Exchange rates for GBP against major currencies on May 16, 2023

LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market.

According to

GBP-EUR                             1.1482   Pounds to Euros

GBP-USD                             1.2474   Pounds to Dollars

GBP-NZD                             2.002     Pounds to New Zealand Dollars

GBP-AUD                            1.8707   Pounds to Australian Dollars

GBP-CAD                             1.6826   Pounds to Canadian Dollars

GBP-JPY                               169.59   Pounds to Yen

GBP-ZAR                              23.861   Pounds to South African Rands

GBP-AED                             4.5779   Pounds to Dirhams

GBP-INR                              102.63   Pounds to Rupees

GBP-TRY                              24.565   Pounds to Lira

GBP-CHF                              1.1178   Pounds to Swiss Francs

The pound sterling has fallen against major currencies in recent weeks, with the euro now trading at its highest level against the pound in over two years.

There are a number of factors that have contributed to the decline in the pound, including:

  • The ongoing uncertainty surrounding Brexit, which has led to investors becoming more risk-averse and selling sterling.
  • The rise in interest rates in the United States, which has made the dollar more attractive to investors.
  • The weakness of the British economy, which has led to concerns about the country’s ability to repay its debts.

The decline in the pound is likely to have a number of implications for businesses and consumers in the UK. For businesses, it will make it more expensive to import goods and services, which could lead to higher prices for consumers. For consumers, it will make it cheaper to travel abroad and buy imported goods, but it will also make it more expensive to buy goods and services from overseas businesses.

The pound is likely to remain volatile in the coming months, as investors continue to monitor the situation surrounding Brexit and the British economy.

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