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What is likely to happen to GBP/USD in October 2025
GBP to USD is stuck between 1.34 and 1.36.
Pound could fall on UK budget worries or climb with more US rate cuts.
Watch key levels: 1.34 (support) and 1.36 (resistance).
Now is a decent time to send money to the US from the UK.
Consider acting before political or economic risks lower the pound’s value.
GBP to USD: Where It Stands
The British Pound (GBP) currently trades between 1.34 and 1.36 against the US Dollar (USD).
This range means that for every 1 British pound, you’ll get between $1.34 and $1.36 if you’re sending money abroad.
Recently, the pound has seen ups and downs due to economic news from both the UK and the US, leading to a tug-of-war between buyers and sellers.
What’s Driving GBP to USD?
Recent market swings are being shaped by a few big factors:
The US Federal Reserve recently cut interest rates, but long-term US bond yields didn’t fall as expected. This has kept the US Dollar from weakening a lot, despite the rate cut.
UK government borrowing costs (long-term "gilts") went up to the highest level in 27 years because of rising concerns about UK government debt. This scared investors and briefly hurt the pound.
Mixed economic data in the US, like weaker job numbers, has raised expectations for more US interest rate cuts later this year, which could weaken the USD more over time.
The Bank of England (BoE) is more cautious about cutting rates, which gives the pound some support.
In short, softer US data helps the pound, but UK budget concerns and uncertain global outlooks are keeping the pound from climbing too much.
What Do the Charts Say?
From a technical standpoint (how traders look at price patterns):
GBP/USD is currently trading in a tight range: support (or “floor”) is around 1.34, and resistance (or “ceiling”) is near 1.36.
If the pound falls below 1.34, it could drop further to around 1.32. On the other hand, if it breaks above 1.36, then 1.38 could be the next target.
Many momentum indicators suggest the pound may struggle to go much higher without good news, as it may be “overbought” already.
Overall, the technical outlook shows short-term uncertainty, with no strong direction until a breakout happens.
What to Watch Next Month
A number of events could shift GBP to USD over the next 30 days:
Upcoming US job reports: If data keeps missing expectations, the USD may weaken further.
News: Any news from the Bank of England could surprise markets, especially if there's talk about interest rate cuts or budget plans.
UK political or budget discussions: Any signs of financial instability could hurt the pound.
A breakout above 1.36 or below 1.34 will likely lead to new trends.
Risks Ahead
A few key things to keep in mind:
UK budget concerns: If investors keep worrying about rising government debt, the pound could lose value quickly.
Global inflation or geopolitical shocks: These “risk-off” moments often make investors run to the US Dollar, strengthening it.
Misleading data: If upcoming data paints a false picture that later reverses, it could confuse markets and create big swings.
What This Means If You’re Sending GBP to USD Abroad
If you’re sending money from the UK to the US, now might be a good time to lock in your rate.
The pound is near the top of its recent range (around 1.35), meaning you’ll get more dollars for each pound than just a few weeks ago.
However, risks, like UK political or fiscal instability, could pull the rate back down below 1.34, giving you fewer dollars.
If the pound breaks above 1.36, you may get even better value, so keeping an eye on this level could help you time your transfer well.
Consider using providers that let you set rate alerts or lock in rates in advance to protect against sudden drops.
Live GBP to USD exchange rates
Converting GBP to USD
If you are planning to send GBP to USA, you need to pick the right money transfer company to get the most USD on the other end.
Depending on your needs, it's best to use one of the following companies in October:
History of the GBP to USD
The GBP/USD forex exchange rate has had a long history because of the strong business and social ties between the United States and the United Kingdom.
The British pound was created in 1694 after the UK formed the Bank of England (BoE) while the US dollar was created in 1794.
The GBP/USD currency pair was nicknamed the cable because of the transatlantic cables that connected the UK and the US.
These cables were connected to submarines, which relayed the exchange rate between the two currencies.
For a long time, the decline of the British economy on the global stage has witnessed a fall in its market share.
This decline accelerated when the UK gave up many of its colonial countries in Europe, Asia, and South America.
At the same time, this decline coincided with the strong performance of the United States as a superpower.
| Date | 1 Pound Sterling in USD |
|---|---|
| Sep 29, 2025 | 1.343635 USD |
| Sep 30, 2025 | 1.344294 USD |
| Oct 01, 2025 | 1.347945 USD |
| Oct 02, 2025 | 1.344611 USD |
| Oct 03, 2025 | 1.347700 USD |
| Oct 04, 2025 | 1.356950 USD |
| Oct 05, 2025 | 1.343283 USD |
| Oct 06, 2025 | 1.348418 USD |
| Oct 07, 2025 | 1.342030 USD |
| Oct 08, 2025 | 1.340707 USD |
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