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
Based on recent forecasts and market updates, analysts anticipate that the GBP to INR exchange rate may experience some volatility in the near term. The Pound (GBP) has been under pressure due to disappointing UK wage data and expectations of interest rate cuts by the Bank of England to support the economy. On the other hand, the Indian Rupee (INR) is expected to face headwinds from elevated US Treasury yields, a weak yuan, and crude oil prices.
The GBP to INR exchange rate has been relatively stable within a narrow range in recent days, hovering near 105.8, slightly above its 3-month average. Analysts do not foresee significant movements in the immediate future, but external factors such as geopolitical events or shifts in monetary policies could impact the exchange rate. While the Pound's performance is likely to be influenced by UK economic data releases and BoE policy decisions, the Indian Rupee's outlook may continue to be influenced by global factors such as energy prices and inflation concerns. It's essential for individuals and businesses involved in GBP to INR transactions to stay informed about these developments to make informed decisions regarding their currency exchanges.
@bestfxrates : 📉 Amid UK wage data woes & potential BoE rate cuts🇬🇧, GBP is pressured while INR wrestles with US yields & oil prices🇮🇳. The #GBPINR market hovers near 105.8, with forecasted volatility. Stay alert to economic indicators & geopolitics impacting future rates. #ForexUpdate #CurrencyWatch
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Date
GBP/INR
Change
Period
04 Mar 2024
105.20
0.3% ▲
2 Week
19 Dec 2023
105.77
0.2% ▼
3 Month
19 Mar 2023
100.59
4.9% ▲
1 Year
20 Mar 2019
90.89
16.1% ▲
5 Year
21 Mar 2014
100.65
4.9% ▲
10 Year
23 Mar 2004
83.10
27% ▲
20 Year
GBP/INR historic rates & change to 18-Mar-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.
To help with this you can add GBP/INR to your personalised Rate Tracker to track and benefit from currency movements.
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