USD Exchange Rates Today - US Dollar to Pound & Euro Conversion (With FX Forecasts)

October 19, 2014 - Written by Toni Johnson

STORY LINK USD Exchange Rates Today - US Dollar to Pound & Euro Conversion (With FX Forecasts)

Presenting our latest exchange rates outlook for the US Dollar vs Pound and Euro forex rate pairings and today's current conversion levels.

At the start of what would become a highly volatile week the Pound exchange rate complex (GBP) saw muted trading as the US, Canadian and Japanese financial markets were closed for national holiday. It would prove to be the calm before the storm.

Latest USD rates today:

The Pound to Dollar exchange rate today is converting at 1.60941 GBP/USD.
The Euro to Dollar exchange rate today is converting at 1.27609 EUR/USD.
The Canadian Dollar to US Dollar conversion rate is 0.88688 CAD/USD.
The Aus to US Dollar conversion rate is 0.87442 AUD/USD.
The NZ Dollar to US Dollar exchange rate converts at 1 NZD is 0.79155 USD.

Don't forget if you are waiting to find better exchange rates for a international payments, then you're best bet is to set up your future rate order with a foreign exchange broker.

Pound to Dollar Rate Today:

The Pound Sterling (GBP) weakened broadly against the majority of its major peers including the Euro (EUR) and US Dollar (USD) on Tuesday as inflation data and poor retail sales data sent the currency lower.

Inflation in the UK slowed to a five year low and a report released by the British Retail Consortium showed that the UK retail sector experienced its worst sales performance since December 2008.

Further GBP vs USD losses were restrained on Wednesday as the latest domestic Unemployment and average earnings data came in better than expected.

The US Dollar complex made gains against most peers on Wednesday as the US economy’s momentum continued to show signs of divergence from that of the Eurozone.

Fears over the Ebola virus, the conflict in the Middle East and a slowdown of the global economy also bolstered demand for the safe haven USD.

The GBP experienced mixed trading against the EUR and other major peers as volatility rocked the market.

Sterling found support from the release of a report, which showed that unemployment in the UK fell to 6%.

With a lack of domestic market moving data due for release, the Pound's movements will depend on data out of the Eurozone and USA.

The US Dollar rallied against several exchange rate peers as it shrugged off disappointing retail sales and wholesale pricing reports.

The weak data caused investors to focus on the timing of the Federal Reserve’s interest rate rise and overlook poor data from the Eurozone.

As Thursdays session began traders turned their attention on the day’s jobless claims data, which they hoped, would come in positively.

It did, and as a result, the market selloff created by fears over the global economy was eased.

The Pound weakened against most of its most traded peers on Friday as concerns over global economic growth eased following the publication of positive data out of the USA. With a lack of economic data releases out of the UK, the currency was experiencing movements because of data from elsewhere.

USD vs GBP and EUR Rates Bolstered

The US Dollar strengthened against the Pound and Euro as Thursday’s better than forecast Jobless Claims and Industrial Production data eased concerns that the world’s largest economy is experiencing a slowdown.

The currency also found support after the US government announced tougher action to tackle the threat of the Ebola virus.

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