Monthly exchange rate of British pound to U.S. dollar 2015-2020

The month end exchange rate of the British pound (GBP) to U.S. dollar (USD) between January 2015 and February 2020 has seen an overall decrease from 1.5 USD to GBP in January 2015 to 1.29 as of the end of February 2020. The sharpest fall in the exchange rate during this period was seen after the United Kingdom (UK) held a referendum on its European Union membership in June 2016.

What affects an exchange rate

There are several factors that can affect an exchange rate. In terms of the current situation, the political and economic standings surrounding Brexit is probably the largest driver in the current form of the British pound. Other factors include inflation and interest rates, public debts, deficits as well as the country's export prices to import prices ratio.

British pound to Euro

Since the United Kingdom (UK) held a referendum on its European Union membership in June 2016, the British pound's (GBP) standing against the Euro has also been affected. With new negotiations due to start between the UK and EU as well as the spreading concern with the Coronavirus, the British pound against the Euro has seen a three-month low.

British pound sterling (GBP) to U.S. dollar (USD) monthly exchange rate from January 2015 to February 2020

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Source

Release date

March 2020

Region

United States, United Kingdom (Great Britain)

Survey time period

January 2015 to February 2020

Supplementary notes

Figures rounded.
Figures taken from months end.

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