USD GBP exchange rate – additional information
Over the past two years, the monthly exchange rate of the U.S. dollar to the British Pound has experienced pronounced fluctuations. In February of 2016, one U.S. dollar could buy around 0.72 British Pounds. This value increased to a high of 0.81 in December 2016. Since that time, the exchange rate of the U.S. dollar to the British Pound has decreased steadily, reaching a value of 0.71 in March 2018. However, within the same period of time, between February 2016 and March 2018, the exchange rate of Euro to British Pound has increased considerably, with one Euro being able to buy 0.79 British Pounds and 0.87 British Pounds in February 2016 and March 2018 respectively. The highest average annual exchange rate of the Euro to British Pound was recorded in 2009.
With a referendum pending this summer where Britain will choose to leave or remain in the European Union, there is some speculation of how a Brexit would affect exchange rates and estimates of what would exchange rates might look like if Britain remains part of the European Union. Different scenarios and the effect on exchange rates have been estimated according to no referendum, the UK remaining in the EU and the UK leaving the EU.
It was predicted that if the UK leaves, the UK economy will slow and the EUR/GDP would peak to 0.90 in 2017, where the Euro could buy around 0.90 British Pounds compared to keeping a steady exchange rate at 0.73 if Britain remains in the European Union.