GBP/USD Exchange Rate Today, Forecast & News

GBP/USD
British Pound - US Dollar
Closed
1.25485-0.00093 (-0.07%)
As of: Dec 08, 2023 21:59 UTC
Open
1.25578
High
1.26136
Low
1.25444

Stats

Prev. Close

1.25578

Open

1.25578

Day's Range

1.25444 - 1.26136

52 Week Range

1.18030 - 1.31457

YTD Change

3.72%

1 Year Change

2.31%

Economic CalendarAll Events

Time zone: GMT

Friday, December 8th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:30	USD	Participation RateNov	Medium		62.7%	62.7%
13:30	USD	Unemployment RateNov	High		3.9%	3.9%
13:30	USD	Non Farm PayrollsNov	High		180K	150K
15:00	USD	Michigan Consumer Sentiment PrelDec	High		62	61.3

Tuesday, December 12th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
07:00	GBP	Average Earnings incl. Bonus (3Mo/Yr)Oct	Medium		7.3%	7.9%
07:00	GBP	Unemployment RateOct	High		4.3%	4.2%
07:00	GBP	Employment ChangeSep	Medium		110.0K	54K

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% Nov 23		5.25% Nov 23
Inflation Rate	3.2% Oct 23		4.6% Oct 23
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaNegative	AA+Stable	Aa3Stable	AAStable