major pair · GBP/USD
British Pound to US Dollar: the daily ECB reference rate, a historical chart, pair specification and what drives each currency.
1.34998
+0.00891 (+0.66%)
1 GBP = 1.34998 USD · 1 USD = 0.74075 GBP · previous 1.34108 on 3 Nov 2026
GBP/USD ECB reference rate, 4 Nov 2025 to 4 Nov 2026: from 1.30650 to 1.35000 (up 3.33%). High 1.38170 on 29 Jan 2026, low 1.30440 on 5 Nov 2025.
256 daily observations · 4 Nov 2025 – 4 Nov 2026
Latest rate within the 12-month range
The latest rate sits at 59% of the 12-month low-to-high range.
Calculated from daily ECB reference rates — closing-type snapshots, not intraday highs and lows.
Understanding the pair
In GBP/USD the British Pound is the base currency and the US Dollar is the quote currency. The rate tells you how many USD one GBP buys, so a rising GBP/USD means the British Pound is strengthening against the US Dollar.
GBP/USD is a major pair: it combines the US dollar with another heavily traded currency, which usually means deep liquidity and some of the tightest spreads in the market.
Prices are quoted to 5 decimal places here. One pip is 0.0001, so on a standard lot of 100,000 GBP a one-pip move is worth 10 USD — use the pip calculator to convert that into your account currency.
Liquidity in GBP/USD is usually deepest when both home markets are open — the London (08:00–17:00 London time) and New York (08:00–17:00 New York time) sessions. See live session times on the market hours clock.
Sterling is among the most traded currencies, and London is the largest foreign-exchange trading centre. Bank of England rate decisions and UK inflation data are key event risks.
Central bank: Bank of England
The world's main reserve and invoicing currency. The BIS 2022 Triennial Survey found the dollar on one side of about 88% of all FX trades, so US interest-rate expectations and risk sentiment ripple through almost every pair.
Central bank: Federal Reserve
GBP/USD shows how many US Dollar (USD) one British Pound (GBP) buys. GBP is the base currency and USD is the quote currency. If the rate rises, the British Pound has strengthened against the US Dollar.
No. It is derived from the euro foreign exchange reference rates published by the European Central Bank once per working day around 16:00 CET. It is useful for reference, budgeting and calculator inputs, but it is not an executable trading quote — a broker's bid and ask will differ.
By convention one pip in GBP/USD is 0.0001 because the pair is quoted in USD. On a standard lot of 100,000 GBP, a one-pip move is worth 10 USD. Brokers may quote an extra decimal (a pipette).
Liquidity is typically deepest when both home markets are open: the London (08:00–17:00 London time) and New York (08:00–17:00 New York time) sessions, and especially where they overlap.
Educational information only, not investment advice. Trading leveraged currency products carries a high risk of losing money.