GBP/USD Exchange Rate Today, Forecast & News

GBP/USD
British Pound - US Dollar
Open
1.26734+0.00889 (+0.71%)
As of: May 16, 2024 09:18 UTC
Open
1.25844
High
1.27077
Low
1.25824

Stats

Prev. Close

1.25845

Open

1.25844

Day's Range

1.25824 - 1.27077

52 Week Range

1.20374 - 1.31457

YTD Change

-0.44%

1 Year Change

1.19%

Economic CalendarAll Events

Time zone: GMT

Wednesday, May 15th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
16:00	USD	Fed Kashkari Speech	Medium
19:20	USD	Fed Bowman Speech	Medium
20:00	USD	Net Long-term TIC FlowsMar	Medium	$100.5B	$89.3B	$62.9B

Thursday, May 16th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
08:00	GBP	BoE Financial Stability Report	Medium
12:30	USD	Import Prices MoMApr	Medium		0.3%	0.4%
12:30	USD	Initial Jobless ClaimsMay/11	Medium		220K	231K
12:30	USD	Housing Starts MoMApr	Medium		3.8%	-14.7%

GBP/USD

The British Pound is also referred to as Sterling, with the GBP/USD pairing is referred to as Cable. Alongside with the U.S Dollar, Japanese Yen, and EUR, the Pound is the 3rd most held reserve currency. The Pound is also the 4th most traded currency in the FX markets. Average trading volumes sit at about USD330bn. Cable is the 3rd most liquid currency pairing, accounting for 11% of total transactions in the FX markets. Geopolitics and macroeconomics are key drivers for the pairing.

	United States		United Kingdom
Interest Rate	5.5% May 24		5.25% May 24
Inflation Rate	3.4% Apr 24		3.2% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaNegative	AA+Stable	Aa3Stable	AAStable