The British pound edged above $1.34, marking its strongest level since late February and on track for a nearly 1.5% weekly gain against the dollar, supported by optimism over a potential Russia-Ukraine peace deal and a cautious stance ahead of US-Iran ceasefire talks this weekend. Ukraine’s lead negotiator hinted at progress in talks with Russia, raising hopes for a swift end to Europe’s bloodiest conflict since World War II. Meanwhile, US-Iran negotiations are set for Saturday, though tensions remain high as Tehran maintains its Strait of Hormuz blockade, the worst energy disruption in history. President Trump balanced optimism with warnings over Iran’s new shipping fees. On the monetary front, rising oil prices stoked inflation fears, leading markets to price in a more hawkish Bank of England, with traders now expecting at least one BoE rate hike by end-2026.

The GBP/USD exchange rate rose to 1.3458 on April 10, 2026, up 0.22% from the previous session. Over the past month, the British Pound has strengthened 0.35%, and is up by 2.89% over the last 12 months. Historically, the British Pound reached an all time high of 2.86 in December of 1957. British Pound - data, forecasts, historical chart - was last updated on April 11 of 2026.

The GBP/USD exchange rate rose to 1.3458 on April 10, 2026, up 0.22% from the previous session. Over the past month, the British Pound has strengthened 0.35%, and is up by 2.89% over the last 12 months. The British Pound is expected to trade at 1.33 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.35 in 12 months time.



Crosses Price Day Year Date
GBPUSD 1.3464 0.0030 0.22% 2.93% Apr/10
EURGBP 0.8708 0.0002 0.02% 0.43% Apr/10
GBPAUD 1.9057 0.0085 0.45% -8.36% Apr/10
GBPNZD 2.3063 0.0122 0.53% 2.69% Apr/10
GBPJPY 214.4404 0.8979 0.42% 14.23% Apr/10
GBPCNY 9.1879 0.0138 0.15% -3.61% Apr/10
GBPCHF 1.0618 -0.0003 -0.03% -0.41% Apr/10
GBPCAD 1.8637 0.0074 0.40% 2.68% Apr/10
GBPMXN 23.3139 -0.0167 -0.07% -12.33% Apr/10
GBPINR 125.2824 1.0618 0.85% 11.26% Apr/10
GBPBRL 6.7345 -0.1126 -1.64% -11.76% Apr/10
GBPRUB 103.7060 -0.5724 -0.55% -4.76% Apr/10
GBPKRW 1,996.2683 15.3496 0.77% 7.38% Apr/10
GBPIDR 22,999.1217 71.9966 0.31% 4.68% Apr/10
GBPSEK 12.4432 -0.0141 -0.11% -2.68% Apr/10
GBPPLN 4.8612 -0.0167 -0.34% -1.69% Apr/10
GBPARS 1,844.7558 -11.7603 -0.63% 31.17% Apr/10
GBPCZK 27.9002 -0.0961 -0.34% -3.70% Apr/10
GBPDKK 8.5845 0.0015 0.02% -0.22% Apr/10
GBPHUF 428.7904 -3.8172 -0.88% -11.27% Apr/10
GBPNOK 12.7597 0.0008 0.01% -9.06% Apr/10
 Currencies
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Related Last Previous Unit Reference
United States Inflation Rate 3.30 2.40 percent Mar 2026
United Kingdom Inflation Rate 3.00 3.00 percent Feb 2026
United Kingdom Interest Rate 3.75 3.75 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
United States Unemployment Rate 4.30 4.40 percent Mar 2026
United Kingdom Unemployment Rate 5.20 5.20 percent Jan 2026

British Pound
The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery.
Actual Previous Highest Lowest Dates Unit Frequency
1.35 1.34 2.86 1.03 1957 - 2026 Daily

News Stream
Sterling Rises to Over One-Month High
The British pound edged above $1.34, marking its strongest level since late February and on track for a nearly 1.5% weekly gain against the dollar, supported by optimism over a potential Russia-Ukraine peace deal and a cautious stance ahead of US-Iran ceasefire talks this weekend. Ukraine’s lead negotiator hinted at progress in talks with Russia, raising hopes for a swift end to Europe’s bloodiest conflict since World War II. Meanwhile, US-Iran negotiations are set for Saturday, though tensions remain high as Tehran maintains its Strait of Hormuz blockade, the worst energy disruption in history. President Trump balanced optimism with warnings over Iran’s new shipping fees. On the monetary front, rising oil prices stoked inflation fears, leading markets to price in a more hawkish Bank of England, with traders now expecting at least one BoE rate hike by end-2026.
2026-04-10
Sterling Trades at Over One-Month High
The British pound traded just above $1.34, reaching its strongest level since late February and heading for a near 1.5% weekly gain against the US dollar, as market attention remained fixed on the fragile US-Iran ceasefire and the high-stakes negotiations set for Pakistan this weekend. Tehran maintained its near-total blockade of the Strait of Hormuz, causing the worst disruption to global energy supplies in history while insisting on Lebanon’s inclusion in peace talks. Meanwhile, US President Trump struck a mixed tone, expressing optimism about a potential deal but later warning Iran over new fees imposed on ships passing through the critical waterway. On the monetary policy front, rising oil prices reignited inflation concerns, prompting markets to price in a more hawkish Bank of England, with traders now anticipating at least one BoE rate hike by the end of 2026.
2026-04-10
Sterling Holds Near $1.34 Amid Geopolitical Tensions
The British pound stabilized just under $1.34 as investors monitored the increasingly fragile US-Iran ceasefire. Tensions surged after Israel launched its most severe airstrikes on Lebanon yet, causing hundreds of casualties and provoking Iranian threats of retaliation. Tehran ruled out further peace negotiations with the US, while the ongoing blockade of the Strait of Hormuz intensified pressure on the already shaky truce, driving oil prices upward. Compounding the uncertainty, US President Donald Trump announced that US forces would remain deployed near Iran until a “real agreement” is reached. Amid these developments, financial markets are anticipating a greater chance of further interest rate hikes by the Bank of England, with at least one increase projected by the end of 2026.
2026-04-09