GBP/USD Exchange Rate Today, Forecast & News

GBP/USD
British Pound - US Dollar
Open
1.25326+0.00439 (+0.35%)
As of: May 02, 2024 04:20 UTC
Open
1.24888
High
1.25597
Low
1.24663

Stats

Prev. Close

1.24887

Open

1.24888

Day's Range

1.24663 - 1.25597

52 Week Range

1.20374 - 1.31457

YTD Change

-1.55%

1 Year Change

0.38%

Economic CalendarAll Events

Time zone: GMT

Wednesday, May 1st 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:30	USD	EIA Crude Oil Stocks ChangeApr/26	Medium	7.265M	-2.3M	-6.368M
14:30	USD	EIA Gasoline Stocks ChangeApr/26	Medium	0.344M	-1.02M	-0.634M
18:00	USD	Fed Interest Rate Decision	High	5.5%	5.5%	5.5%
18:30	USD	Fed Press Conference	High

Thursday, May 2nd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Balance of TradeMar	Medium		$-69.1B	$-68.9B
12:30	USD	ImportsMar	Medium		$329.0B	$331.9B
12:30	USD	ExportsMar	Medium		$260.0B	$263.0B

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% Apr 24		5.25% Mar 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