industrial production capped gains and prevented a larger increase. Jack Sirett, a partner at Ebury, said how the welcome return to economic growth could boost the Pound further: ‘Persistent inflation and higher interest rates continue to constrain the UK economy, yet April marked a welcome return to growth. The likelihood of recession continues to fade which should give the pound a boost. ‘The GDP print follows hot on the heels of data showing wages rising at their fastest rate in 20 years outside of the pandemic. It builds into the expectation that not only will the Bank of England be forced into yet another hike next week, but that the peak base rate could reach well above 5%.’ The recovery in the economy followed the stronger...

All Content © Pound Sterling Live 2023. Any copying and reproduction of our content - verbatim or altered - will prompt a response from our legal representatives. Pound Sterling Live is a member of the Independent Press Standards Organisation (which regulates the UK’s magazine and newspaper industry). We abide by the Editors’ Code of Practice and are committed to upholding the highest standards of journalism. If you think that we have not met those standards and want to make a complaint, please contact the The news and information contained on this site is by no means investment advice. All quoted exchange rates are indicative. We cannot guarantee 100% accuracy of third-party providers.

historical date Jun 16, 2023 18:36 UTC British Pound 1.00 GBP inv. 1.00 GBP US Dollar Euro Indian Rupee Australian Dollar Canadian Dollar Singapore Dollar Swiss Franc Malaysian Ringgit Japanese Yen Chinese Yuan Renminbi Alphabetical order Jun 16, 2023 18:36 UTC British Pound 1.00 GBP inv. 1.00 GBP Argentine Peso Australian Dollar Bahraini Dinar Botswana Pula Brazilian Real Bruneian Dollar Bulgarian Lev Canadian Dollar Chilean Peso Chinese Yuan Renminbi Colombian Peso Czech Koruna Danish Krone Euro Hong Kong Dollar Hungarian Forint Icelandic Krona Indian Rupee Indonesian Rupiah Iranian Rial Israeli Shekel Japanese Yen Kazakhstani Tenge South Korean Won Kuwaiti Dinar Libyan Dinar Malaysian Ringgit Mauritian Rupee Mexican Peso Nepalese Rupee New Zealand Dollar Norwegian Krone Omani Rial Pakistani Rupee Philippine Peso Polish Zloty Qatari Riyal Romanian New Leu Russian Ruble Saudi Arabian Riyal Singapore Dollar South African Rand Sri Lankan Rupee Swedish Krona Swiss Franc Taiwan New Dollar Thai Baht Trinidadian Dollar Turkish Lira Emirati Dirham US Dollar Venezuelan Bolivar