GBPUSDBritish Pound / US Dollar
British Pound / US Dollar (GBPUSD) is a FOREX-listed fx covered by Valdrans. Last close $1.323, -0.03% on the day; -0.13% over 1 week, -2.16% over 4 weeks, -2.54% over 6 months (prices as of 11 Oct 2026).
- Last close (11 Oct 2026)
- $1.323
- Today
- -0.03%
- 1 week
- -0.13%
- 4 weeks
- -2.16%
- 6 months
- -2.54%
Coverage of GBPUSD(20)
US 30-year mortgage rate hits 7.49%, highest in nearly three years
US mortgage rates rose for a seventh consecutive week to 7.49% as of 7 October 2026, the highest level in nearly three years. Loan application volumes for both refinancing and new home purchases declined over the same period.
Nasdaq composite and Nasdaq 100 closed at record highs on 5 October 2026
The Nasdaq composite (CCMP) and Nasdaq 100 (NDX) reached all-time closing highs on 5 October 2026; the US dollar index (DXY) gained against major currency pairs, Treasury yields rose, and WTI crude oil also rose, attributed to Middle East tensions.
RBA and Bank of England warn AI investment collapse poses financial stability risks
The RBA's 1 October 2026 stability review flagged a potential AI investment collapse as a material vulnerability. Bank of England Governor Bailey on 30 September 2026 warned rapid AI-related debt growth poses financial stability risks.
ONS revises UK Q2 2026 GDP estimate upward; saving ratio reaches 8.8%
The ONS second estimate of UK GDP for Q2 2026, published 30 September 2026, revised the preliminary flash estimate upward. The household saving ratio was reported at 8.8%, up 0.2 percentage points from the prior reading.
RBA raises cash rate 25bp to 4.6%; Australian dollar falls to 0.6999
The RBA unanimously raised its cash rate by 25 basis points to 4.6% on 29 September 2026, its highest since 2011. AUD/USD traded near 0.6999 following the decision, while the US dollar strengthened against six of seven major currencies tracked.
UK Chancellor announces £6bn Royal Navy infrastructure plan on Clyde
The UK Chancellor announced a £6bn investment plan on 27 September 2026 for Royal Navy infrastructure, centred on three new floating docks on the Clyde. BAE Systems was identified as the primary industrial operator at the affected Scottish shipyard facilities.
US retail diesel hits record $6.50/gallon amid global refining shortage
US retail diesel prices reached a record $6.50 per gallon on 21 September 2026, up from approximately $6.00 per gallon two weeks prior, while Brent crude traded near $100 per barrel and UK diesel prices approached £2 per litre.
JPMorgan flags 10 mb/d supply disruption; Brent rises to $105.65
JPMorgan reported approximately 10 million barrels per day of oil supply as disrupted six months into the Iran conflict, citing Strait of Hormuz restrictions. Brent crude rose to $105.65 per barrel on 25 September from $102 earlier in the week, while WTI stood at $93.11.
Bank of Japan raises rate 25bp to 1.25%; yen weakens, Nikkei gains
The Bank of Japan raised its policy rate by 25 basis points to 1.25% on 18 September 2026; USDJPY rose toward 158.00 and the yen fell 0.72%, while the Nikkei 225 gained 1.5% and the 10-year Japanese Government Bond yield declined following the announcement.
US 10-year Treasury yield breaches 5% for first time since 2007
The 10-year US Treasury yield crossed 5% on 14 September 2026 and reached 5.04% on 15 September, its highest level in nearly two decades. TLT and IEF, which move inversely to yields, were reported under pressure alongside equity valuations, particularly in growth and technology stocks.
UK GDP rose 0.4% in July, beating zero-growth consensus estimate
UK GDP expanded 0.4% month-on-month in July 2026, against a consensus estimate of 0.0%, with year-on-year growth reaching 1.6% versus an expectation of 1.0%. The ONS released the figures alongside the July trade report at 7am BST on 11 September 2026.
Bank of England holds rate at 3.75% in 6-3 MPC vote
The Bank of England MPC voted 6-3 to hold Bank Rate at 3.75% on 30 July 2026, with three members favouring an increase. GBPUSD and UK 10-year gilts were identified in the brief as instruments connected to the decision.
UK retail sales rose 1.0% in June 2026, beating forecasts of -0.3%
UK retail sales volumes grew 1.0% month-on-month in June 2026, against a consensus forecast of a 0.3% decline, with annual growth reaching 4.2% versus a 2.3% estimate. GBPUSD and the FTSE moved following the ONS data release.
UK CPI fell to 2.6% in June 2026, below analyst expectations
UK annual consumer price inflation came in at 2.6% in June 2026, below analyst expectations, according to reported data. The brief referenced GBP and the FTSE index as instruments connected to the UK inflation environment, though no price moves for either were reported.
UK headline CPI fell to 2.6% in June 2026; core rose to 2.6%
UK headline inflation came in at 2.6% in June 2026, below the 2.7% consensus and down from 2.8% in May, while core CPI rose to 2.6% year-on-year against a 2.5% estimate. Finnhub reported market reaction to the overall print as muted.
30-year US Treasury yield approached 5.2% on 24 July 2026
The 30-year US Treasury yield rose toward 5.2% on 24 July 2026, extending a move that had already brought US Treasury yields to their highest levels of 2026 by 23 July. A global bond selloff accelerated over the period, with oil price rises and Federal Reserve rate-hike expectations reported as contributing factors.
Thames Water creditors holding £17bn debt prepare nationalisation legal challenge
Around 100 institutional investors holding ~£17bn of Thames Water's £21bn debt announced legal action preparations over nationalisation compensation terms, as reported 19 July 2026. No government statement on compensation terms had been reported.
Andy Burnham appointed UK Prime Minister; gilts extend losses
Andy Burnham was appointed UK Prime Minister on 20 July 2026, with John Healey named Chancellor of the Exchequer. UK government gilts extended losses and GBPUSD was reported as directly affected following fiscal rule flexibility signals from the new administration.
UK nationalises British Steel Scunthorpe site; China expresses strong dissatisfaction
The UK government took British Steel's Scunthorpe steelworks into public ownership on 16 July 2026 under the Steel Industry (Nationalisation) Act, expropriating the facility from Jingye. China's Ministry of Commerce issued a formal dissatisfaction statement on 17 July 2026.
Shabana Mahmood appointed UK Chancellor under new PM Andy Burnham
GBPUSD, UK gilts, and the FTSE 100 recorded positive moves following the announced appointment of Shabana Mahmood as Chancellor of the Exchequer under incoming Prime Minister Andy Burnham, who replaced Keir Starmer as UK government leader on 15 July 2026.