GBP to USD Exchange Rate
LIVEBritish Pound to US Dollar
Currency Converter
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Exchange rate: 1 GBP = 1.25 USD (approximate)
About GBP/USD
The GBP/USD currency pair represents the exchange rate between the British Pound Sterling and the US Dollar. Known as "Cable" (referring to the transatlantic cable used for trading in the 19th century), this is one of the oldest and most traded currency pairs. The rate is influenced by Bank of England and Federal Reserve monetary policies, UK and US economic data, Brexit developments, interest rate differentials, and geopolitical events. The pair is highly liquid and popular among forex traders worldwide.
Quick Facts
Currency Pair:
GBP/USD
Base Currency:
British Pound (GBP)
Quote Currency:
US Dollar (USD)
Central Bank:
Bank of England
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What does GBP/USD mean?
GBP/USD is the price of one British Pound expressed in US Dollars. The Pound (managed by the Bank of England) is the base currency and the US Dollar (managed by the Federal Reserve) is the quote currency. The pair is long nicknamed "Cable" after the transatlantic telegraph cable once used to transmit its rate.
What moves the GBP/USD exchange rate?
Interest-rate decisions and guidance from the Bank of England and the Federal Reserve are the primary drivers, along with UK and US inflation, growth and jobs data. UK political developments and overall global risk appetite also influence the rate.
When is the best time to trade GBP/USD?
Liquidity and movement are usually highest during the overlap of the London and New York sessions, when both major markets are open. Both currencies float, so the rate updates continuously throughout the trading week.