Exchange Rate Now!

The Great Britain Pound used to be one of the renowned “expensive” currency in the world. As recent as Jul 2008, it was trading at 1 GBP = 2 USD. It took a tumble during the financial crisis later in the year to a 1 GBP = 1.45 USD before recovering part of it to current levels of 1 GBP = 1.67  USD. Still one of the more “expensive” currency around though. To find the latest exchange rate between the Great Britain Pound (GBP) and US Dollar (USD), use the tool at the end of this post.

USD Against GBP

At current levels, UK products are considered attractive. This is especially so for products coming from retail outlets with a global presence (Marks and Spencers for example). For students who are considering studying in United States, UK universities is an attractive alternative, due to the depreciation of the Sterling Pounds against the US Dollar. Tourists however, will be inclined to visit UK at this opportunity where the still attractive Sterling Pound will burn a lesser hole in the pockets.

As the US Dollar is still the current undisputed leader in currency stability, global investors are looking more to US properties due to the low valuations (property prices tumbled during the financial crisis) and stable currency. There is also the belief that US financial industries (insurance, properties and investment companies) will be “hardened” and therefore come out more reliable.

So it looks like the Greenback, as the US Dollar is dearly known, has emerged stronger from the financial crisis and is here to stay. Comparatively, the future of the UK Sterling Pound looks bleak and the difference in global standing between the UK Sterling Pounds and the US Dollar will continue to widen. Some analyst have forecast that as if the trend of a weakening Pound against the US Dollar continue, the UK Government might have a strong case to jump into Euro bandwagon.

Note: For Great Britain Pound/ US Dollar Rates, use our real-time currency exchange rate calculator here.