GBP/USD is facing pressure, trading near 90-day lows at 1.3131, with analysts from Barclays and Goldman Sachs predicting a higher chance of a BoE rate cut. The USD remains strong, fueled by Fed support and positive US data. Expect fluctuations as UK monetary policy diverges from the US

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What is the best Send Money conversion rate for GBP to USD?

The best GBP to USD exchange rate is 1.3066 from Wise. This is -0.47% compared to the mid-market rate 1.3128.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to US dollar (USD) rates from different sources before making a conversion.

The above Sterling to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-USD mid-rate and the possible savings of using various providers. 

How do GBP-USD rates compare between providers?

Looking at the full GBP to USD - Send Money comparison table the provider with the best GBP to USD exchange rate is Wise at 1.3066, -0.47% from the latest mid-market rate 1.3128.

The next best is OFX at 1.3062, -0.5% from the mid-rate.

Then XE at 1.3049, which is -0.6% from the mid-rate.

The Western Union rate is 1.2997 which is -1% from the mid-rate.

Among the banks the Lloyds Bank rate is 1.2472 at -5% the Royal Bank of Scotland rate is 1.255 at -4.4% and the Barclays Bank rate is 1.2511 at -4.7% compared to the mid-rate 1.3128.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.