GBP/USD Exchange Rate Today, Forecast & News

GBP/USD
British Pound - US Dollar
Open
1.26214+0.00613 (+0.49%)
As of: May 15, 2024 10:05 UTC
Open
1.25601
High
1.26236
Low
1.24174

Stats

Prev. Close

1.25601

Open

1.25601

Day's Range

1.24174 - 1.26236

52 Week Range

1.20374 - 1.31457

YTD Change

-0.85%

1 Year Change

1.37%

Economic CalendarAll Events

Time zone: GMT

Tuesday, May 14th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	PPI MoMApr	High	0.5%	0.3%	-0.1%
13:10	USD	Fed Cook Speech	Medium
14:00	USD	Fed Chair Powell Speech	High
20:30	USD	API Crude Oil Stock ChangeMay/10	Medium	-3.104M	-1.35M	0.509M

Wednesday, May 15th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Retail Sales Ex Autos MoMApr	Medium		0.2%	1.1%
12:30	USD	NY Empire State Manufacturing IndexMay	Medium		-10	-14.3
12:30	USD	CPIApr	Medium		313.76	312.33

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	3.5% Mar 24		3.2% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaNegative	AA+Stable	Aa3Stable	AAStable