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.

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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.

Why is GBP/USD up or down today?

Sterling climbed to a three-month high against the dollar as weak US retail sales data deepened the greenback’s slide, with markets increasingly pricing in a more dovish Federal Reserve. The pound’s gains were also supported by a softer dollar amid mixed market sentiment, though European stocks closed lower as yields rose.

Updated 2 hr. ago

Latest news

investingLive Americas FX news wrap 14 Aug: Stocks finish mixed as yields rise and the dollar falls
investinglive.com · yesterday
British Pound hits three-month high as weak US sales deepen USD slide
www.fxstreet.com · yesterday
Sterling today: Pound rises as dollar weakens on dovish Fed expectations
www.investing.com · 2 days ago
Retail sales slump in July. Cheaper gas and Amazon-Prime hangover are the chief culprits.
www.marketwatch.com · yesterday
Dollar nudges lower on the day amid mixed market mood
investinglive.com · 2 days ago
My Thoughts about those Retail Sales
wolfstreet.com · 424 days ago
US Dollar Is Losing Ground, but Will It Last?
www.investing.com · yesterday
European shares close mostly lower as yields jump; DAX bucks the trend
investinglive.com · yesterday

Upcoming economic events

2026-08-16 — Rightmove HPI m/m · GBP
2026-08-17 — Empire State Manufacturing Index · forecast 10.6 · USD
2026-08-17 — NAHB Housing Market Index · forecast 33 · USD
2026-08-17 — TIC Long-Term Purchases · forecast 151.4B · USD
2026-08-17 — CBI Industrial Order Expectations · GBP
2026-08-18 — Claimant Count Change · forecast 11.2K · GBP
2026-08-18 — Unemployment Rate · forecast 4.8% · GBP
2026-08-18 — Average Earnings Index 3m/y · forecast 4.0% · GBP

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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.
Why is GBP/USD up or down today?: GBP/USD's daily direction tends to follow the Bank of England versus Federal Reserve rate outlook and UK data surprises, alongside global risk sentiment. The section at the top of this page covers today's specific driver as it develops.

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