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    GBP to INR 2024 Forecasts

    Analysis of recent Sterling → Rupee forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Pound Sterling to Indian rupee performance and trends.

     

    Forecasts for GBP to INR

     

    The GBP to INR exchange rate forecasts are mixed, with the pound facing volatility due to ongoing economic uncertainties and shifting central bank policies. FX analysts suggest that the Bank of England's dovish stance could weaken the pound further, especially if interest rate cuts materialize as expected. The recent retail sales data and PMI reports from the UK are crucial indicators that could influence the direction of the pound, potentially leading to either strengthening or further weakening against the Indian rupee.

    On the other hand, the Indian rupee is expected to face pressure from factors such as elevated US Treasury yields, a weak yuan, and fluctuating crude oil prices. While some moderation in these factors may offer temporary support to the rupee, analysts foresee the USD to INR exchange rate fluctuating within the 82-84 range in the near term. The GBP to INR exchange rate currently stands at 108.3, which is 2.4% above its 3-month average of 105.8, suggesting a relatively stable range of trading. Overall, the market view points toward continued volatility for both currencies, with macroeconomic events and central bank decisions serving as key drivers of future exchange rate movements.

     
    @bestfxrates : GBP/INR faces mixed forecasts amidst UK economic uncertainties & BoE's dovish signals hinting at future rate cuts. Key UK data could sway the pound as INR wrestles with global pressures. Recently trading at 108.3, up 2.4% over 3 months, expect continued volatility. #ForexUpdate #GBPINR

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    GBP to INR Market Data

    Pound Sterling (GBP) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 GBP =
    108.16We compare provider deals to this wholesale mid-market rate. Read more
    INR
    -0.1%
    GBP to INR at 108.2 is 2.2% above its 3-month average of 105.9, having traded in a quite stable 5.6% range from 103.0 to 108.8
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    Compare & Save - Pound Sterling to Indian rupee

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Indian rupee (INR) rates from different sources before making a conversion.

    Use our GBP to INR calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Sterling to Rupee currency rates and the possible savings of using various providers.

     
    DateGBP/INRChangePeriod
    05 Jul 2024
    106.95
    1.1% 2 Week
    20 Apr 2024
    103.12
    4.8% 3 Month
    20 Jul 2023
    105.67
    2.3% 1 Year
    21 Jul 2019
    86.13
    25.5% 5 Year
    22 Jul 2014
    102.66
    5.3% 10 Year
    24 Jul 2004
    84.88
    27.4% 20 Year
    GBP/INR historic rates & change to 19-Jul-2024
     

    Will the Pound Sterling rise against the Indian rupee?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

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    Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more