British Pound Strength
The British Pound sits in the middle of the pack at #4, scoring -1 — neither clearly strong nor weak. Positioning is supportive: relative to the other majors, large speculators are leaning in favour of the British Pound rather than against it.
What's driving it
The interest-rate pillar here is built from the 10-year government bond yield only — a live policy/short-term rate wasn't available, so it reflects the term premium rather than the central-bank rate.
Historic Macro Strength Trend
GBP vs the other majors
Strength gap — click for the full pairAll currencies
Click any currency to see its full breakdownResearch on GBP
GBP strength — frequently asked
Is the British Pound (GBP) strong or weak right now?
As of the latest update, the British Pound scores -1 on PIPTHEORY's macro currency strength meter (Neutral), ranking #4 of the 8 major currencies. The score refreshes every 4 hours.
What drives the British Pound?
PIPTHEORY scores the British Pound across five macro factors: interest rates, economic growth, speculative positioning, risk sentiment and commodity exposure. The 'What's driving it' breakdown above shows how each factor is contributing now.
How is GBP currency strength measured?
Each currency is scored from -100 (very weak) to +100 (very strong) relative to the other majors, using a mechanical model. The same inputs always produce the same score, so the reading never contradicts itself from one day to the next.
How often is the GBP strength score updated?
Every four hours, as fresh central-bank, economic and market data is released.