GBP/USD Exchange Rate Today, Forecast & News

GBP/USD
British Pound - US Dollar
Closed
1.25740+0.00160 (+0.13%)
As of: Jun 09, 2023 21:00 UTC
Open
1.25580
High
1.25903
Low
1.25341

Stats

Prev. Close

1.25580

Open

1.25580

Day's Range

1.25341 - 1.25903

52 Week Range

1.03456 - 1.26798

YTD Change

3.93%

1 Year Change

0.65%

Economic CalendarAll Events

Time zone: GMT

Wednesday, June 7th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Balance of TradeApr	High	$-74.6B	$-75.2B	$-60.6B
14:30	USD	EIA Gasoline Stocks ChangeJun/02	Medium	2.746M	0.88M	-0.207M
14:30	USD	EIA Crude Oil Stocks ChangeJun/02	Medium	-0.451M	1.022M	4.488M

Thursday, June 8th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Initial Jobless ClaimsJun/03	Medium	261K	235K	233K

Monday, June 12th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
18:00	USD	Monthly Budget StatementMay	Medium		$-236B	$176B

Tuesday, June 13th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
06:00	GBP	Employment ChangeMar	Medium		150K	182K
06:00	GBP	Average Earnings incl. Bonus (3Mo/Yr)Apr	Medium		6.1%	5.8%

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	5.25% May 23		4.5% May 23
Inflation Rate	4.9% Apr 23		8.7% Apr 23
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AA+Stable	Aa3Stable	AAStable