The British pound weakened towards $1.2 at the start of December, after gaining more than 5% in November, as investors rushed for the USD following a strong US jobs report. The data showed US employers added more jobs than expected in November, while wage growth picked up to a 10-month high, trimming bets that the Fed will soon slow its aggressive interest-rate hikes. Domestically, investors believe the Bank of England might not end up hiking as aggressively as feared. Last week, BoE Deputy Governor Ramsden said he was backing more interest rate hikes, but would consider cutting rates if the economy developed differently to his expectation. In addition, MPC member Tenreyro said earlier in the month she saw rates on hold next year and then falling in 2024, while Dhingra has warned that an over-tightening of policy could stoke a deep recession. Still, the pound remained close to a recent five-month high of $1.23, as investors welcomed the UK's budget announced last month.

Historically, the British Pound reached an all time high of 2.86 in December of 1957. British Pound - data, forecasts, historical chart - was last updated on December of 2022.

The British Pound is expected to trade at 1.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.13 in 12 months time.

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British Pound


Majors Price Day Year
EURUSD 1.0545 0.0005 0.05% -6.54%
GBPUSD 1.2271 -0.0020 -0.16% -7.47%
AUDUSD 0.6806 0.0009 0.13% -3.41%
NZDUSD 0.6404 -0.0004 -0.06% -5.12%
USDJPY 135.1720 0.8550 0.64% 19.12%
USDCNY 6.9533 -0.0643 -0.92% 9.08%
USDCHF 0.9348 -0.0019 -0.20% 1.02%
USDCAD 1.3429 -0.0039 -0.29% 5.23%
USDMXN 19.4665 0.0925 0.48% -8.36%
USDINR 81.6820 0.2720 0.33% 8.35%
USDRUB 62.1000 0.6000 0.98% -16.11%
USDKRW 1,295.1300 -2.7600 -0.21% 9.71%
USDTRY 18.6373 0.0022 0.01% 35.18%
DXY 104.5378 0.0468 0.04% 8.52%
USDSEK 10.3074 -0.0141 -0.14% 13.35%
USDPLN 4.4424 0.0117 0.26% 9.18%
USDNOK 9.7646 -0.0043 -0.04% 7.42%
USDZAR 17.2529 -0.2614 -1.49% 8.63%
USDDKK 7.0517 -0.0021 -0.03% 7.02%
USDSGD 1.3488 -0.0029 -0.22% -1.46%
USDILS 3.3923 -0.0032 -0.09% 7.21%
USDHKD 7.7695 -0.0193 -0.25% -0.41%
USDCLP 882.2600 0 0% 4.35%
USDPKR 223.8000 0.1500 0.07% 26.80%
USDCZK 23.1147 0.0097 0.04% 2.64%
USDHUF 387.7220 -0.9980 -0.26% 19.81%
USDBRL 5.2189 0 0% -7.67%
Crosses Price Day Year
GBPUSD 1.2269 -0.0021 -0.17% -7.48%
EURGBP 0.8595 0.0022 0.26% 1.01%
GBPAUD 1.8025 -0.0063 -0.35% -4.22%
GBPNZD 1.9157 -0.0014 -0.07% -2.48%
GBPJPY 165.8090 0.7254 0.44% 10.19%
GBPCNY 8.5309 -0.0690 -0.80% 0.92%
GBPCHF 1.1468 -0.0045 -0.39% -6.55%
GBPCAD 1.6477 -0.0055 -0.33% -2.63%
GBPMXN 23.8805 0.0757 0.32% -15.22%
GBPINR 99.8039 0.3565 0.36% 0.27%
GBPBRL 6.4077 0.0515 0.81% -14.68%
GBPRUB 75.6575 0.6306 0.84% -22.40%
GBPKRW 1,590.9614 -7.9333 -0.50% 1.65%
GBPIDR 18,933.8790 -141.5918 -0.74% -0.97%
GBPARS 205.4046 3.2818 1.62% 52.92%
GBPCZK 28.3964 0.0075 0.03% -4.55%
GBPDKK 8.6502 -0.0157 -0.18% -1.00%
GBPHUF 477.1666 -2.4050 -0.50% 12.18%
GBPMYR 5.3800 -0.0141 -0.26% -3.85%


British Pound
The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
1.23 1.23 2.86 1.03 1957 - 2022 Daily