The British pound to dollar exchange rate today: See today's update below. Currency exchange markets were soundly shocked on Friday morning when the UK unexpectedly voted to leave the European Union, counter to the predictions of both investors and pollsters. The political ramifications were already starting to be felt ahead of the weekend, with Prime Minister David Cameron swiftly stepping down and calls coming from both Scotland and Northern Ireland for votes on independence. Markets are also not especially optimistic about the impact of a Brexit vote on the domestic economy, as James Knightley, Senior Economist at ING, noted:.

We think UK growth in will be Safe-haven demand rose sharply in the wake of the result, and is likely to stay elevated for some time to come, to the benefit of the US Dollar USD.

However, with the latest US Durable Goods Orders figure slumping markedly and Brexit risk expected to weaken global growth the chances of the Fed opting to raise interest rates before the end of the year seem increasingly slim. Brexit Spill-Over Could Weaken Appeal of the Euro EUR Exchange Rates The fallout of Brexit is likely to be more detrimental to the Euro EURhowever, due to the potential negative consequences that face the EU and the Eurozone.

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Growth in the currency union is expected to weaken as a result of heightened uncertainty and the mounting questions over the future of the European project, factors that are expected to hamper the appeal of the single currency. Ecostats in the coming week are likely to be of more limited impact than might otherwise be expected, with markets likely to remain predominantly focused on developments in the UK as well as the wider global economy.

Scotiabank note the near-term outlook for the pound to dollar exchange rate could see lows towards 1. A weekly close below 1. Below there, the mids low of 1. Best Dollar to Pound Rate for FX Investors in 30 Years Today The Pound to US Dollar exchange rate slipped to a fresh thirty-one year low on Monday, with investors remaining jittery in the aftermath of the surprise Brexit vote. With markets increasingly speculating that the Bank of England BoE could be prompted to cut interest rates in the near future there has been little cause for confidence in the Pound.

As well as forex quote real time in-depth analysis of the latest currency trends for ERUK, Colin heads up the Business The advice provided on this anomaly market stock is general advice only and does not constitute as a financial recommendation.

All data shown, such as exchange rates are indicative of interbank rate and should only be used as an indication of market movement.

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At time of writing the us dollar to pound exchange rate is quoted at 0. The USD to CHF exchange rate converts at 0. The USD to CAD exchange rate converts at 1. Colin Lawrence As well as producing in-depth analysis of the latest currency trends for ERUK, Colin heads up the Business Exchange Rate Calc Currency from GBP to EUR EUR to USD GBP to USD GBP to AUD.

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