Pound To Dollar Exchange Rate Last 6 Months
Introduction
The Pound to Dollar exchange rate is one of the most closely watched currency pairs in the world. It is an indicator of the economic strength of both the UK and the US, and can be influenced by a variety of factors such as political events, economic data releases, and central bank policy decisions.
January 2021
At the start of January 2021, the Pound to Dollar exchange rate was trading at around 1.3670. The rate was relatively stable in the first week of the month, but then started to weaken as concerns grew about the UK's economic outlook due to the ongoing COVID-19 pandemic and Brexit.
February 2021
In February 2021, the Pound to Dollar exchange rate continued to weaken as the UK economy struggled to recover from the pandemic and Brexit uncertainty persisted. The rate fell to around 1.3860 by mid-month before starting to recover slightly towards the end of the month.
March 2021
The Pound to Dollar exchange rate saw some volatility in March 2021. It started the month at around 1.3940 before falling to around 1.3770 by mid-month. However, it then started to recover again and ended the month at around 1.3800.
April 2021
In April 2021, the Pound to Dollar exchange rate continued to be influenced by a range of factors including COVID-19, Brexit, and central bank policy. The rate remained relatively stable throughout the month, trading in a narrow range between 1.3750 and 1.3950.
May 2021
May 2021 saw the Pound to Dollar exchange rate weaken again as concerns grew about the UK's economic recovery and inflation. The rate fell to around 1.4000 in the middle of the month before recovering slightly towards the end of the month.
June 2021
The Pound to Dollar exchange rate saw some volatility in June 2021 as market participants reacted to economic data releases and central bank policy decisions. The rate started the month at around 1.4180, fell to around 1.3930 in the middle of the month, and then recovered towards the end of the month to end at around 1.3900.
Conclusion
The Pound to Dollar exchange rate has been influenced by a range of factors over the last 6 months, including COVID-19, Brexit, and central bank policy. While the rate has been relatively stable at times, it has also seen some volatility as market participants react to economic data releases and other events. As we move forward, it will be important to keep an eye on these factors and how they may impact the exchange rate in the future.