Historical Year Data · 2016
GBP/USD (FRED Daily) in 2016
GBP/USD (FRED Daily) opened 2016 at $1.47 and closed at $1.23, a -15.99% move for the year. The high of $1.48 was reached on June 23, and the low of $1.22 on October 28.
Open
$1.47
2016-01
Close
$1.23
251 data points
High
$1.48
Jun 23
Low
$1.22
Oct 28
Full Year Change
-15.99%
2015 Change
-4.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $1.47 | $1.42 | $1.47 | $1.42 | -3.42% |
| Feb | $1.44 | $1.39 | $1.46 | $1.39 | -3.07% |
| Mar | $1.39 | $1.44 | $1.45 | $1.39 | +3.10% |
| Apr | $1.42 | $1.46 | $1.46 | $1.41 | +2.96% |
| May | $1.47 | $1.45 | $1.47 | $1.44 | -0.93% |
| Jun | $1.44 | $1.32 | $1.48 | $1.32 | -8.01% |
| Jul | $1.33 | $1.33 | $1.33 | $1.29 | -0.08% |
| Aug | $1.32 | $1.31 | $1.33 | $1.29 | -0.61% |
| Sep | $1.33 | $1.3 | $1.34 | $1.3 | -1.94% |
| Oct | $1.28 | $1.22 | $1.28 | $1.22 | -4.89% |
| Nov | $1.22 | $1.25 | $1.25 | $1.22 | +2.15% |
| Dec | $1.26 | $1.23 | $1.27 | $1.22 | -2.06% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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