Sterling has strengthened against the US dollar. At the European Central Bank's reference rate on 16 October 2026, £1 bought $1.3335, up 1.0% from $1.3201 on 2 October, 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 £7,499, against £7,575 on 2 October: £76 less.
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, a stronger pound works in your favour.
Sources
A summary of the public sources above, checked when it was published. General information, not legal, tax or financial advice.