All major world currencies including GBP, USD, EUR, JPY
European Central Bank mid-market rates, updated daily
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Exchange rates from the European Central Bank, updated daily.
Exchange rates are prices — they reflect the value of one currency relative to another. When demand for a currency rises (e.g., foreign investors buying UK assets), it strengthens. Central bank interest rate decisions are the single largest driver of currency movements.
GDP growth, inflation, employment data, and trade balances all influence exchange rates. Strong economic data typically strengthens a currency. Political stability and market sentiment also play significant roles, particularly for emerging market currencies.
GBP/USD (Cable) and GBP/EUR are the most traded sterling pairs. The pound is the fourth most traded currency globally, heavily influenced by Bank of England policy and UK economic data.
EUR/USD is the world's most traded pair, followed by USD/JPY and GBP/USD. These three pairs account for over 50% of all forex trading volume and tend to have the tightest spreads.
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