Sterling has weakened against the US dollar. At the European Central Bank's reference rate on 2 October 2026, £1 bought $1.3201, down 1.1% from $1.3344 on 18 September, when we last reported a move.
Most factories in China invoice in dollars, so this changes what your goods cost you. Every $10,000 you pay a supplier now costs about £7,575, against £7,494 on 18 September: £81 more.
These are reference rates. Your bank or payment provider adds its own margin, so get a quote before you pay. If you have a dollar balance due soon, it may be worth talking to your provider about fixing a rate.
Sources
A summary of the public sources above, checked when it was published. General information, not legal, tax or financial advice.