Transfer money internationally at better rates than the banks with UKForex – Simply a better deal

Regulated by the FSA
Trusted by 100,000 clients globally
Open 24 hours

Smart Currency Transfers

Are you getting a poor exchange rate and pay high fees with mainstream banks?

UKForex offers an easy way to receive and transfer funds internationally at better currency rates and with personal service.

Slide 1 Slide 2 Slide 3 Slide 4

My FX Dashboard

Full Rates & Charts

Interbank Market rate - GBP/USD

Bid Ask
17:27
1.5815 / 1.5816
Low High
24h 1.5804 - 1.5941
Week 1.5804 - 1.6163

More Near real time rates - Not to be used for trading purposes.

See it for yourself

Play video

You are in good hands with UKForex

Image

Check out our guides to learn more about Forex

Image

Daily Commentary

Thursday, 17 May 2012

Chris Applin

United States Dollar: GBP/USD sold off to a low of to a four week low of 1.5889 in the wake of the more dovish than expected Bank of England Inflation Report yesterday as the central bank governor Mervyn King noted that the UK recovery is likely to be slow and uncertain, with the latter exacerbated by the recent escalation of troubles in Europe. The banks near term inflation forecasts were revised higher whilst their growth forecasts were downgraded, leading to the inevitable conclusion that more QE may be needed to stimulate the UK economy at some point in the future. More positively we saw the UK unemployment rate decline to 8.2% from 8.3% the previous month, certainly an encouraging sign for the UK labour market. The USD eased off its recent highs yesterday as investors took some profits and the FOMC minutes from the central bank’s April meeting left investors no clearer on how the Fed intends to act in June when Operation Twist is due to end. The overall tone of the minutes was probably slightly more dovish than the market had been anticipating as the release noted that “several members” indicated that they believed more easing measures might need to be implemented if the US economic ... read more


Forex news

Sterling at 1-mth low vs dollar on Greece, BoE

Thursday, 17 May 2012
Sterling hit a one-month low against the dollar on Thursday as concerns about Greece ditching the euro boosted demand for the safe-haven U.S. currency, with investors also wary of the pound after the Bank of England cut UK growth forecasts. read more

Euro extends fall to fresh four-month low vs dollar

Wednesday, 16 May 2012
The euro continued to fall in midafternoon New York trade on Tuesday with investors expressing strong aversion to risk after Greece failed to form a government and said it would hold new elections, raising the chances it could eventually exit the eur read more

Sterling at 3-wk low vs dollar, gives up gains against euro

Saturday, 12 May 2012
Sterling hit a three-week low against the dollar on Friday as risk aversion stemming from U.S. bank losses and political turmoil in Greece boosted the safe-haven U.S. currency. The pound also eased off a 3-1/2 year high against the euro. read more

Currency Converter

Rate: 1.5815
=
Rate: 0.6323
=
Go
See My FX Dashboard for more info

Register Free

Registration is quick and easy. Access live customer rates, free tools and make international payments.

Register today
Already registered? Login
Get our free commentary
Stay on top of the news with updates from our expert dealers on the latest currency movements. You can unsubscribe any time and your email address is safe – see our >Privacy Policy.


Keep me up to date:
Get free rate alerts
Choose ccy pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.
select
/
 


Mobile Forex trading tools

Make money transfers or currency conversions on the go via our mobile site, iPhone or Android apps. Learn more here

Banners

Sitemap

You're in good hands:

IMPORTANT: Use of this website is subject to the Website Terms. Use of the Services of the UKForex Limited is subject to the Client Agreement. Nothing on this website constitutes or should be construed as financial advice. This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites.

DISCLAIMER: UKForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.

UKForex provides international money transfer services to private clients and business customers. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

UKForex is authorised and regulated by the Financial Services Authority (FRN: 521566) for the provision of payment services.

Money Laundering Regulation Number (MSB): 12219180. Issued by HM Revenue & Customs (HMRC)
Read our Money Laundering Statement