Pound to dollar edged down by 0.36% to 1.2612

May 23, 2019 10:45 am London

The pound to dollar exchange rate dropped on Thursday to 1.2612 dollars per pound sterling. The change was -0.36 per cent from the previous close of 1.2658. Today's maximum rate was 1.2658 dollars, while the minimum exchange rate was 1.2610.

The Dollar index, calculated against the basket of leading currencies, rose 0.16 percent to 98.22 from 98.06.

According to the UK statistics, the US dollar is the most popular currency of invoice for imports, accounting for 68.1 per cent of value. Pound sterling accounted for 20.2 per cent of invoiced imports. Pound sterling is the most popular currency of invoice for exports, accounting for 57.4 per cent of value. The US dollar accounted for 35.5 per cent.

Brent crude oil futures, the international benchmark, were trading at $70.35, -0.90 per cent. The gold price stood at $1275.10, +0.07 per cent.

Pound Exchange Rate News.

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