US Dollar/UK Pound Sterling FX Cross Rate

GBP/USD is the exchange rate between the pound sterling and the US dollar, nicknamed "cable" after the transatlantic telegraph that once carried its quotes. Sterling reflects the health of the UK economy and Bank of England policy, and as a mid-sized reserve currency it trades with a risk-sensitive, pro-cyclical tilt. It can move sharply on UK politics and fiscal surprises, as the 2022 gilt crisis showed.