💱 GBP to USD Converter
Live British Pound to US Dollar exchange rate — updated in real-time
GBP to USD — Overview
GBP/USD, known as "Cable" in forex markets, is one of the oldest and most traded currency pairs. The British Pound is one of the world's oldest currencies and typically trades above the US Dollar.
History & Background
The nickname "Cable" dates back to the 19th century when exchange rates were transmitted via transatlantic telegraph cable. The GBP/USD pair has been heavily impacted by Brexit, COVID-19, and UK economic challenges in recent years.
Key Factors Affecting GBP/USD
GBP/USD is influenced by Bank of England interest rates, UK inflation and GDP data, US Federal Reserve policy, Brexit developments, and UK-US trade relations.
Tips for Exchanging GBP to USD
Monitor Bank of England meetings and UK inflation data for GBP/USD direction. The pair tends to be volatile around UK economic releases and political events.