The benchmark interest rate in the United Kingdom was last recorded at 4 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

August 2024 marked a significant shift in the UK's monetary policy, as it saw the first reduction in the official bank base interest rate since August 2023. This change came after a period of consistent rate hikes that began in late 2021. In a bid to minimize the economic effects of the COVID-19 pandemic, the Bank of England cut the official bank base rate in March 2020 to a record low of *** percent. This historic low came just one week after the Bank of England cut rates from **** percent to **** percent in a bid to prevent mass job cuts in the United Kingdom. It remained at *** percent until December 2021 and was increased to one percent in May 2022 and to **** percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching **** percent in August 2023. It wasn't until August 2024 that the first rate decrease since the previous year occurred, signaling a potential shift in monetary policy. Why do central banks adjust interest rates? Central banks, including the Bank of England, adjust interest rates to manage economic stability and control inflation. Their strategies involve a delicate balance between two main approaches. When central banks raise interest rates, their goal is to cool down an overheated economy. Higher rates curb excessive spending and borrowing, which helps to prevent runaway inflation. This approach is typically used when the economy is growing too quickly or when inflation is rising above desired levels. Conversely, when central banks lower interest rates, they aim to encourage borrowing and investment. This strategy is employed to stimulate economic growth during periods of slowdown or recession. Lower rates make it cheaper for businesses and individuals to borrow money, which can lead to increased spending and investment. This dual approach allows central banks to maintain a balance between promoting growth and controlling inflation, ensuring long-term economic stability. Additionally, adjusting interest rates can influence currency values, impacting international trade and investment flows, further underscoring their critical role in a nation's economic health. Recent interest rate trends Between 2021 and 2024, most advanced and emerging economies experienced a period of regular interest rate hikes. This trend was driven by several factors, including persistent supply chain disruptions, high energy prices, and robust demand pressures. These elements combined to create significant inflationary trends, prompting central banks to raise rates in an effort to temper spending and borrowing. However, in 2024, a shift began to occur in global monetary policy. The European Central Bank (ECB) was among the first major central banks to reverse this trend by cutting interest rates. This move signaled a change in approach aimed at addressing growing economic slowdowns and supporting growth.

Key information about United Kingdom Long Term Interest Rate

• United Kingdom Long Term Interest Rate: Month Avg: United Kingdom: ECB Harmonised was reported at 4.52 % pa in Feb 2025, compared with 4.67 % pa in the previous month.
• UK Long Term Interest Rate data is updated monthly, available from Jan 1993 to Feb 2025.
• The data reached an all-time high of 8.99 % pa in Sep 1994 and a record low of 0.15 % pa in Jul 2020.
• Long Term Interest Rate is reported by reported by CEIC Data.

• In the latest reports, UK Short Term Interest Rate: Month End: ICE LIBOR: 3 Months was reported at 0.09 % pa in Apr 2021.
• The cash rate (Policy Rate: Month End: Base Rate) was set at 4.50 % pa in Feb 2025.
• UK Exchange Rate against USD averaged 0.79 (USD/GBP) in Jun 2023.

Bank Lending Rate in the United Kingdom increased to 8.61 percent in June from 8.59 percent in May of 2025. This dataset provides - United Kingdom Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Rate: Bank of Russia: British Pound Sterling data was reported at 106.377 GBP/RUB in 15 May 2025. This records an increase from the previous number of 106.342 GBP/RUB for 14 May 2025. Foreign Exchange Rate: Bank of Russia: British Pound Sterling data is updated daily, averaging 82.488 GBP/RUB from Jul 1992 (Median) to 15 May 2025, with 7584 observations. The data reached an all-time high of 158.334 GBP/RUB in 11 Mar 2022 and a record low of 44.515 GBP/RUB in 09 Jul 2011. Foreign Exchange Rate: Bank of Russia: British Pound Sterling data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under High Frequency Database’s Foreign Exchange Rates – Table RU.MF001: Foreign Exchange Rate: Bank of Russia: Main Currencies. The official exchange rates of foreign currencies against the ruble are set by an order of the Bank of Russia and remain valid until the next order becomes effective.

Graph and download economic data for Daily Sterling Overnight Index Average (SONIA) Rate (IUDSOIA) from 1997-01-02 to 2025-08-06 about Sterling, sonia, overnight, average, interest rate, interest, rate, and indexes.

United Kingdom UK: Official Exchange Rate: Average: per USD data was reported at 0.777 GBP/USD in 2017. This records an increase from the previous number of 0.741 GBP/USD for 2016. United Kingdom UK: Official Exchange Rate: Average: per USD data is updated yearly, averaging 0.568 GBP/USD from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 0.779 GBP/USD in 1985 and a record low of 0.357 GBP/USD in 1966. United Kingdom UK: Official Exchange Rate: Average: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; ; International Monetary Fund, International Financial Statistics.; ;

Interbank Rate in the United Kingdom remained unchanged at 5.30 percent on Wednesday July 10. This dataset provides - United Kingdom Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Rate: Bank of Mexico: Pound Sterling data was reported at 25.191 MXN/GBP in Mar 2019. This records a decrease from the previous number of 25.603 MXN/GBP for Feb 2019. Foreign Exchange Rate: Bank of Mexico: Pound Sterling data is updated monthly, averaging 20.808 MXN/GBP from Jan 2000 (Median) to Mar 2019, with 231 observations. The data reached an all-time high of 26.797 MXN/GBP in May 2016 and a record low of 12.736 MXN/GBP in Jun 2001. Foreign Exchange Rate: Bank of Mexico: Pound Sterling data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M005: Foreign Exchange Rates.

FX: Rate: National Bank of Pakistan: TT: Sell: British Pound data was reported at 171.600 PKR/GBP in Nov 2018. This records an increase from the previous number of 168.330 PKR/GBP for Oct 2018. FX: Rate: National Bank of Pakistan: TT: Sell: British Pound data is updated monthly, averaging 124.450 PKR/GBP from Jan 1998 (Median) to Nov 2018, with 251 observations. The data reached an all-time high of 177.090 PKR/GBP in Nov 2013 and a record low of 72.708 PKR/GBP in May 1998. FX: Rate: National Bank of Pakistan: TT: Sell: British Pound data remains active status in CEIC and is reported by National Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.M010: Foreign Exchange Rate.

Deposit Interest Rate in the United Kingdom remained unchanged at 4 percent in July. This dataset includes a chart with historical data for Deposit Interest Rate in the United Kingdom.

Graph and download economic data for U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate (DEXUSUK) from 1971-01-04 to 2025-08-01 about United Kingdom, exchange rate, currency, rate, and USA.

Kyrgyzstan Foreign Exchange Rate: NBAverage: British Pound Sterling data was reported at 90.288 KGS/GBP in Nov 2018. This records a decrease from the previous number of 90.357 KGS/GBP for Oct 2018. Kyrgyzstan Foreign Exchange Rate: NBAverage: British Pound Sterling data is updated monthly, averaging 76.025 KGS/GBP from Jan 2007 (Median) to Nov 2018, with 143 observations. The data reached an all-time high of 114.145 KGS/GBP in Dec 2015 and a record low of 58.164 KGS/GBP in Jan 2009. Kyrgyzstan Foreign Exchange Rate: NBAverage: British Pound Sterling data remains active status in CEIC and is reported by National Bank of the Kyrgyz Republic. The data is categorized under Global Database’s Kyrgyzstan – Table KG.M006: Foreign Exchange Rate: National Bank of the Kyrgyz Republic.

Daily bulletin time series available since 2/1/2002, for the Euro, and since 28/11/1984, for the other currencies. For the American Dollar, this data set shows administered rates until March, 1990 and free rates from then on (Resolution 1690/1990). Administered rates are those set by the Central Bank of Brazil; from March, 1992, this rate started being called Ptax rate (close). Until 30/6/2011, this rate was calculated as the average rate, weighed by volume, of all interbank operations traded on that day. Starting on 1/7/2011 (Circular 3506/2010), the Ptax rate calculation corresponds to the arithmetic average of four daily quotes provided by Central Bank of Brazil’s foreign exchange dealers; the quotes must reflect market conditions at that time. Parities of the other currencies against the American Dollar (USD) are obtained from information agencies. Currencies rates against the Brazilian currency are calculated dividing the Brazilian currency rate against the American Dollar by the parities against the American Dollar for type A currencies, and multiplying the Brazilian currency rate against the American Dollar by the parities against the American Dollar for type B currencies. Available currencies: Danish Krone (DKK) Type A Norwegian Krone (NOK) Type A Swedish Krona (SEK) Type A American Dollar (USD) Type A Australian Dollar (AUD) Type B Canadian Dollar (CAD) Type A Euro (EUR) Type B Swiss Franc (CHF) Type A Japanese Yen (JPY) Type A British Pound (GBP) Type B Unit of measure: Type A currencies: Parity (American Dollar): quantity in the currency per one unit of American Dollar (USD); Rates (Brazilian currency): quantity in the Brazilian currency per one unit of the currency Type B currencies: Parity (American Dollar): quantity in American Dollars (USD) per one unit of the currency; Rates (Brazilian currency): quantity in the Brazilian currency per one unit of the currency Example of how to calculate type A currencies rates in the Brazilian currency, considering the Real (BRL) as the domestic currency and the Canadian Dollar (CAD) as the foreign currency: CADBRL bid rate = USDBRL bid rate ÷ USDCAD offer parity CADBRL offer rate = USDBRL offer rate ÷ USDCAD bid parity Example of how to calculate type B currencies rates in the Brazilian currency, considering the Real (BRL) as the domestic currency and the Euro (EUR) as the foreign currency: EURBRL bid rate = EURUSD bid parity × USDBRL bid rate EURBRL offer rate = EURUSD offer parity × USDBRL offer rate Source: Refinitiv, except for USDBRL The Central Bank assumes no responsibility whatsoever for non-simultaneity or any lack of information, as well as for possible errors in currency parities or any other errors, except the parity of the United States dollar in relation to the Real. The institution also assumes no responsibilty for delays or the unavailability of telecommunications services, interruptions, failures or imprecisions in the providing of the services or information. The Central Bank likewise assumes no responsibility for any losses or damages consequent upon such interruptions, delays, failings or imperfections, as well as for the inadequate use of the information contained in the transaction. af829095-9d8c-4c1d-a77f-48e4d51f7a71 exchange-rates-daily-bulletins

This report analyses the exchange rate between the Great British Pound (GBP) and the Euro (EUR). Along with the US dollar-to-GBP exchange rate, the euro exchange rate is one of the most important rates for the UK economy. With reference to Office for National Statistics (ONS) data, the European Union accounted for 47.2% of UK goods exports – value at current market prices, seasonally adjusted – in 2020, while the EU bloc was the origin of 53% of UK imports in the corresponding year. Historical data in respect to the GBP-EUR exchange rate, as analysed in this report, is sourced from the Bank of England (BoE). Meanwhile, estimates are afforded by IBISWorld, with reference to the conditioning assumptions for the sterling effective exchange rate as published by the Office for Budget Responsibility (OBR). The figures represent the annual average exchange rate over each financial year (i.e., April through March) and are expressed as the representative euro (€) value equal to one pound sterling (£).

Real Effective Exchange Rate in United Kingdom was reported at 109 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Real Effective Exchange Rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom (IRLTLT01GBM156N) from Jan 1960 to Jun 2025 about long-term, 10-year, United Kingdom, bonds, yield, government, interest rate, interest, and rate.

Relative to exchange rates in January 1999 when the euro was introduced, the Norwegian krone (NOK) trades at rates not seen for a generation. The currencies of Norway’s main trading partners have lost between 10 and 30 percent of their relative value to NOK since then.

This table contains 27 series, with data starting from 1981 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada) Type of currency (27 items: Australian dollar, monthly average; Brazilian real, monthly average; Chinese renminbi, monthly average; European euro, monthly average; ...).