GBP/USD Exchange Rate Today, Forecast & News

GBP/USD
British Pound - US Dollar
Open
1.24479+0.00725 (+0.59%)
As of: Apr 23, 2024 20:17 UTC
Open
1.23754
High
1.24483
Low
1.22995

Stats

Prev. Close

1.23754

Open

1.23754

Day's Range

1.22995 - 1.24483

52 Week Range

1.20374 - 1.31457

YTD Change

-2.22%

1 Year Change

0.10%

Economic CalendarAll Events

Time zone: GMT

Tuesday, April 23rd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:45	USD	S&P Global Services PMI FlashApr	Medium	50.9	52	51.7
13:45	USD	S&P Global Manufacturing PMI FlashApr	Medium	49.9	52	51.9
14:00	USD	New Home SalesMar	Medium	0.693M	0.668M	0.637M
14:00	USD	New Home Sales MoMMar	Medium	8.8%	2.7%	-5.1%
20:30	USD	API Crude Oil Stock ChangeApr/19	Medium		1.8M	4.090M

Wednesday, April 24th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
10:00	GBP	CBI Business Optimism IndexQ2	Medium		2	-3
10:00	GBP	CBI Industrial Trends OrdersApr	Medium		-15	-18

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% Mar 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