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    British Pound GBP Forecasts 2022

    The UK is highly exposed to gas prices and inflation and the pound has been on the back-foot since mid 2021.

    Updated: Aug 11, 2022  
     

    1 GBP = 1.2204 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.2207 is near its 90-day average 1.2228 with range 1.1826-1.2653.
    |
      1 USD = 0.8194 GBP
     
    1-DAY+1.1%
    30-DAYHIGH

    Pound Sterling Outlook

    The outlook for sterling remains challenging in its precarious post-Brexit economic environment.

    The pound hit a multi-year Low in mid July of 1.18 against the greenback (1 USD = 0.8456 GBP) — on the bleak outlook for the UK economy and after the Federal Reserve started its long anticipated increase of interest rates.

    DateGBP/USDChangePeriod
    27 Jul 2022
    1.2162
    0.5% 2 Week
    12 May 2022
    1.2204
    0.1% 3 Month
    10 Aug 2021
    1.3836
    11.7% 1 Year
    11 Aug 2017
    1.3012
    6.1% 5 Year
    12 Aug 2012
    1.5679
    22.1% 10 Year
    15 Aug 2002
    1.5345
    20.4% 20 Year
    GBP/USD change over periods to 10-Aug-2022

    GBP to USD

    GBP to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to USD at 1.2207 is near its 90-day average 1.2228 with range 1.1826-1.2653. GBP/USD Rates

    In mid-July the GBP/USD exchange rate dropped as low as the 1.18 level after the Federal Reserve raised interest rates combined with the continuing impact of the Ukraine war on commodity prices.

    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 1.1808 is just above its 90-day average 1.1752 with range 1.1519-1.1966. GBP/EUR Rates

    Mid-year the GBP/EUR rate is well down to around to the 1.15-16 levels, well down from the recent high of 1.21 in March.

    This is some achievement given the Euro has been under heavy pressure itself from impact on gas prices by the 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 1.7193 is 2.0% below its 90-day average 1.7537 with range 1.7193-1.7794. 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-aussie rate has fluctuated around the 1.76 level (1 AUD = 0.56 GBP), but as we move through 2022 the prospect of more Australian interest rate rises sooner than expected could boost the Aussie dollar vs Sterling.

     GBP-AUD Forecasts

    GBP to INR

    GBP to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to INR at 97.21 is 1.1% above its 90-day average 96.11 with range 93.53-98.12. GBP/INR Rates

    The Ukrainian crisis and the risk-off market for European energy supplies have pushed the Canadian dollar down against the Rupee.

    At the end of the January the CAD/INR exchange rate was heading towards the 59 mark down from its highs around 61 in October last year.

     CAD-INR Forecasts

     

     

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    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.