Historical Year Data · 2022
GBP/USD in 2022
GBP/USD opened 2022 at $1.35 and closed at $1.21, a -10.84% move for the year. The high of $1.37 was reached on January 14, and the low of $1.07 on September 27.
Open
$1.35
2022-01
Close
$1.21
260 data points
High
$1.37
Jan 14
Low
$1.07
Sep 27
Full Year Change
-10.84%
2021 Change
-1.28%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $1.35 | $1.34 | $1.37 | $1.34 | -0.88% |
| Feb | $1.34 | $1.34 | $1.36 | $1.34 | -0.54% |
| Mar | $1.34 | $1.31 | $1.34 | $1.3 | -2.05% |
| Apr | $1.31 | $1.25 | $1.31 | $1.25 | -4.88% |
| May | $1.26 | $1.26 | $1.26 | $1.22 | +0.28% |
| Jun | $1.25 | $1.22 | $1.26 | $1.2 | -2.58% |
| Jul | $1.21 | $1.22 | $1.22 | $1.18 | +0.53% |
| Aug | $1.23 | $1.16 | $1.23 | $1.16 | -5.35% |
| Sep | $1.15 | $1.12 | $1.17 | $1.07 | -3.29% |
| Oct | $1.11 | $1.16 | $1.16 | $1.1 | +4.09% |
| Nov | $1.15 | $1.19 | $1.21 | $1.12 | +4.17% |
| Dec | $1.21 | $1.21 | $1.24 | $1.2 | -0.18% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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