Sterling has strengthened against the US dollar. At the European Central Bank's reference rate on 16 July 2026, £1 bought $1.3511, up 1.5% from $1.3307 on 2 July, 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 £7,402, against £7,515 on 2 July: £114 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.