It is driven mainly by the interest-rate gap between the Bank of England and the US Federal Reserve, UK inflation and growth data, and global risk sentiment.

Why is GBP/USD called "cable"?

The nickname dates to the 19th century, when GBP/USD quotes were transmitted between London and New York over a transatlantic telegraph cable.

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British Pound (GBP/USD) news & analysis

GBP/USD is the exchange rate between the British pound and the US dollar, often called "cable" in the market.

Why is GBP/USD up or down today?

The British Pound firmed against a softer US Dollar after disappointing US jobs data, pushing GBPUSD to test 1.3500. However, safe-haven demand linked to Hormuz risk provided some dollar support, capping the pound's advance. Market attention now turns to UK Q2 GDP data due this week.

Updated 7 min. ago

Latest news

British Pound moves away from multi-week top as Hormuz risks support USD
www.fxstreet.com · 11 hr. ago
Sterling today: Pound firms as soft U.S. jobs data weighs on dollar
www.investing.com · 4 hr. ago
British Pound tests 1.3500 as US Dollar struggles to shake off NFP shock
www.fxstreet.com · 2 hr. ago
Forex Today: Post-NFP US Dollar selloff pauses
www.fxstreet.com · 6 hr. ago
British Pound outperforms at the start of the UK Q2 GDP data week
www.fxstreet.com · 6 hr. ago
British Pound rallies to over one-week high as fiscal woes and rate gap hammer Yen
www.fxstreet.com · 5 hr. ago
Here are the 2 big things we're watching in the stock market in the week ahead
www.cnbc.com · 23 hr. ago
Euro dips further against the British Pound hit by higher Oil prices
www.fxstreet.com · 5 hr. ago

Upcoming economic events

2026-08-10 — Cleveland Fed Inflation Expectations · USD
2026-08-10 — FOMC Member Hammack Speaks · USD
2026-08-10 — BRC Retail Sales Monitor y/y · forecast 1.5% · GBP
2026-08-10 — 30-y Bond Auction · GBP
2026-08-10 — 10-y Bond Auction · GBP
2026-08-11 — NFIB Small Business Index · forecast 97.8 · USD
2026-08-11 — ADP Weekly Employment Change · USD
2026-08-11 — Existing Home Sales · forecast 4.05M · USD

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Frequently asked questions

What is GBP/USD?: GBP/USD is the exchange rate between the British pound and the US dollar, often nicknamed "cable."
What moves GBP/USD?: It is driven mainly by the interest-rate gap between the Bank of England and the US Federal Reserve, UK inflation and growth data, and global risk sentiment.
Why is GBP/USD called "cable"?: The nickname dates to the 19th century, when GBP/USD quotes were transmitted between London and New York over a transatlantic telegraph cable.
Why is GBP/USD up or down today?: GBP/USD's daily direction tends to follow the Bank of England versus Federal Reserve rate outlook and UK data surprises, alongside global risk sentiment. The section at the top of this page covers today's specific driver as it develops.

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