The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
GBP to USD Market Data
British pound (GBP) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the GBP to USD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the British pound against the US dollar is to review how the GBP/USD rate has changed over time.
The table below shows the percentage change in the GBP to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Recent analysts' forecasts indicate a cautiously optimistic outlook for the GBP to EUR exchange rate, highlighting the interactions between the UK and...
The GBP/JPY exchange rate currently trades near 90-day highs at approximately 211.4, representing a 3.3% increase over its three-month average of 204.6.
Current market bias: The GBP to USD exchange rate shows a bullish bias.
Key drivers:
- Interest rate differential: The Bank of England is hinting at slower cuts, while the Federal Reserve is preparing for more easing, supporting the pound.
- Risk sentiment: A drop in US inflation has led to expectations for aggressive Fed cuts, affecting the dollar's strength.
- Supporting macro factor: A strong UK retail sales report could further strengthen the GBP.
Near-term range: Expect stable trading with GBP/USD oscillating around recent highs, staying within historical resistance points.
What could change it: Upside risk includes stronger-than-expected UK economic data; downside risk stems from further softening of US economic indicators, potentially prompting aggressive Fed cuts.
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GBP/USD is bullish as the BoE signals slower cuts while the Fed gears up for easing. UK retail sales could boost GBP further. Analysts note the pair may stay around recent highs, with risks tied to UK data and US economic performance
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GBP to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to USD?
The best GBP to USD exchange rate is 1.3443 from Wise. This is -0.47% compared to the mid-market rate 1.3506.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to US dollar (USD) rates from different sources before making a conversion.
The above
Sterling to Dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest GBP-USD mid-rate and the possible savings of using various providers.
How do GBP-USD rates compare between providers?
Looking at the full
GBP to USD - Send Money comparison table the provider with the best GBP to USD exchange rate is Wise at 1.3443, -0.47% from the latest mid-market rate 1.3506.
The next best is OFX at 1.3438, -0.5% from the mid-rate.
Then XE at 1.3425, which is -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.