Top Forex News

Live Forex news from all over the world.


Great Britain Pound GBP


Detailed information and fundamental factors

Central Bank: Bank of England

Interest Rate: 0.10%

Public Debt to GDP Ratio, 2020: 108.03%

Trade Balance, 2019: -$3.1 bln.

Inflation, 2019: 1.7%

Sovereign Credit Ratings:


Supporting Factors

Global reserve currency


Currency of international trade


Factors of Weakness

United Kingdom's exit from the European Union


The Great Britain pound sterling (usually called simply “pound” or “sterling”) is the currency used in the United Kingdom and in British territories. Banknotes were introduced following the creation of the Bank of England in 1694, but the history of the currency can be traced long before that, making the pound the oldest world currency that is still in use. The sterling was the most important currency in the world before the World War I. After the World War II had broken out, several countries (for the most part those that belonged to the British Empire) either introduced the pound as their own currency, or pegged their currencies to the sterling. These countries have become know as the sterling area. The importance of the UK currency and the sterling was diminished after the pound was allowed to float freely in 1972. Subsequently, the role of the major world medium of exchange passed to the US dollar. It is still the fourth most traded currency after the dollar, the euro and the yen. The pound is also used as a reserve currency.

Great Britain Pound News Archive

Pound Rallies on Upbeat UK Manufacturing PMI and COVID-19 Success

The Sterling pound rallied against the dollar buoyed by the UK’s COVID-19 vaccination programme’s success that has seen infection and death rates decline. The GBP/USD currency pair’s rally was also fueled by the upbeat British manufacturing data released earlier today, showing the UK’s economic recovery.

GBP/CAD Rotating After 1.7178 Low

The Great Britain pound versus the Canadian dollar currency pair seems to be setting the grounds for a new rally. Any signs of the opposite?

Pound Rallies Against Dollar Boosted by Upbeat UK GDP Data, Lower US Yields

The Sterling pound fell against the dollar fueled by the upbeat UK Q4 GDP data released in the early London market as the greenback remained largely weak. The GBP/USD currency pair also benefitted from the elevated investor risk appetite that drove riskier currencies and assets higher at the dollar’s expense.

Will the Bulls Retake 1.3854 on GBP/USD?

The Great Britain pound versus the United States dollar currency pair seems to be willing to rotate towards the north. Will the bears allow it?

Pound Rallies on Upbeat UK Retail Sales Report and Positive Sentiment

The Sterling pound rallied against the dollar boosted by the upbeat UK retail sales report released earlier today as investor appetite for the pound remained high. The GBP/USD currency pair’s gains were limited by worries that the EU could halt vaccine shipments to the UK, slowing down its vaccination programme and retaliatory Chinese sanctions.

Bears Took Over GBP/CAD from 1.7285

The Great Britain pound versus the Canadian dollar currency pair seems to be under bearish pressure. Can the bulls do something for a change?

Pound Falls Against Dollar on Weak UK Inflation, Ignores Upbeat PMIs

The British pound fell against the much stronger dollar, extending yesterday’s losses amid disappointing UK inflation figures attributed to massive discounts and lockdown measures. The GBP/USD currency pair’s decline was also driven by negative investor sentiment as markets anticipate the disruption of Britain’s vaccination drive due to supply interruptions.

Pound Tumbles to 6-Week Lows Despite Upbeat Jobs Data as Dollar Soars

The Sterling pound fell to new monthly lows against the dollar despite the release of mostly upbeat UK employment data as the dollar gained against its peers. The GBP/USD currency pair fell driven by the resurgent greenback despite US Treasury yields pulling back as investors reacted to the Fed Chair’s comments downplaying inflation concerns.

Bulls Steering Toward 1.4122 on GBP/USD?

The Great Britain pound versus the United States dollar currency pair seems to be in bullish hands. Is this really so?

Pound Tumbles After BoE Keep Rates Steady Amid Rising US Treasury Yields

The Sterling pound fell against the dollar following the Bank of England’s dovish interest rate decision despite a unanimous vote to maintain the current rates. The GBP/USD currency pair’s decline was also fueled by the rising US Treasury yields, which boosted the dollar at the pound’s expense. The pair later recouped some losses.