- British Pound US Dollar (GBPUSD) exchange rate currently trading at: 1 GBP = 1.5569 USD (-0.00180, -0.116%)

The continuing strength of the Pound against the US Dollar is due to positive figures from Britain related to GDP growth. An announcement yesterday regarding a fast increase in sales in July has swelled the desire for ‘riskier’ currencies, and the pound will be a recipient of this positive attitude.

British Pound US Dollar (GBPUSD) Exchange Rate

A Bank of England committee will be presenting its opinion on the economy and its recent growth later today, and the pounds run of strength could continue against the dollar. We could see even higher levels of British strength if they show more positivity.

Today’s other Forex news:

US Dollar Euro (USDEUR)
Appetite for the European single currency increased, which sent the Euro up against the US Dollar. Positive data about the British economy and its prospective bounce-back from the financial crisis has encouraged investors to dabble back into Euro trading.

British Pound Euro (GBPEUR)
It was a good day yesterday for the Pound, and it made more gains against the Euro on positive sales figures in Britain. Last week the news that British GDP growth was much stronger than expected came to light, and more good news was released as a survey on sales figures showed another fast rise.

We will continue to monitor the British Pound US Dollar (GBPUSD) exchange rate throughout the day.