British Pound to US Dollar

Get real-time British Pound to US Dollar (GBP/USD) exchange rates, Bank of England rate decisions, and transatlantic remittance insights.

Currency Converter

Mid-market rates · zero markup

Live Market

Amount

From

Rates are for informational purposes only and may differ from rates offered by commercial banks, credit card providers, or money-transfer services.

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.

Frequently Asked Questions (GBP to USD)

Why is GBP/USD called 'Cable'?

The term dates back to the 19th century when exchange rates were transmitted across the Atlantic Ocean via a submarine telegraph cable connecting London and New York.

What central banks influence the GBP/USD rate?

The Bank of England (BoE) and the Federal Reserve (Fed) are the key central banks setting interest rates for their respective currencies.