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GBP Trends, News and Forecasts for 2020

Forecasts for the British pound dollar change all the time, affected by news events and relative sentiment towards the UK economy. But in 2020, GBP exchange rates have been driven almost entirely by the effects of the Coronavirus pandemic rather than any fundamentals of the British economy.

 
Forecasts for the British pound change all the time, affected by news events such the Coronavirus pandemic, Brexit negotiations and the relative sentiment towards the UK economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of GBP in the currency markets.

British pound in the markets

The coronavirus pandemic had replaced Brexit in the headlines for most of this year, however Brexit is back in the spotlight as the end-of-year deadline for a trade deal with the Eurozone fast approaches.

The following sections show a summary of bank forecasts for popular GBP cross rates that we have reviewed, where available you can view each article for a more details of the forecasts reviewed.

Read more about FX Broker and Bank analysts’ predictions for GBP to USD future trends in our blog article BER Review of GBP to USD Broker & Bank Forecasts.

 


 
GBPUSD at 1.3677 is 2.1% above its 90-DAY average, range 1.2918-1.3733.
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GBPUSD Trend & Alerts

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GBP to AUD Forecasts

The Sterling to Aussie exchange rate is even more volatile than usual because of the uncertainties around how the British economy will perform post-Brexit and the relative impact on the two economies of the Covid-19 pandemic.

Get more details in the article GBP to AUD Forecasts.


 

 
 
GBPAUD at 1.7708 is a little below its 90-DAY average, range 1.7440-1.8431.
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GBPAUD Trend & Alerts

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GBP to EUR Forecasts

Sterling starts the new year up against the euro trading mid January at 90-DAY HIGHS at €1.1261.

Get more details in the article GBP to EUR Forecasts.


 

 
 
GBPEUR at 1.1255 is a little above its 90-DAY average, range 1.0920-1.1287.
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GBPEUR Trend & Alerts

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What is a good GBP exchange rate?

Whether the pound will rise or drop in the future is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s current relative value is to look at GBP’s history against a range of currencies and in particular against the currency you are interested in exchanging it with.

For example, the following tables look at the change in the British pound exchange rate to the present day for periods going back 10 years for popular GBP exchange rates.

GBP/USDChangePeriod
1.3584
15 Jan 2021
0.7% ▲1 Week
1.3513
23 Dec 2020
1.3% ▲30 Days
1.3046
24 Oct 2020
4.9% ▲90 Days
1.3119
23 Jan 2020
4.3% ▲1 Year
1.4271
24 Jan 2016
4.1% ▼5 Years
1.5801
25 Jan 2011
13.4% ▼10 Years

GBP/USD 10 year historic rates & change to 22-Jan-2021 : 1.3682


GBP/AUDChangePeriod
1.7635
15 Jan 2021
0.5% ▲1 Week
1.7821
23 Dec 2020
0.5% ▼30 Days
1.8274
24 Oct 2020
3% ▼90 Days
1.9159
23 Jan 2020
7.5% ▼1 Year
2.0371
24 Jan 2016
13% ▼5 Years
1.5915
25 Jan 2011
11.4% ▲10 Years

GBP/AUD 10 year historic rates & change to 22-Jan-2021 : 1.7730


GBP/EURChangePeriod
1.1249
15 Jan 2021
0.1% ▼1 Week
1.1082
23 Dec 2020
1.4% ▲30 Days
1.0997
24 Oct 2020
2.2% ▲90 Days
1.1867
23 Jan 2020
5.3% ▼1 Year
1.3219
24 Jan 2016
15% ▼5 Years
1.1571
25 Jan 2011
2.9% ▼10 Years

GBP/EUR 10 year historic rates & change to 22-Jan-2021 : 1.1238


GBP/NZDChangePeriod
1.9052
15 Jan 2021
0.1% ▼1 Week
1.9034
23 Dec 2020
0% ▲30 Days
1.9487
24 Oct 2020
2.3% ▼90 Days
1.9824
23 Jan 2020
3.9% ▼1 Year
2.1992
24 Jan 2016
13.4% ▼5 Years
2.0649
25 Jan 2011
7.8% ▼10 Years

GBP/NZD 10 year historic rates & change to 22-Jan-2021 : 1.9041

 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.