US Dollar (USD)

USD/EUR - Today's data summary

% change
+0.03%
Price Euros
0.8639
Change
0.0000
As of 19:17 16 Oct 2018

USD/GBP - Today's data summary

% change
-0.29%
Price Pound sterling
0.7582
Change
-0.0020
As of 19:17 16 Oct 2018

USD/JPY - Today's data summary

% change
+0.38%
Price Yen
112.2000
Change
+0.4300
As of 19:17 16 Oct 2018

Latest updates

Pound falls against dollar and euro

Currencies
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The pound has slipped a third of a cent to trade at $1.3111 after Brexit talks between the UK and the EU faltered over the Irish border.

Sterling is also down a third of a cent against the euro, at €1.1352.

Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, says: "The clock is ticking and a deal is drawing close but having been burned by false hopes, investors are ignoring the conflicting headlines and waiting for official confirmation."

Pound gains against euro on Brexit hopes

Pound and euro curencies
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Sterling has hit a four month high against the euro, up 0.21%, at €1.1462, on hopes that the UK can soon agree a Brexit deal with the European Union.

However, Kengo Suzuki, chief FX strategist at Mizuho Securities, cautioned: "We can't be too optimistic about the Brexit process, because even if a deal can be struck at an anticipated special EU summit in November, it has to get through the British Parliament."

The pound has trimmed gains against the dollar and is now trading up 0.10% at $1.3156.

Pound rises over $1.30

Pound coins and notes
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The pound is back above $1.30 after rising 0.17%. It is trading at $1.3043 against the dollar.

Sterling is also ahead of the euro, up 0.12% at €1.1323.

Pound rises on Ireland customs 'backing'

UK Prime Minister Theresa May and Ireland's Taoiseach Leo Varadkar
Getty Images
UK Prime Minister Theresa May and Ireland's Taoiseach Leo Varadkar

The pound is trading higher against both the dollar and the euro following a report in the Financial Times that Ireland is backing Theresa May's plan for an all-UK customs union with the EU.

Sterling is up 0.29% against the dollar at $1.2979.

It is ahead 0.15% against the euro at €1.1288.

Analysts at Mitsubishi UFJ Financial Group said: "The EU would have to provide some encouragement as well that it is warming to the idea for the pound to stage a rally in the coming weeks."

Sterling dips

Pound
Getty Images

The pound has dipped under $1.30 against the dollar amid conflict within the government over Prime Minister Theresa May's Brexit plan.

It is currently trading at $1.2973. Sterling is also marginally down against the euro at €1.1230.

Pound slips to three-week low

pound graph
BBC

The pound has fallen to a three-week low as fears continue about the conflict over Theresa May’s Brexit plan.

Money traders' eyes remain glued to the growing divisions on show at this week's Conservative Party conference.

The pound has fallen to £1.1243 against the euro and $1.2960 against the dollar.

Pound drops on weaker business investment

Sterling is now down 0.31% against the dollar at $1.3038 after data from the Office for National Statistics reduced annual GDP growth to 1.3% and said business investment had dropped.

Mark Gregory, chief economist at accountancy firm EY, said: "Investment is being tightly controlled with spend directed to keeping things going but not to expansion. UK is going to lose out on future growth."

Conversely, the pound extended its gain against the euro by 0.24% to €1.1260.

Sterling ticks under $1.31

Pound/dollar
EPA

The pound has dipped on the dollar to below $1.31.

Sterling is now trading at $1.3067 but is up 0.10% against the euro at €1.1244.

The dollar has been powered by the recent interest rate rise by the US Federal Reserve but investors are also cautious about Brexit talks and the prospect of no deal.

Mixed open for UK shares

London Stock Exchange
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The FTSE 100 opened a little lower, down 11.34 points at 7,500.15.

The FTSE 250 rose 10.72 points at 20,447.20.

Meanwhile, the pound is down 0.25% against the dollar at $1.3133.

Sterling is broadly flat on the euro at €1.1217.