For the best GBP/USD exchange rates click here.
The latest decline for the currency pair means the pound has now lost over 2.1 per cent against the greenback since Thursday, when the cross was trading close to $1.27 as talk of Britain's exit from the European Union continues to weigh heavily on sterling.
GBP/USD graph
The pound has weakened after reports emerged that UK Prime Minister Theresa May faced fresh challenges over her plans for removing Britain from the European Union.
Last week saw lawmakers vote in favour of May's plans, but there are now signs of dissent from within the Conservative Party which could force the bill to be amended.
Parliament are about to being a three day debate on the law giving Theresa May the right to Trigger Article 50, which will then be followed by a number of votes on whether to include extra conditions before her official talks begin.
Theresa May has already stated that parliament will be given the chance to accept the deal she reaches with the EU, but it now seems that MPs want to have more control.
Do you need to buy or sell dollars?
If you are looking to buy or sell dollars in the weeks and want to make sure are making the most from your transfer, contact me today for a free, no-obligation currency consultation.
As a specialist in currency exchange I have a range of tools at my disposal to help protect you against adverse market movements or target a rate of exchange that might not be currently available.
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.
As a specialist in currency exchange I have a range of tools at my disposal to help protect you against adverse market movements or target a rate of exchange that might not be currently available.
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.
