USD/GBP: what to know
The USD/GBP rate shows how much GBP you get for 1 USD. Right now, 1 USD buys 0.7385 GBP at the mid-market rate. In the other direction, 1 GBP is worth 1.3542 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while GBP responds to Bank of England policy and the UK economy.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the USD/GBP rate has ranged between 0.7238 and 0.7666 — a change of -0.37% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.