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Open <% currencies.converter.data.Current.closerate %>
High <% currencies.converter.data.Current.high %>
Low <% currencies.converter.data.Current.low %>
Change
<% currencies.converter.data.Current.absolute|toFixed:5 %> (<% currencies.converter.data.Current.percentage %>%)
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<% 1 %> GBP = <% 1 * currencies.converter.rate |toFixed: 4 %> USD
Into
<% 1 %> USD = <% 1 / currencies.converter.rate |toFixed: 4 %> GBP
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GBP to USD conversion rates
GBP
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<% amount %> GBP
<% amount * currencies.converter.rate |toFixed: 4 %> USD
USD
GBP
<% amount %> USD
<% amount / currencies.converter.rate |toFixed: 4 %> GBP
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What impacts the GBP/USD exchange rate
GBP/USD is the third most commonly traded currency pair in the forex market. Also known as the Cable, it is one of the oldest currency pairs that has been traded globally.  Ranked as one of the major currency pairs, Pound Sterling/US dollar displays significant volatility, offering a decent amount of pips at each move when compared to other leading currency pairs. This makes it one of the most exciting currency pairs for forex traders.  Key factors that influence movements in the Pound Sterling and the US dollar include key economic data, political developments, central bank decisions on interest rates and monetary policy. Some of the most important economic data releases that impact the exchange rate of GBP/USD include reports on inflation, unemployment rate, GDP, CPI, PPI and manufacturing and services PMI readings.  In addition, monetary policy decisions of the Bank of England (BOE) or the Federal Reserve can also cause the GBP/USD exchange rate to fluctuate. Any changes to the bank rate by the BOE or the Fed's interest rates can drive significant movement in the GBP and the USD respectively, and make it worth trading. Other reasons that can drive volatility in this pair include significant political news, especially Brexit and elections.
GBP to USD exchange rate - FAQ
How do developments related to Brexit impact GBP/USD?

In recent years, Brexit has been one of the biggest factors driving major moves in GBP/USD - fears of a no deal Brexit weaken the Cable, while positive developments towards finalizing a trade deal between Britain and the EU help push GBP/USD’s exchange rate higher.

What is the best time of day to trade the Cable?

The Cable is most active when markets in London and New York are open. This is the time when most market moving events that can impact this currency pair and its exchange rate occur, making it the best time to capture quick moves. For day traders, the ideal time to trade GBP/USD falls between 0600 and 1600 GMT.

What are some forex pairs that GBP/USD shares a correlation with?

The Pound Sterling shares a positive correlation with currencies like the Euro and the Swiss Franc. As a result, one of the pairs that GBP/USD is positively correlated with is EUR/USD. On the other hand, it shares a negative correlation with USD/CHF.

What are the highest and lowest levels GBP/USD has seen so far this year?

The GBP strengthened to a high of 1.3393 against the USD on 1 September 2020. So far this year, the weakest level GBP/USD has reached was when it fell to 1.1492 on 19 March 2020.

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