What is GBP/USD?
GBP/USD is the exchange rate of the British pound against the US dollar — how many dollars one pound buys. It is nicknamed “Cable” and is one of the most-traded currency pairs in the world.
How much is £1 in dollars right now?
The live figure is shown on our GBP to USD page. In the modern era £1 has generally been worth between about $1.05 and $2.00.
How much is $1 in pounds right now?
See the live rate on our USD to GBP page. Because a pound is worth more than a dollar, $1 is worth less than £1 — the inverse of the GBP/USD rate.
Why is the pound worth more than the dollar?
It is a legacy of how the two currencies were historically defined against precious metal, not a sign that the UK economy is bigger. In fact the US economy is several times larger — see our UK vs US comparison.
What is the mid-market rate?
The midpoint between the buy and sell prices in the wholesale market — the fairest single figure to quote, and the one shown here. Banks and transfer services give you a slightly worse rate. See mid-market vs bank rates.
Why is GBP/USD called Cable?
After the 19th-century transatlantic telegraph cable that carried pound-dollar quotes between London and New York. Full story in our Cable nickname guide.
What moves the GBP/USD exchange rate?
Mainly the gap between Bank of England and Federal Reserve interest rates, relative inflation and growth, politics, and global risk sentiment. See what moves GBP/USD.
What is the highest and lowest GBP/USD has ever been?
The floating-era high was about $2.11 in 2007; the record low was about $1.035 in September 2022. See all-time high & low.
Has the pound ever reached parity with the dollar?
No. The closest was about $1.035 in 2022. See pound–dollar parity.
Where do your rates come from?
Headline and historical rates come from an open exchange-rate data feed and are indicative mid-market figures; the interactive charts are provided by TradingView. They are for information only and are not dealing rates.
What is the best time to trade or convert GBP/USD?
Liquidity is deepest during the London–New York overlap (roughly 13:00–16:00 GMT). See best time to trade GBP/USD.
Can you tell me where GBP/USD will be next month?
No one can reliably predict exchange rates. Our forecast page explains why, and how to read forecasts sensibly rather than as promises.