Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

    British Pound GBP Forecasts

    The UK is highly exposed to gas prices and inflation and the pound has been on the back-foot since the Russian invasion of Ukraine.

    Updated: Oct 06, 2022  

     

    1 GBP = 1.2010 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.2013 is 4.8% above its 90-day average 1.1466 with range 1.0680-1.2116.
    |
      1 USD = 0.8326 GBP
     
    GBPUSD :
    90-DAYHIGH4d
    1-DAY-0.9%

    Pound Sterling Outlook

    The pound hit an all-time low (since decimalization in 1971) in late September of 1.03 against the greenback (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the new chancellor.

    The outlook for sterling against most currencies over the winter remains extremely challenging in its precarious post-Brexit/Ukraine war economic environment.

    DateGBP/USDChangePeriod
    14 Nov 2022
    1.1752
    1.7% 2 Week
    30 Aug 2022
    1.1659
    2.5% 3 Month
    28 Nov 2021
    1.3341
    10.4% 1 Year
    29 Nov 2017
    1.3417
    10.9% 5 Year
    30 Nov 2012
    1.6021
    25.4% 10 Year
    03 Dec 2002
    1.5646
    23.6% 20 Year
    GBP/USD historic rates & change to 28-Nov-2022

    GBP to USD

    GBP to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to USD at 1.2013 is 4.8% above its 90-day average 1.1466 with range 1.0680-1.2116. GBP/USD Rates

    GBPUSD is down around 15 percent this year and hit an all-time low (since decimalisation in 1971) in late September of 1.03 (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the previous (new) chancellor.

    The Bank of England has joined the global fight against inflation, but has raised rates by less than the US Federal Reserve.

    So it seems the BoE’s gloomy economic forecasts has increased pressure on Sterling.

    GBP-USD Forecasts

    GBP to EUR

    GBP to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to EUR at 1.1568 is just 0.8% above its 90-day average 1.1475 with range 1.1114-1.1654. GBP/EUR Rates

    In October, the GBP/EUR rate is still well down from the 1.20 levels, seen at the start of the year, to the 1.13-15 levels (1 EUR = 0.88 GBP).

    This is some achievement given the Euro itself has been under heavy pressure itself from impact on gas prices by the war in Ukraine.

    The BoE’s (UK central bank) gloomy economic forecasts has also increased pressure on Sterling.

    GBP-EUR Forecasts

    GBP to AUD

    GBP to AUD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to AUD at 1.7821 is 1.9% above its 90-day average 1.7486 with range 1.6543-1.8118. GBP/AUD Rates

    In the first quarter the GBP/AUD exchange rate dropped on the impact of the Ukraine situation on commodity prices — this was good for AUD and bad for GBP.

    Since then the pound to Aussie rate has fluctuated around the 1.76 level (1 AUD = 0.56 GBP), except for a drop to 1.60 when the market rejected the new UK chancellors controversial tax policies.

    GBP-AUD Forecasts

    GBP to INR

    GBP to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to INR at 98.12 is 5.2% above its 90-day average 93.26 with range 87.16-98.95. GBP/INR Rates

    The Ukrainian crisis and the impact on energy prices have pushed the Canadian dollar up & down this year against the Rupee.

    CAD-INR Forecasts

     

     

    More Forecasts


     
     
    Posted under: #Forecasts #GBP
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.