Singapore dollar (SGD) Exchange Rates & Currency Deals

Bias GBP/SGD bullish-to-range-bound, current level sits above its 90-day avg and in the upper half of the 3-month range, with a modest upside tilt if risk appetite holds. Key drivers - Rate gap: BoE has signaled a cautious path with two further rate reductions in 2026, while MAS has already moved to a more accommodative stance, narrowing the policy gap between the two currencies. - Macro factor: UK GDP growth is expected to slow in 2026, which may cap GBP upside unless data proves otherwise. - Risk/commodities: Oil price volatility has shaped risk appetite and the SGD, influencing the pair as investors rotate among commodity-linked and safe-haven assets. Range GBP/SGD is likely to hold within the 3-month band, with a drift toward the upper end if risk appetite remains firm. What could change it - Upside risk: stronger UK data or a hawkish shift on the BoE path could lift the pair. - Downside risk: a global risk-off environment or softer UK data could pressure the pair lower