Best USD/GBP exchange rate for Oct 20, 2018 | finder.com

US Dollar to Pound Sterling Exchange Rate

Live Rate

= £ 0.7650

Refreshing in: 60s | Sat, 20 Oct 11:34am GMT

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Historical Rate chart of USD and GBP

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Updated: 20 Oct 2018 11:34:57 UTC
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    US Dollar

    The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
    Currency:US Dollar
    Currency Symbol:$
    Sub unit:cents
    Sub unit symbol:c
    Bank notes:$1, $5, $10, $20, $50, $100
    Coins:1c, 5c, 10c, 25c, 50c

    Pound Sterling

    The British pound sterling is the official currency of the United Kingdom and the fourth most traded currency in the world. Unlike the majority of European countries, the UK declined adopting the euro in 1999, and the pound continues to be an important currency benchmark for many nations.
    Currency:Pound Sterling
    Currency Symbol:£
    Sub unit:penny
    Sub unit symbol:p
    Bank notes:£1, £5, £10, £20, £50
    Coins:1p, 2p, 5p, 10p, 20p, 50p, £1, £2

    US Dollar to the Pound Sterling for the last 10 years

    Oct 2008 Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017
    1 USD = 0.5776 Inverse: 1.7314 0.6113 Inverse: 1.6357 0.6360 Inverse: 1.5724 0.6333 Inverse: 1.5790 0.6209 Inverse: 1.6106 0.6184 Inverse: 1.6171 0.6214 Inverse: 1.6092 0.6478 Inverse: 1.5436 0.8196 Inverse: 1.2201 0.7581 Inverse: 1.3191

    How does the US dollar trade against the Pound sterling historically?

    From late 2002 onward, the burst of the dot-com bubble and high levels of mortgage debt weakened the US dollar. This lead to steady losses against the pound until it reached $2.09 against the pound in early November 2007. At the same time, the mortgage crisis pushed the value of the US dollar lower relative to many other major currencies.

    Soon after, global financial difficulties spread to the UK. Its economy suffering, the government implemented a quantitative easing program to increase the supply of money and stimulate the economy. This prompted a drop in value for the pound against the US dollar and most other major currencies, with the US dollar experiencing a sharp spike $1.36 per pound by January 2009.

    Despite the reasonably steady performance of the pound, analysts are concerned by the effect of rising debt in the UK on the economy. When Moody’s downgraded the UK’s debt rating in 2013, it was the first time ever the UK had suffered a downgrade.

    Not long after, the US economy began to enjoy a sustained period of recovery and then growth. With improving employment figures, higher domestic production of commodities and a rise in levels of consumer confidence, the dollar rose in value against major currencies around the world, climbing to $1.49 against the pound in the first half of 2015.

    US Dollar to the Pound Sterling for the last 10 months

    Dec 2017 Jan 2018 Feb 2018 Mar 2018 Apr 2018 May 2018 Jun 2018 Jul 2018 Aug 2018 Sep 2018
    1 USD = 0.7480 Inverse: 1.3370 0.7215 Inverse: 1.3860 0.7127 Inverse: 1.4032 0.7141 Inverse: 1.4004 0.7100 Inverse: 1.4084 0.7425 Inverse: 1.3468 0.7543 Inverse: 1.3258 0.7646 Inverse: 1.3078 0.7842 Inverse: 1.2752 0.7650 Inverse: 1.3071

    US Dollar to the Pound Sterling for the last 10 days

    Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16 Oct 17 Oct 18 Oct 19
    1 USD = 0.7573 Inverse: 1.3205 0.7557 Inverse: 1.3234 0.7601 Inverse: 1.3156 0.7601 Inverse: 1.3156 0.7632 Inverse: 1.3103 0.7602 Inverse: 1.3154 0.7583 Inverse: 1.3188 0.7633 Inverse: 1.3101 0.7681 Inverse: 1.3019 0.7650 Inverse: 1.3072

    What affects USD > GBP exchange rates?

    On the heels of ‘Brexit’, Britain’s decision to leave the EU on June 23, 2016 the British pound fell dramatically. Just one day later, the pound suffered its steepest one-day fall to close at $1.36. Fears over a possible UK recession further brought the pound to a 31-year low — a larger drop than during the financial global crisis of 2008.If the pound continues to depreciate, UK’s central Bank of England may be forced to intervene by purchasing more pounds or raising interest rates. Such a move could affect homeowners in the UK. In the GBP’s steepest one-day fall, the pound closed at 1.36 USD on Friday, 24 June 2016.

    Experts are unable to predict what the future holds in the global markets. The UK is the world’s fifth-largest economy, and it’s also a strong US trading partner. While the UK’s unprecedented decision to leave the EU has triggered a stronger dollar, the US economy could feel negative repercussions of Brexit.

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    Market rate for common transfer amounts USD to GBP

    US Dollars (USD) Pound Sterling (GBP)
    $1 0
    $100 0
    $500 0
    $1000 0
    $1500 0
    $2500 0
    $5000 0

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