When converted to the value of one British pound Sterling in 2019, goods and services that cost one pound in 1210 would cost just over two thousand pounds in 2019, meaning that one pound in 1210 was worth approximately two thousand times more than it is today. This data can be used to calculate how much goods and services from the years shown would cost today, by multiplying the price from then by the number shown in the graph. For example, an item that cost 50 pounds in 1970 would theoretically cost 780 pounds in 2019's money.

The GBPUSD increased 0.0035 or 0.27% to 1.2924 on Thursday March 27 from 1.2889 in the previous trading session. British Pound - values, historical data, forecasts and news - updated on March of 2025.

Long term historical dataset of the daily British Pound - U.S. Dollar (GBPUSD) exchange rate back to 1971.

The USD to GBP exchange rate history reveals a notably strong dollar against pound in 2022, with values being higher than during COVID-19 or Brexit. In January 2021, for example, one U.S. dollar could buy less than 0.80 British pounds. This had changed to a value of 0.77 British pounds by March 25, 2025. Before that time, the exchange rate grew especially during the summer of 2022 - in the wake of war in Ukraine as well as uncertainty surrounding the UK government's inflation response - as exchange rates reached the highest value since 2012.

The pound to euro history reveals that exchange rates in 2022 were not as low as they were during 2008 or since the Brexit referendum. Since the United Kingdom (UK) held a referendum on its European Union membership in June 2016, the British pound (GBP) weakened against the euro. From a high of 1.43 at the end of Nov 2015, the GBP to EUR exchange rate has remained below 1.2 since July 2016, sitting at 1.11 as of October 2020. By March 25, 2025, values had reached 1.20 euros per pound. The euro to pound exchange rate can be found on a different page.Hitting UK citizens' pockets It is not just European holiday makers that are hit when the British pound to Euro exchange rate falls. The average UK consumer also feels the pinch as inflation rates often rise to cover the shortfall of the pound. When the inflation rate rises, the price of imported goods goes up and the consumer ends up paying more. GBP to U.S. dollarSince 2016's referendum, the British pound (GBP) fell across the exchange. The GBP's fall against the Euro was also reflected against the U.S. dollar where the exchange rate in May 2016 (pre-referendum) of 1.46 dollars to the pound has fallen significantly.

Long term dataset showing the daily Euro - British Pound (EURGBP) exchange rate back to 1999.

Prices for USCGBP USD Coin British Pound including live quotes, historical charts and news. USCGBP USD Coin British Pound was last updated by Trading Economics this March 27 of 2025.

During 2022, the GBP/USD exchange rate reached its lowest value ever recorded, after the UK government announced its initial plans to combat inflation. Prices did increase again after these plans were turned back shortly after. As of March 25, 2025, one pound was valued at roughly 1.29 U.S. dollars.What affects an exchange rateThere 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 EuroSince 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. During the first half of 2020, the British pound against the Euro weakened overall.

The UK inflation rate was three percent in January 2025, up from 2.5 percent in the previous month, and the fastest rate of inflation since March 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent respectively.
The Cost of Living Crisis High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23. Global inflation crisis causes rapid surge in prices The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.

united kingdom - U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate was 1.28290 U.S. $ to 1 British Pound in January of 2020, according to the United States Federal Reserve. Historically, united kingdom - U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate reached a record high of 2.50340 in January of 1972 and a record low of 1.27680 in January of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for united kingdom - U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate (DEXUSUK) from 1971-01-04 to 2025-03-21 about United Kingdom, exchange rate, currency, rate, and USA.

The pound lost much terrain against the USD in May 2024, after a lack of economic figures. Financial markets responded unfavorably, as the pound lost out against other currencies. Inflation in the United Kingdom - as measured by the Consumer Price Index (CPI) reached double-digit figures during the summer of 2022.

By the end of 2019, forex trades involving the British pound in the United Kingdom had grown by nearly 50 percent compared to the turnover in 2016. The daily volume of the British pound on UK foreign exchange markets now amounted to around 3.6 trillion U.S. dollars in 2019, by far the highest value over the period surveyed. The forex - or foreign exchange market - turnover per day is a figure that is not often measured, only once every three years. No figures are available for 2020, for instance.

The yen continued to weaken against the pound on in February 2025, as investors question the country's economic plans. This is a different situation than in, for example, September 2022, when the UK government announced its plans to roll out trickle-down economics in the country - financial measures that would mostly benefit the wealthier parts of UK society and that would eventually "spill over" to other parts of the country. Such measures had been introduced before in the United Kingdom during the 1980s - when GDP did increase overall. Nevertheless, many economists and investors believed the current plans were "risky" or "an experiment", as the economy suffered from issues on the demand side.

Prices for CLPGBP Chilean Peso British Pound Sterling including live quotes, historical charts and news. CLPGBP Chilean Peso British Pound Sterling was last updated by Trading Economics this March 26 of 2025.

Prices for LYDGBP Libyan Dinar British Pound Sterling including live quotes, historical charts and news. LYDGBP Libyan Dinar British Pound Sterling was last updated by Trading Economics this March 27 of 2025.

Prices for QARGBP Qatari Rial British Pound Sterling including live quotes, historical charts and news. QARGBP Qatari Rial British Pound Sterling was last updated by Trading Economics this February 22 of 2025.

Money Supply M0 in the United Kingdom increased to 97412 GBP Million in January from 97250 GBP Million in December of 2024. This dataset provides - United Kingdom Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Since the unification of England in medieval times, there has been some form of universally accepted, coined currency in circulation in Britain. Throughout history, there have been many variations of these coins in circulation, with more consistency and regulation implemented in recent centuries. Prior to 1971, British currency was split into three primary denominations, these were pence ("d"; from the Roman "denarius"), shillings (s) and pounds (£), with twelve pence equal to one shilling, and twenty shillings to one pound. Although pence and pounds were usually represented by their symbols, it was rare for shillings to be shown as "s", instead, one shilling would be written as "1/-". Farthings and other values worth less than one pence would also be written in as a fraction. Therefore, for example, four pounds, three shillings and two and a half pence would be written as; "£4 / 3 / 2½".

Multiples and colloquialisms Along with the fundamental coins shown in the graph, there were many variations and multiples of each coin. For example, the farthing (which etymologically means "fourth of a penny") had four variations; the quarter farthing, third farthing, half farthing and farthing. This means that there were some coins in circulation worth as little as one quarter of one quarter (one 16th) of a penny. The largest coin distributed by the Bank of England is the five pound coin (which is still legal tender, but traditionally is a collectors items and is rarely seen in circulation). Many of these traditional coins were also known by their colloquial names, such as the "ha'penny" (half penny), "Bob" (shilling) and "Joey" (groat).

Decimal Day 1971 On February 15. 1971, both the United Kingdom and the Republic of Ireland decimalized their respective currencies. For the UK, this meant that pounds retained their pre-decimal value, however they were now worth 100 pence, instead of 240 pence; which means that the penny was revalued from 1d to 2.4d, now shown as 1p. The production of shillings also stopped, however they remained in circulation until 1990 with a value of five pence. On Decimal Day in the UK, one pound notes were introduced and they remained in circulation until 1988, although the introduction of the one pound coin in 1983 had already rendered them unnecessary. Today, there are nine coins in common circulation in the United Kingdom, these are; 1p, 2p, 5p, 10p, 20p, 50p, £1 and £2.

Since 2022, the value of click-and-collect orders has consistently increased. In 2022, click-and-collect orders were worth 23.3 billion British pounds. In 2024, they are expected to reach almost 30 billion British pounds. In 2025, click-and-collect orders in the UK are forecast to break for the first time the barrier of 30 billion British pounds.