--- title: "Exchange rate of the British pound (GBP)" url: https://www.ibani.com/en/currency-converter/currencies/gbp-british-pound lang: en date_modified: 2026-11-05 --- Currency · GBP · £ # Exchange rate of the British pound (GBP) The British pound is the official currency of the United Kingdom and the oldest currency still in circulation. Convert it at the **real interbank rate**, in real time, with a transparent margin from 0.40% to 0.15%. [Open my free account](https://www.ibani.com/en/app) See GBP rates **GBP**ISO code · £ **BoE**Central bank **0.15%**Margin from ### Simulate your transfer No hidden fees — Live rate — Estimated annual saving — vs. a traditional bank Per monthly transfer · [Live rates](https://www.ibani.com/en/currency-converter) · [Pricing](https://www.ibani.com/en/rates) [Get started — It's free](https://www.ibani.com/en/app) [![App Store](https://www.ibani.com/images/appstore-badge.svg)](https://apps.apple.com/app/ibani-borderless-money/id1382598762)[![Google Play](https://www.ibani.com/images/google-play-badge.svg)](https://play.google.com/store/apps/details?id=com.ibani.mobile&hl=en) \* 100% digital sign-up in 5 minutes. Zero account opening or maintenance fees. **35'000+ clients**Individuals & businesses **CHF 1 Billion+**Exchanged since 2018 **Up to 10× cheaper**Than a traditional bank **4.7/5 · Excellent**On 2'000+ client reviews [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg) SO-FIT (SRO) affiliated\*](https://so-fit.ch/) The British pound in brief ## The essentials about the British pound (GBP) The key facts about the world's oldest currency, and how to convert it at a fair rate. ### ISO code GBP, symbol £ The official currency of the United Kingdom and its overseas territories, the oldest currency still in use. ### Managed by the BoE The Bank of England runs UK monetary policy with an inflation target of 2%. ### 4th most-traded currency Driven by the City of London, a major financial centre. The GBP/CHF pair is closely watched in Switzerland. ### Exchange from 0.15% at ibani A sliding, transparent margin applied to the real rate, with no hidden fees. Our experts' analysis ## The British pound, currency of the City of London. The British pound (GBP), nicknamed "Cable" in Forex jargon — a reference to the transatlantic cable that once linked London to New York to telegraph rates — remains one of the major currencies of the foreign exchange market and the fourth most-traded in the world. For Swiss players, expatriates or businesses with commercial ties to the United Kingdom, the **GBP/CHF** pair deserves particular attention: the pound is sensitive to British political announcements, the post-Brexit context and the decisions of its central bank. Following these factors helps optimise the timing of conversions and protect margins. GBP key facts ISO code**GBP · £** Central bank**BoE** Area of use**United Kingdom** Global rank**4th most-traded currency** Monetary policy ## The BoE's policy for the pound The Bank of England (BoE), nicknamed "The Old Lady of Threadneedle Street", is the institution responsible for British monetary policy. Its main objective is price stability, with an inflation target generally set at 2%. To steer the British economy, the BoE deploys several instruments: ### The policy rate (Bank Rate) The main lever. Faced with post-pandemic inflation and the repercussions of Brexit, the BoE raised its rate several times in 2022-2023, which historically tends to support the pound. ### Asset purchase programmes (QE) Quantitative easing was widely used during major crises to inject liquidity, generally weighing on the valuation of the pound. The meetings of the Monetary Policy Committee (MPC) are closely followed events: the votes of its members and their communications map out the trajectory of the pound on the foreign exchange market and directly influence its purchasing power as well as the competitiveness of British exports. History of the pound ## Key dates of the British pound 1694 ### Creation of the Bank of England Founded as banker to the British government to raise funds in times of war, it would give rise to the first modern banknotes. 1944 ### Bretton Woods Agreements The pound loses its status as the world's main reserve currency to the US dollar, while retaining a fixed parity with it until 1971. 1992 ### "Black Wednesday" Under massive speculation, the pound is forced to leave the European Monetary System (EMS) and suffers a sharp devaluation. 2016 ### The Brexit referendum The vote in favour of leaving the European Union causes an immediate fall of more than 10% in the pound against the dollar and the euro, opening a long era of uncertainty. 2020 ### Impact of the COVID-19 pandemic A flash plunge of the pound on the markets in the face of the health crisis; the BoE responds by cutting its rates to historic lows. 2022 ### Aggressive rate hikes Faced with surging inflation and turmoil in the bond markets, the BoE delivers a series of sharp rate hikes to support the pound. Today's rates ## Our rates for the British pound (GBP) Indicative value for 1 unit, ibani margin included. Click a pair for its details and history. Indicative rate as of 5 November 2026, ibani margin included; the rate applied is the one in effect when you place your order. | | [CHF](https://www.ibani.com/en/currency-converter/currencies/chf-swiss-franc) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | [USD](https://www.ibani.com/en/currency-converter/currencies/usd-us-dollar) | [CAD](https://www.ibani.com/en/currency-converter/currencies/cad-canadian-dollar) | [SGD](https://www.ibani.com/en/currency-converter/currencies/sgd-singaporean-dollar) | | --- | --- | --- | --- | --- | --- | | From GBP 1 | [1.0927GBP to CHF rate](https://www.ibani.com/en/currency-converter/gbp-to-chf-rate) | [1.1948GBP to EUR rate](https://www.ibani.com/en/currency-converter/gbp-to-eur-rate) | [1.3417GBP to USD rate](https://www.ibani.com/en/currency-converter/gbp-to-usd-rate) | [1.8754GBP to CAD rate](https://www.ibani.com/en/currency-converter/gbp-to-cad-rate) | [1.7138GBP to SGD rate](https://www.ibani.com/en/currency-converter/gbp-to-sgd-rate) | | To GBP 1 | [0.9060CHF to GBP rate](https://www.ibani.com/en/currency-converter/chf-to-gbp-rate) | [0.8286EUR to GBP rate](https://www.ibani.com/en/currency-converter/eur-to-gbp-rate) | [0.7379USD to GBP rate](https://www.ibani.com/en/currency-converter/usd-to-gbp-rate) | — | — | From the British pound (GBP) [GBP CHF](https://www.ibani.com/en/currency-converter/gbp-to-chf-rate) [GBP EUR](https://www.ibani.com/en/currency-converter/gbp-to-eur-rate) [GBP USD](https://www.ibani.com/en/currency-converter/gbp-to-usd-rate) [GBP CAD](https://www.ibani.com/en/currency-converter/gbp-to-cad-rate) [GBP SGD](https://www.ibani.com/en/currency-converter/gbp-to-sgd-rate) [See all our currencies →](https://www.ibani.com/en/currency-converter/currencies) News ## Latest analysis on currency exchange ### USD/CHF Forecast (November 2026): The Dollar at Its Lowest Since September After the Democratic Win in the Midterm Elections As of November 4, 2026, the dollar is worth 0.8155 franc, its lowest level in reference rates since September 11, after the Democratic win in the midterm elections. A Fed hike in December remains the market's scenario. [Read article](https://www.ibani.com/en/guides/chf-usd-exchange-rate-forecast) ### EUR/CHF Forecast November 2026: Euro Falls Below 0.9200 Against the Franc On 30 October 2026, the first reference rate published after the ECB's decision to hold its rates, the euro fell below 0.9200 against the franc, to 0.9194, its lowest level since 3 July, against 0.9222 on the 29th. The ECB leaves a December hike open; the National Assembly votes on 3 November on the first part of the French budget. [Read article](https://www.ibani.com/en/guides/chf-eur-exchange-rate-forecast) ### GBP/CHF Forecast: The Pound Holds Firm Against the Franc Ahead of the Bank of England (November 2026) As of 30 October 2026, the pound sterling is worth 1.1027 francs, up 1.1% since 2 October. After a budget without a jolt, the Bank of England decides on Thursday 5 November; the market expects its rate to be raised to 4%. [Read article](https://www.ibani.com/en/guides/chf-gbp-exchange-rate-forecast) Frequently asked questions ## Frequently asked questions about the British pound (GBP) Always compare the rate offered with the real interbank rate (mid-market). A specialised online exchange service like ibani starts from that real rate and adds only a transparent margin from 0.40% to 0.15%, with no hidden fees, where a bank often applies a much wider spread. Compare with our [rate comparison tool](https://www.ibani.com/en/compare-exchange-rates). The British pound is managed by the Bank of England (BoE), which runs the United Kingdom's monetary policy with an inflation target of 2%. The decisions of its Monetary Policy Committee (MPC) on the policy rate (Bank Rate) directly influence the value of the pound against other currencies. The British pound moves mainly according to the decisions of the Bank of England, the UK's macroeconomic indicators (inflation, growth, employment) and the post-Brexit political climate. The status of the City of London as a financial centre and the markets' risk appetite also play a role in the GBP/CHF pair. You can convert the British pound (GBP) into Swiss francs (CHF), euros (EUR), US dollars (USD), Canadian dollars (CAD) and Singapore dollars (SGD), as well as other currencies such as the Turkish lira, the Japanese yen, the Norwegian and Swedish kronor, the New Zealand dollar and the Hong Kong dollar. ## Exchange your British pounds at the fair market rate. Get a personal Swiss IBAN, convert the British pound at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Opening an account is free, 100% digital and takes just 5 minutes. [OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [Back to the converter](https://www.ibani.com/en/currency-converter) ✓ Real interbank rate  ·  ✓ Margin from 0.15%  ·  ✓ Affiliated with SO-FIT (SRO) [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg)](https://so-fit.ch/) ## Swiss financial intermediary subject to the AMLA regulatory framework Your money is handled with the utmost regulatory rigour. ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name. ibani SA is affiliated with [SO-FIT](https://so-fit.ch/) as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority ([FINMA](https://www.finma.ch/en/authorisation/self-regulatory-organisations-sros/)).