The British pound advanced toward $1.37, rebounding from recent volatility and edging closer to its late-January high of $1.387, as the US dollar weakened ahead of the closely watched January jobs report. The data is expected to show a modest pickup in hiring, though uncertainty remains after several US officials, including White House economic adviser Kevin Hassett, warned that job growth could slow in the months ahead. Sterling also found support as political tensions in the UK eased. Prime Minister Keir Starmer secured backing from cabinet members and across the Labour Party following the resignation of his chief of staff, Morgan McSweeney, amid the Lord Peter Mandelson controversy. Meanwhile, markets continued to price in further rate cuts from the Bank of England. Although the central bank kept its benchmark rate unchanged at 3.75% in a split vote, policymakers adopted a more dovish tone, signaling that inflation is likely to move back toward the 2% target from April onward.
The GBP/USD exchange rate rose to 1.3691 on February 11, 2026, up 0.35% from the previous session. Over the past month, the British Pound has strengthened 1.69%, and is up by 10.01% 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 February 11 of 2026.
The GBP/USD exchange rate rose to 1.3691 on February 11, 2026, up 0.35% from the previous session. Over the past month, the British Pound has strengthened 1.69%, and is up by 10.01% over the last 12 months. The British Pound is expected to trade at 1.37 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.39 in 12 months time.