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 pound has slipped below 1.3400 against a firmer US dollar. The move follows hawkish Federal Reserve commentary, including warnings on inflation from policymaker Goolsbee, and expectations of sustained US rate pressure that highlight policy divergence with the Bank of England. Attention is on further Fedspeak and weekly ADP figures, with higher oil prices also underpinning the dollar.

Updated Sep 21, 19:33 UTC

Latest news

Forex Today: Fedspeak takes centre stage alongside weekly ADP figures
www.fxstreet.com · Sep 21, 17:45 UTC
British Pound loses grip on 1.34 as Fed hawks stay in charge
www.fxstreet.com · Sep 21, 16:32 UTC
Fed policymaker Goolsbee warns strong demand may be fueling US inflation as rate hike outlook hardens
investinglive.com · Sep 21, 10:50 UTC
Sterling today: Pound edges lower as oil, Fed hike bets underpin dollar
www.investing.com · Sep 21, 09:34 UTC
British Pound sticks to losses vs firmer USD as Fed-BoE divergence favors bears
www.fxstreet.com · Sep 21, 08:01 UTC
GBP/USD Price Forecast: Declines below 1.3400 as bearish momentum persists below 100-day SMA
www.fxstreet.com · Sep 21, 05:42 UTC
British Pound slips as hawkish Fed outlook boosts US Dollar
www.fxstreet.com · Sep 21, 01:11 UTC
Fed rate hike points to sustained rate pressure and stronger dollar, says GlobalData
www.hellenicshippingnews.com · Sep 20, 19:56 UTC

Upcoming economic events

2026-09-21 — FOMC Member Goolsbee Speaks · USD
2026-09-21 — CBI Realized Sales · GBP
2026-09-22 — Public Sector Net Borrowing · forecast 15.2B · GBP
2026-09-22 — CBI Industrial Order Expectations · forecast -33 · GBP
2026-09-22 — ADP Weekly Employment Change · USD
2026-09-22 — Richmond Manufacturing Index · forecast 2 · USD
2026-09-22 — FOMC Member Williams Speaks · USD
2026-09-22 — FOMC Member Jefferson Speaks · 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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