GBP
British Pound
The British Pound is one of the weaker major currencies right now (ranked #6 of 8), with a strength score of -10. A softening economy, with unemployment creeping up, is another weight on it. It has held fairly steady over the past few weeks.
What's driving it
Pillar breakdown
Interest Rates
+6
Growth
-43
Positioning
-16
Risk Mood
+8
Underlying data
Short-term rate3.71%as of 2026-01-01
10-year yield4.82%as of 2026-04-01
Unemployment5.2%as of 2025-12-01
Fund positioning49th pctileas of 2026-05-19
3-month move vs USD-0.2%
Valuation (vs 1-yr norm)near fair value
Historic Macro Strength Trend
+100+500−50−100