NewsCommodities & ForexLive UK Exchange Rates: Pound Holds Near $1.35 as Bitcoin Rebounds and Oil Tests $97

Live UK Exchange Rates: Pound Holds Near $1.35 as Bitcoin Rebounds and Oil Tests $97

Author: ExchangeRates.org.uk·

Key Takeaways

  • The Pound to Dollar rate climbed 0.34% to roughly $1.3529, while Pound to Euro slipped 0.06% to €1.1631.
  • Bitcoin jumped nearly 5% to around $80,968, hitting an intraday high of $81,316 on Fed relief and ETF inflows.
  • Brent crude advanced toward $97 a barrel after renewed US-Iran escalation raised supply disruption concerns.
  • Silver rose more than 15% in August, outperforming gold and major equity markets in Deutsche Bank's cross-asset table.
  • UBS valuation models place GBP/USD fair value between 1.48 and 1.50, above the current market rate near 1.35.
Live UK Exchange Rates: Pound Holds Near $1.35 as Bitcoin Rebounds and Oil Tests $97

Exchange Rates UK (Exchangerates.org.uk) publishes live exchange rates, currency comparisons, exchange rate forecasts and historical data, tracking major FX pairs such as Pound to Euro and Pound to Dollar in real time with mid-market rates updated every minute. Rates on the page were updated on 4 September 2026, according to the site. The day's moves reflect a broader backdrop in which currency, commodity and crypto markets are all reacting to shifting Federal Reserve expectations and geopolitical risk, which traders typically watch together because dollar strength or weakness feeds through all of these assets.

Latest Currency News

Pound Sterling — UK economists forecast stronger-than-expected UK growth while warning that underlying services inflation remained too high. The Pound to Dollar (GBP/USD) exchange rate climbed 0.34% to around $1.3529 on Thursday, recovering from an earlier low of $1.3481. The Pound to Euro (GBP/EUR) exchange rate slipped 0.06% to €1.1631 after surrendering its gains. Persistent services inflation matters for the currency because it is the component the Bank of England watches most closely when weighing the pace of any further interest rate changes.

Bitcoin — The Bitcoin price jumped nearly 5% above $80,000 as Fed relief, Treasury liquidity and ETF inflows revived forecasts of $83,000 to $100,000. The Bitcoin to US Dollar (BTC/USD) exchange rate surged from around $77,000 to an intraday high of $81,316 on Thursday. BTC/USD was trading near $80,968 at the time of writing, up 4.8% on the day. The combination of easier Fed expectations and spot ETF inflows has been a recurring driver of crypto demand since US spot Bitcoin ETFs began trading in 2024, giving institutional investors a direct route into the asset.

Brent Crude Oil — Brent crude oil's advance towards $97 a barrel came after renewed US-Iran escalation revived concerns about further supply disruption. The rally is testing Crédit Agricole's view that replacement transport capacity would keep crude broadly rangebound. Oil near multi-year highs is also relevant for FX traders, as energy costs feed inflation and shape central bank policy decisions.

Silver — The silver price gained 15.6% in August, beating gold and major equity benchmarks in Deutsche Bank's selected cross-asset performance table. The silver price in US Dollars rose over 15% in August, topping the table and comfortably outperforming gold and major equity markets, according to the site's own XAG/USD data. Silver has long traded as both an industrial metal and a monetary safe haven, and sharp monthly moves of this kind tend to draw attention to its dual role in portfolios.

GBP/USD Valuation — GBP/USD traded near 1.35, while UBS valuation models place purchasing-power parity at 1.48 and TEEER fair value at 1.50. The Pound to Dollar exchange rate recovered to around 1.3512 after falling as low as 1.3475 during the past 48 hours, remaining about 0.3% below its opening level on the chart. The gap between the market rate and model-based fair values gives readers a reference point for how far the pair sits from long-run estimates, though valuation models differ by methodology and horizon.

EUR/USD — The Euro to Dollar (EUR/USD) exchange rate rebounded to around 1.1610 after recovering from a 48-hour low of 1.1567, up roughly 0.2% on the day. UniCredit sees a Federal Reserve-Treasury policy clash becoming a medium-term Dollar headwind, even as the prospect of another Fed rate hike persists. A divergence between Fed rate policy and Treasury funding policy is the kind of tension analysts monitor because it can pull the dollar in opposite directions over different timeframes.

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Exchange Rates UK's blog also covers topics including the different roles of gold and silver for UK investors, how forex traders can diversify their investments as the pound rises and falls, the site's GBP/EUR house forecast with bank targets and key levels, a guide to moving to Australia from the UK, the best places to live in France ranked by cost, climate and lifestyle, and the economics challenges facing the AI boom, including inference costs, competition and capital expenditure.

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Source: ExchangeRates.org.uk

Note: All currency rates on the site are updated every minute while markets are open. Exchangerates.org.uk believes the information to be accurate but does not warrant or guarantee such accuracy, and users are advised to verify values before use.