For the best GBP/USD exchange rate click here.
After dropping over one per cent during yesterday's trading session, the pound has dipped again and has left GBP/USD trading at $1.2350 at the time of writing.
GBP/USD two day chart
This afternoon could see the pound come under even more pressure as markets wait to hear from Prime Minister Theresa May and Scottish First Minister Nicola Sturgeon.
With May set to face questions by a parliamentary committee at 2pm (GMT) and Sturgeon set to lay out her plans for Scotland to maintain ties with the EU after Brexit, traders and investors will be listening closely for clues on how the government plan to tackle negotiations with their European counterparts.
If May hints at a harder approach towards leaving the EU, then it is likely we will see the pound lose ground across the board and could push GBP/USD back into the $1.22's for the first time since 2nd November.
Do you need to buy or sell dollars?
If you have a requirement to buy or sell dollars in the weeks or months and want to make sure are making the most from your transfer, contact me today for a free, no-obligation currency consultation.
For more information about how I can help or to find out what rate of exchange I can offer complete the contact form by click on the link below.
