British Pound GBP Forecasts 2021
The UK is highly exposed to gas prices and inflation and the pound has fallen 2.5% over the past six months.
BER ResearchPound Sterling Outlook
OFX predict the GBP could range between 1.33 – 1.38 USD and against the euro between 1.14 – 1.18 EUR.
| GBP/USD was | Change | Period |
|---|---|---|
1.3606 04 Oct 2021 | 0.9% ▲ | 2 Weeks |
1.3633 20 Jul 2021 | 0.7% ▲ | 90 Days |
1.2926 18 Oct 2020 | 6.2% ▲ | 1 Year |
1.2286 19 Oct 2016 | 11.8% ▲ | 5 Years |
1.5929 21 Oct 2011 | 13.8% ▼ | 10 Years |
1.4223 23 Oct 2001 | 3.5% ▼ | 20 Years |
GBP to USD
GBP to USD at 1.3769 is near its 90-day average, range 1.3426-1.3961. GBP/USD Rates
The pound sunk in September to 1.34 against the greenback but has recovered into October near 1.36 after Boris called the army out to drive the fuel trucks.
The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.
OFX predict the GBP could range between 1.33 – 1.38 USD in October.
GBP-USD OutlookGBP to EUR
GBP to EUR at 1.1823 is 0.9% above its 90-day average, range 1.1568-1.1858. GBP/EUR Rates
The pound sunk in late September to but has recovered after Boris called the army out to drive the fuel trucks.
The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.
OFX predict the GBP could range between 1.14 – 1.18 EUR in October.
GBP-EUR OutlookGBP to AUD
GBP to AUD at 1.8469 has fallen 1.6% below its 90-day average, range 1.8439-1.9106. GBP/AUD Rates
The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.
The energy crisis has pushed the Pound down against the Australian dollar plus AUD is benefiting from gas and coal prices increases.
GBP-AUD OutlookGBP to INR
GBP to INR at 103.3 has risen 1.3% above its 90-day average, range 99.75-103.7. GBP/INR Rates
In September the ‘risk off’ market mood had pushed the Canadian dollar down against the Rupee. Also helping the rupee was speculation the Indian central bank was relaxing its control over INR.
However in October CAD/INR has risen from 57 to above 60, the loonie has been helped along by the end of any election uncertainty and the strong demand for gas from the energy crisis in Europe.
CAD-INR Outlook
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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.