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    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.

    Updated: Jan 22, 2022  
     

    1 GBP = 1.3463 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.3463 is near average of its 90-day range 1.3204-1.3795.
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      1 USD = 0.7428 GBP
     
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    14-DAYLOW

    Pound Sterling Outlook

    The pound has been resilient enough to withstand Prime Minister Boris Johnson’s troubles. However, if he implements any new taxes for consumers in a nation that is already in a tough economic situation then it will likely have a significant effect on the currency.

    But despite this, the British pound has had a good start to the year—its best start to a year since 2018.

    GBP/USD wasChangePeriod
    1.3707
    12 Jan 2022
    1.8% 2 Weeks
    1.3800
    28 Oct 2021
    2.4% 90 Days
    1.3740
    26 Jan 2021
    2% 1 Year
    1.2548
    27 Jan 2017
    7.3% 5 Years
    1.5720
    29 Jan 2012
    14.4% 10 Years
    1.4121
    31 Jan 2002
    4.7% 20 Years
    GBP/USD change over periods to 26-Jan-2022

    GBP to USD

    GBP to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to USD at 1.3463 is near average of its 90-day range 1.3204-1.3795. GBP/USD Rates

    The pound hit a 1-Year LOW in December of 1.32 against the greenback (1 USD = 0.72 GBP) but has recovered into 2022 to above 1.35.

    The outlook for the pound 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.

     GBP-USD Forecasts

    GBP to EUR

    GBP to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to EUR at 1.1976 has risen 1.2% above average of its 90-day range 1.1641-1.2023. GBP/EUR Rates

    After peaking at 1.20 the pound has fallen back against the Euro despite Covid data showing that cases in the UK were decreasing at a slower rate and hospital admissions have seemingly peaked.

    Besides this, a change in risk sentiment has weighed down the pound. Uncertainty on Boris Johnson’s leadership plus tensions between Russia and the US over Ukraine have been building.

    A risk-off market mood always favours the safe-haven Euro over the riskier Pound.

     GBP-EUR Forecasts

    GBP to AUD

    GBP to AUD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to AUD at 1.8921 has risen 1.7% above average of its 90-day range 1.8169-1.8975. GBP/AUD Rates

    Late January the GBP/AUD exchange rate has dropped from 17-week highs as investors became worried about the state of the pound sterling.

    The future of the British pound is unknown as there are talks that investigations into the Downing Street parties could cost Boris Johnson his job, even though he has been trying to remove all virus restrictions and improve his poll numbers.

    Both economies have recovered from recent lockdowns and virus struggles, but the Aussie dollar is poised to gain even more after the RBA’s interest rate expectations were brought forward.

     GBP-AUD Forecasts

    GBP to INR

    GBP to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to INR at 100.8 is just above average of its 90-day range 99.27-103.2. 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.