The real GBP/USD rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
GBP → USD · Real-time rateConvert pounds sterling
to dollars (GBP → USD)
1 GBP = 1.3258 USD as of 29 October 2026 (indicative rate for an amount below the equivalent of CHF 10,000, ibani margin included; the rate applied is the one in effect when you place your order).
Exchange your pounds sterling (GBP) into US dollars (USD) at the real interbank rate, in real time. Ideal for your international transfers, purchases and investments, with a margin from 0.40% to 0.15% and no hidden fees.
GBP → USDCurrency pair
Real timeMarket rate
0.15%Margin from
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No hidden fees1 GBP = 1.3258 USD Rate as of 29 October 2026
1'325.78
Estimated annual saving
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1 Billion CHF+Exchanged since 2018
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GBP/USD conversion in brief
Convert pounds sterling to dollars, at the right rate
The essentials for changing your GBP to USD with no nasty surprises on the rate or the fees.
A margin from 0.15%
Transparent and decreasing, up to 10× cheaper than a bank. No hidden fees.
Personal Swiss IBAN
Fund an IBAN in your name in pounds sterling, converted to dollars automatically.
A reliable Swiss partner
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
What you really pay
GBP → USD: ibani, bank or exchange office?
On a transfer of 10,000 GBP, the margin applied to the rate makes all the difference to the amount received.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | “In-house” rate | “In-house” rate |
| Exchange margin | 0.35%* | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 CHF | Variable | — |
| Estimated cost on 10,000 GBP* | ~35 GBP | ~175 GBP | > 200 GBP |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a transfer of 10,000 GBP converted to USD (about 11,000 CHF, i.e. the 0.35% margin tier). See the details on our Pricing page.
Rate trend
GBP / USD exchange rate live
Follow the pair's trend to choose the right moment for your exchange.
| Indicator | 30 days | 90 days |
|---|---|---|
| High | 1.3402 | 1.3656 |
| Low | 1.3201 | 1.3201 |
| Average | 1.3283 | 1.3417 |
| Change | +0.31% | −1.00% |
European Central Bank reference rates, from 31 July to 28 October (90 days) and from 29 September to 28 October (30 days), 2026. Cross rates calculated via the euro. Excluding exchange margin: these figures are not directly comparable with the rate shown at the top of the page, which includes the ibani margin.
Conversion tables
How much is 1 GBP in USD (and the reverse)?
Indicative amounts, ibani margin included, updated continuously.
Indicative rate as of 29 October 2026, ibani margin included; the rate applied is the one in effect when you place your order.
How to convert
Your GBP changed into USD, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no account opening or maintenance fees.
Get your personal Swiss IBAN
Fund it in pounds sterling (GBP) from your bank, at your own pace.
Receive your dollars at the real rate
ibani converts your GBP to USD at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the dollars to the beneficiary account of your choice.
EUR
CHF
CAD
SGDMarkets · updated 19 October 2026
GBP/USD: what has moved in recent months
The pound has withstood the dollar's rise better than the euro: one pound is worth 1.3331 dollars at the 19 October reference rate. The two central banks are diverging: the Fed raised its rates to 3.75%–4.00% on 16 September, the Bank of England stayed at 3.75% the next day, with three votes for a hike.
GBPSterling at its strongest against the euro in sixteen months
On 17 September 2026 the Bank of England kept Bank Rate at 3.75% by six votes to three: Megan Greene, Catherine Mann and Huw Pill wanted to raise it to 4%. UK inflation rose back to 3.1% in August, from 2.9%; the September figure is published on 21 October. At the ECB reference rate of 19 October, EUR/GBP fell to 0.84205, its low for the year and its weakest level since June 2025. The next decision is on 5 November 2026, then on 17 December.
USDThe Fed raises rates unanimously
On 16 September 2026 the Federal Reserve raised the target range for the federal funds rate by 25 basis points, to 3.75%–4.00%, by twelve votes to none. US inflation came in at 3.7% year on year in September, and at 2.6% excluding food and energy. The dollar firmed: against the franc, it hit its 2026 high on 1 October, at 0.8353, and stood at 0.8250 at the 19 October reference rate, up 2.6% since 28 August. The next meeting is on 27 and 28 October 2026, then on 8 and 9 December.
GBP → USD
What it means for you
Inflation is similar in both countries, 3.7% in the United States in September and 3.1% in the United Kingdom in August. The next dates are the Fed on 27 and 28 October 2026, then the Bank of England on 5 November; until then, splitting conversions avoids depending on either meeting.
ECB reference rate on 19 October 2026: 1 GBP ≈ 1.3331 USD (excluding margin). The rate shown at the top of the page includes the ibani margin; the converter shows the live rate.
Sources: Bank of England, monetary policy summary of 17 September 2026 · Office for National Statistics, August 2026 consumer price index · ECB, euro foreign exchange reference rates · Federal Reserve, statement of 16 September 2026 · Bureau of Labor Statistics, September consumer price index published 14 October 2026.
General market information, compiled from the sources cited; it constitutes neither investment advice nor a forecast.
The economics of the pair
GBP/USD: the Bank of England versus the Fed
The rate between the pound sterling (GBP) and the US dollar (USD) — nicknamed the « Cable » on the markets — is one of the most traded currency pairs in the world. Its dynamics are driven by the relationship between two central banks: the Bank of England (BoE) and the US Federal Reserve (Fed).
When the Fed raises its rates faster than the BoE, the dollar tends to appreciate against the pound and GBP/USD falls. Conversely, tighter monetary policy in London, or renewed appetite for risk, supports the pound. Inflation, employment and growth releases on both sides of the Atlantic set the pace of daily movements.
Historical reference points: the pound was worth well above 2 dollars before the 2008 crisis, before falling durably after the 2016 Brexit referendum, until touching historic lows close to parity in late 2022. To choose your moment, follow the real rate live and our currency converter.
To go further, see our guides on how to buy currency for your business and optimise your supplier payments.
Written by Brice Delhome.
Frequently asked questions
Frequently asked questions about GBP/USD exchange
There is no universal ideal moment. The GBP/USD rate, nicknamed the « Cable », depends on the monetary policy gap between the Bank of England (BoE) and the US Federal Reserve (Fed), as well as the British and American economic context. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
With ibani, you get a personal Swiss IBAN that you fund in pounds sterling (GBP). As soon as the funds are received, ibani converts them to US dollars (USD) at the real market rate, plus a margin of 0.40% to 0.15% depending on the amount, and transfers them to the beneficiary account of your choice, with no hidden fees.
The GBP/USD rate reacts mainly to the interest rate decisions of the Bank of England and the Fed, to inflation, employment and growth releases on both sides of the Atlantic, as well as to the British political climate. An interest rate gap favourable to the pound tends to push GBP/USD up, and vice versa.
ibani applies a transparent margin from 0.40% to 0.15% on the real interbank rate, decreasing with the amount. There are no account opening or maintenance fees. Transfers in currencies other than CHF and EUR may be subject to correspondent bank fees.
Change your pounds sterling
to dollars at the right rate.
Get a personal Swiss IBAN, convert your GBP to USD at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
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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 currency exchange operations to our name.
ibani SA is affiliated with SO-FIT 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).