The British pound rose toward $1.35, buoyed by optimism over a Middle East ceasefire. Israel and Lebanon’s agreement to halt hostilities raised hopes for broader de-escalation in the US-Israeli conflict with Iran, though Tehran denied progress in talks with Washington and clashes continued in Lebanon. Meanwhile, the Republican-led US House voted to halt military action against Iran, defying President Trump’s administration. On monetary policy, markets are pricing in nearly two Bank of England rate hikes this year, with the first expected in September, as policymakers balance rising inflation against early signs of a cooling labor market.

The GBP/USD exchange rate rose to 1.3436 on June 4, 2026, up 0.13% from the previous session. Over the past month, the British Pound has weakened 0.78%, and is down by 0.99% 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 June 4 of 2026.

The GBP/USD exchange rate rose to 1.3436 on June 4, 2026, up 0.13% from the previous session. Over the past month, the British Pound has weakened 0.78%, and is down by 0.99% over the last 12 months. The British Pound is expected to trade at 1.35 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.38 in 12 months time.



Crosses Price Day Year Date
GBPUSD 1.3436 0.0018 0.13% -0.99% Jun/04
EURGBP 0.8651 0.0007 0.08% 2.58% Jun/04
GBPAUD 1.8817 -0.0008 -0.04% -9.79% Jun/04
GBPNZD 2.2865 -0.0020 -0.09% 1.70% Jun/04
GBPJPY 214.9420 0.1778 0.08% 10.34% Jun/04
GBPCNY 9.1025 0.0046 0.05% -6.53% Jun/04
GBPCHF 1.0599 -0.0030 -0.28% -4.74% Jun/04
GBPCAD 1.8669 0.0023 0.13% 0.61% Jun/04
GBPMXN 23.2344 -0.0405 -0.17% -10.65% Jun/04
GBPINR 128.5242 -0.0239 -0.02% 10.31% Jun/04
GBPBRL 6.8110 -0.0065 -0.09% -10.84% Jun/04
GBPRUB 98.6190 -0.4185 -0.42% -5.92% Jun/04
GBPKRW 2,058.8214 -0.3432 -0.02% 11.93% Jun/04
GBPIDR 24,202.4440 111.9463 0.46% 9.72% Jun/04
GBPSEK 12.5697 -0.0546 -0.43% -3.14% Jun/04
GBPPLN 4.8979 -0.0106 -0.22% -3.53% Jun/04
GBPARS 1,929.0450 -1.7902 -0.09% 19.69% Jun/04
GBPCZK 27.9739 -0.0359 -0.13% -4.88% Jun/04
GBPDKK 8.6386 -0.0068 -0.08% -2.33% Jun/04
GBPHUF 408.8151 -3.1540 -0.77% -14.46% Jun/04
GBPNOK 12.5084 -0.0030 -0.02% -8.72% Jun/04
 Currencies
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Related Last Previous Unit Reference
United Kingdom Inflation Rate 2.80 3.30 percent Apr 2026
United States Inflation Rate 3.80 3.30 percent Apr 2026
United States Fed Funds Interest Rate 3.75 3.75 percent May 2026
United Kingdom Interest Rate 3.75 3.75 percent May 2026
United States Unemployment Rate 4.30 4.30 percent Apr 2026
United Kingdom Unemployment Rate 5.00 4.90 percent Mar 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
1.34 1.34 2.86 1.03 1957 - 2026 Daily

News Stream
Pound Nears $1.35 on Middle East Ceasefire Hopes
The British pound rose toward $1.35, buoyed by optimism over a Middle East ceasefire. Israel and Lebanon’s agreement to halt hostilities raised hopes for broader de-escalation in the US-Israeli conflict with Iran, though Tehran denied progress in talks with Washington and clashes continued in Lebanon. Meanwhile, the Republican-led US House voted to halt military action against Iran, defying President Trump’s administration. On monetary policy, markets are pricing in nearly two Bank of England rate hikes this year, with the first expected in September, as policymakers balance rising inflation against early signs of a cooling labor market.
2026-06-04
Pound Little-Changed Amid Geopolitical Tensions
The British pound stayed just above $1.34 as investors remained cautious due to ongoing tensions between Iran and the US and fears that prolonged conflict could sustain high inflation. Iran claimed it targeted a US command ship in the Gulf of Oman, while the Republican-led House voted to halt US military action against Iran, breaking with US President Donald Trump. While this won’t stop attacks, it represents a rare rebuke of his administration. Israel and Lebanon also agreed to a conditional ceasefire, with Prime Minister Benjamin Netanyahu warning of potential further strikes. On monetary policy, markets are anticipating nearly two Bank of England interest rate hikes this year, with the first increase widely expected in September, as policymakers navigate the dual challenge of tackling rising inflation while addressing early signs of a cooling labor market.
2026-06-04
Pound Slightly Up as Markets Wait for Clarity on Middle East
The British pound edged higher to $1.347 as investors awaited clarity on Middle East peace efforts. Conflicting accounts emerged from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu regarding a call about the Lebanon conflict, with Trump stating he had urged both sides to cease hostilities, while Netanyahu’s description was less explicit. The mixed signals follow reports that Iran had paused negotiations with the US, insisting on an end to Lebanon clashes as a condition for any broader agreement, though Trump asserted that talks with Iran were progressing rapidly. On the monetary policy front, investors are pricing in nearly two Bank of England interest rate hikes this year, with the first increase fully expected in September. Policymakers face the dual challenge of addressing rising inflation while managing a labor market that is showing early signs of weakening.
2026-06-02