Pound Sterling (GBP)

GBP/EUR - Today's data summary

% change
0.00%
Price Euros
1.1664
Change
+1.1664
As of 01:25 26 Mar 2019

GBP/JPY - Today's data summary

% change
0.00%
Price Yen
145.5150
Change
+145.5150
As of 01:25 26 Mar 2019

GBP/USD - Today's data summary

% change
0.00%
Price US dollars
1.3204
Change
+1.3204
As of 01:24 26 Mar 2019

Latest updates

Pound flat on continued Brexit uncertainty

Pounds, dollars and euros
Getty Images

The pound is currently flat, ahead of a crucial week of House of Commons votes.

Sterling is now just 0.03% up against the dollar at $1.3213, and 0.07% ahead against the euro at €1.1696.

Pound higher

pound and flag
Getty Images

The pound is starting the day higher after EU leaders offered to delay Brexit until 22 May if MPs approve Theresa May's deal next week.

It is up 0.30% against the dollar at $1.3154 - although a week ago had been above $1.33 when markets had expected the UK would avoid a no-deal Brexit.

Pound slips

chart
BBC

The pound has touched a one-week low against the dollar of $1.3105 amid the on-going uncertainty about Brexit, although is currently trading just above that level at $1.3152, 0.3% lower.

The Bank of England did not move rates, as expected, after the latest Monetary Policy Committee meeting.

Pound edges higher

Pound chart
bbc

The pound has lifted off the day's lows following the higher than expected rise in retail sales.

"February's retail sales figures shows that the improving trend in retail wages, and not the uncertainty created by the Brexit saga, is the dominant influence on households' spending on present," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics.

Why hasn't the pound moved more?

Today Programme

BBC Radio 4

pound flag
Getty Images

Movements in the pound are a focus for the markets during the Brexit debates in parliament. It is up 4% this year.

George Godber of Polar Capital told BBC Radio 4's Today Programme that there "could be a big shift in sterling next week".

For now, he said: "No one knows what's going on so you get very jumpy events but [the markets] keep focusing back on the chance of a no-deal being highly unlikely".

The pound could reach $1.40 and $1.50 if there is a deal, he said. "If we end up crashing out with no-deal I expect sterling to be down to $1.20".

On Wednesday, the pound dropped to as low as $1.3147, having rallied to a nine-month high of nearly $1.34 last week.

Pound chart

pound chart
BBC

Here's the chart showing the pound's move against the dollar as Theresa May was speaking about asking for the extension to the UK's departure from the EU.

Theresa May has written to European Council President Donald Tusk to formally request a short, one-off delay to Brexit beyond 29 March.

The prime minister told MPs she was "not prepared to delay Brexit any further than the 30 June".

There's a story on her remarks to MPs here.

Pound dips (again)

pound
Getty Images

The pound has slipped down through $1.32 amid the on-going uncertainty surrounding Brexit.

Theresa May has asked Brussels for a shorter than expected delay to the UK's exit from the EU.

At point the pound was 0.8% down against the dollar at $1.3147.

Pound dips

pound
BBC

The pound is heading towards $1.32 as Theresa May asks the EU to delay the UK's departure.

The pound is down 0.5% against the euro at €1.1630.

Pound slides

twenty pound notes and eu flag
Getty Images

Sterling is on the slide after that announcement that Theresa May will seek a short extension to the UK's departure from the EU.

The pound fell almost 0.3% against the dollar to $1.3224. Only a week ago, it had jumped to $1.3380 - its highest level for nine months - on expectations that a no-deal Brexit could be avoided.