British Pound (GBP/USD) news & analysis
GBP/USD is the exchange rate between the British pound and the US dollar, often called "cable" in the market.
The reading
The news
Moderate bullish impulse
Priced in
Unclear
What follows
The move looks spent
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is GBP/USD up or down today?
The pound has stayed inside its range for a third week, with moves linked to expectations around the Bank of England and the Federal Reserve ahead of US CPI. It has lost ground at times as rising crude oil lifted the dollar and clouded the BoE's hawkish outlook, while it has edged up on hawkish BoE commentary and BRC Like-For-Like Retail Sales data despite geopolitical tensions.
Updated
Latest news
Tuesday, October 13
- Pound gains and stays inside its range for a third weekFXStreet
- British Pound finds fresh momentum as BoE hawks set stage for US CPIFXStreet
- Watch the Morning Kickstart video for a technical look at EURUSD, USDJPY and GBPUSD.InvestingLive
- British Pound gains on BRC Like-For-Like Retail Sales data despite geopolitical tensionsFXStreet
Monday, October 12
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 14 | ||
| MPC Member Breeden Speaks | GBP | |
| BOE Gov Bailey Speaks | GBP | |
| MPC Member Pill Speaks | GBP | |
| FOMC Member Bowman Speaks | USD | |
| CPI y/y | 3.6% | USD |
| Core CPI y/y | 2.5% | USD |
| Core CPI m/m | 0.2% | USD |
| CPI m/m | 0.6% | USD |
Day by day
82 days on record since July 22, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Tue, Oct 13Weak bullish13 headlines. The pound has spent about three weeks trading inside a range, at times edging up on BRC retail sales data and expectations around hawkish Bank of England views.
- Mon, Oct 12Neutral14 headlines. The pound-dollar pair has been moving with shifts in the U.S. dollar, which has alternated between softness on hopes for a Russia-Ukraine energy ceasefire and softer bond yields, and strength to a 17-month high on changing Fed expectations.
- Sun, Oct 11Weak bearish9 headlines. Market focus is on the Federal Reserve's next decision, with reporting that the 2% inflation target may not stop a rate freeze.
- Sat, Oct 10Weak bearish16 headlines. The pound has edged up toward near 1.3250 as the dollar dipped on a Treasury pause and weaker US consumer sentiment.
- Fri, Oct 9Weak bearish14 headlines. The pound has seen mixed moves against a steady to softer US dollar, with headlines pointing to pressure from a stable dollar and rising oil prices, offset at times by a dip in the dollar on a Treasury pause, deteriorating US consumer sentiment, and comments from Fed's Waller on a pause in October.
Frequently asked questions
- What is GBP/USD?
- GBP/USD is the exchange rate between the British pound and the US dollar, often nicknamed "cable."
- What moves GBP/USD?
- It is driven mainly by the interest-rate gap between the Bank of England and the US Federal Reserve, UK inflation and growth data, and global risk sentiment.
- Why is GBP/USD called "cable"?
- The nickname dates to the 19th century, when GBP/USD quotes were transmitted between London and New York over a transatlantic telegraph cable.
Not investment advice. For informational purposes only.