Best exchange rates this year for Pound

By Tom Arnold

The last week has seen some really good rates for buying both Euros and US Dollars, with the Pound enjoying highs not seen since the end of 2022. Bank of England interest rate rises to help combat soaring UK inflation have made the Pound a more attractive investment for yield-seeking investors and the Pound has profited as a result.

We have a busy week ahead with a few key economic releases from the major zones. At home we have UK unemployment on Tuesday and then a speech from the governor of the Bank of England on Wednesday. In the Euro zone we have GDP on Tuesday and inflation on Wednesday, and then in the US retail sales on Tuesday and jobless claims on Thursday.


EU Industrial Production

US Fed Member Speeches


UK Unemployment Rate


US Retail Sales

US Industrial Production


EU CPI Inflation

Bank of England Governor Bailey Speech


Australian Unemployment Rate

Bank of England Monetary Policy Hearing

US Jobless Claims

UK Consumer Confidence


German PPI

Canadian Retail Sales

With the recent strength for the Pound supported largely by high inflation and the associated interest rate rises, it will be interesting to see how it holds up in the face of UK unemployment numbers – a negative number could certainly dent the Pound’s future hopes. UK interest rate policy over the coming months, with almost certainly be a key part of the BoE governor’s speech on Wednesday so those with Sterling in hand should be wary of a reality check here too.