USD hits best rate since November

The rate for sending money to the USA has reached its best level since November this morning, as sterling generally performs well against the US Dollar and elsewhere in the absence of much UK economic data.

Despite better than expected German data, the rate for buying Euros has also improved.

For a quote on your own transfer in any currency, contact Currency Index for a quote to see if we can save you some money. This afternoon we have some further US data due out at 1.30pm, which is personal expenditure and consumption, and could bring rates back down if the data is better than expected.