Understanding the GBP to USD Exchange Rate
GBP/USD, historically known as 'Cable', is one of the oldest currency pairs in global financial markets. It measures the exchange rate between the UK Sterling and the US Dollar.
Key factors influencing GBP/USD include Bank of England (BoE) interest rate policy, UK inflation figures, employment statistics, and UK trade balances with global partners.
Knowing the mid-market rate for GBP/USD enables UK expats and businesses to avoid heavy bank markups on transatlantic wire transfers.