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Pounds to US dollars

Here you'll find everything you need to know about sending pounds to US dollars, including the current exchange rate, historical charts, news and more.

GBP to USD transfers

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Your request has been sent to one of our expert teams.

We aim to respond to any enquiry as soon as possible. In the meantime, if there is anything else we can help you with, please let us know.

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GBP USD exchange rate

The current exchange rate for pounds to US dollars is:

1.12747*

This converter uses indicative 'interbank' rates. See below for more details. For our exchange rates, just click 'Get a quote'.


Make the most of your pound to US dollar currency transfer

The pound (£) is one of world’s highest value currencies, while the US dollar ($) is the world’s most commonly traded. People use the GBP/USD exchange rate to send money to the US for many reasons, like paying for property purchases, transferring their pension payments, giving money to friends and family and funding an expat lifestyle.

Key pound to US dollar exchange rate facts

In the wake of the financial crisis, the GBP/USD currency pairing experienced notable volatility before levelling out and trading within a fairly stable range. That all ended in 2016 when the UK’s decision to Brexit caused the pound to plummet against the US dollar.

Don’t forget! These are interbank exchange rates.

  • The GBP/USD exchange rate fell sharply during the financial crisis, bottoming out at US$1.3612 when Lehman Brothers collapsed.
  • Since the financial crisis the highest the pound to US dollar exchange rate has reached is US$1.7160; before the crash £1 was worth over $2.
  • Following the UK referendum on the nation’s membership of the European Union, the pound crashed to a 31-year low against the US dollar of US$1.2023.

Pound and US dollar currency information

The pound is also known as ‘Sterling’, while the US dollar is often called the ‘Buck’ or ‘Greenback’. The pound to US dollar exchange rate often goes by the nickname ‘Cable’.

USD is one of the world’s most stable currencies, so its value often changes depending upon how uncertain the market feels about global political or economic factors. Meanwhile, GBP is very sensitive to domestic political events and economic data. These variables all affect the amount you receive when making a pound to US dollar currency transfer.

GBP/USD exchange rate movement

Political and economic volatility in the UK and US can have a significant impact on the amount of USD you receive when sending GBP overseas.

Specific issues, like the UK’s Brexit negotiations with the European Union and the Federal Reserve’s attitude to interest rates have had a substantial impact on pound and US dollar exchange rates in recent years.

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Imminent Conservative leadership contest ...

Political anxiety weighed heavily on the pound yesterday as Theresa May agreed to set a departure date after MPs vote on her withdrawal agreement for the fourth time.

Pound sinks, May to step down by the summer?

The pound fell to new multi-month lows on Thursday as Theresa May agreed to set out a timetable for her departure as PM.

EUR/GBP rises almost 3 pence

May is marching on and the euro has spent the first half of the month strengthening against the pound (with EUR/GBP rising from 0.84 to 0.87) and fluctuating against the US dollar (with EUR/USD trading around 1.12).

Pound sinks on cross-party doubts

The pound suffered some sharp losses yesterday as concerns over the state of the cross-party Brexit talks continue to grow.

Could Eurozone growth data shore up euro?

EUR exchange rates could find a boost this morning if the first quarter Eurozone gross domestic product shows signs of resilient growth.

Pound softens on mixed employment data

The pound was left on the defensive during Tuesday’s session, with markets shying away from the UK currency as a fall in domestic wage growth weakened sentiment.

Other currencies

Check how the pound is performing against other currencies around the world.

Or view our main charts page to check any of our other currency rates