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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

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    The British Pound to Indian Rupee (GBP/INR) exchange rate outlook appears to be shaped significantly by a confluence of both domestic and international factors that could influence the Sterling's broader performance. FX analysts from major institutions have issued a bearish outlook on the GBP, with forecasts predicting a potential decline against the US Dollar, which may subsequently impact its value against the INR. Wells Fargo, TD Securities, and Danske Bank all expect the GBP/USD to weaken, hovering around the 1.20 mark by early 2024, a move they attribute to an anticipated end of policy tightening by the Bank of England and the overall robust strength of the US Dollar. This sentiment resonates with the views from HSBC and Barclays, which signal a turning point for the Pound after having been previously optimistic. The observation that consumer confidence is wavering in the UK could be a harbinger of macroeconomic underperformance, further contributing to the expected Pound depreciation.

    In contrast, the Indian Rupee's trajectory against the Dollar showcases a current bullish trend with the USD/INR exchange rate expected to oscillate within the 82-84 range, according to economists. The Rupee has felt pressure from factors such as high US Treasury yields, a weak Yuan, and particularly, rising crude oil prices—a significant point of vulnerability for India as a major oil-importing nation. The shock OPEC+ decision in April 2023 to cut oil production heightened these concerns, exacerbating the rupee's weakness. Moving forward, analysts anticipate that while these aforementioned factors will continue to affect the INR in the short term, some moderation is expected to offer support eventually, which could stabilize the INR's performance.

    Considering the recent GBP to INR market movements, where the exchange rate stands at 105.3, which is 2.3% above the three-month average of 102.9, and has experienced a relatively stable 5.3% range of 100.5 to 105.8, the market view remains cautious. The GBP's high volatility and susceptibility to political and economic shifts, underscored by post-Brexit challenges, could lead to further fluctuations, potentially impacting the GBP/INR pair in the near to medium term. As often stated, 'Cable' tends to be momentum-driven, suggesting that the GBP/USD and, by extension, GBP/INR rates could encounter substantial volatility, moving in variable directions beyond typical forecasts.

    @bestfxrates : 📉 FX analysts forecast a bearish trend for the Pound, eyeing a 1.20 GBP/USD level by early 2024 due to anticipated BoE policy shifts & USD strength. This outlook may weigh on GBP/INR trades. Presently at 105.3, volatility remains a watchword as the Rupee shows signs of stabilization. #GBPINR #Forex

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    GBP to INR Market Data

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

    1 GBP =
    105.72We compare provider deals to this wholesale mid-market rate. Read more
    GBP to INR at 105.7 is 2.7% above its 3-month average of 102.9, having traded in a quite stable 5.3% range from 100.5 to 105.8
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    90-DAY HIGH
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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.

    17 Nov 2023
    1.9% 2 Week
    02 Sep 2023
    1.5% 3 Month
    01 Dec 2022
    6.3% 1 Year
    02 Dec 2018
    18.9% 5 Year
    03 Dec 2013
    3.5% 10 Year
    06 Dec 2003
    34.3% 20 Year
    GBP/INR historic rates & change to 01-Dec-2023

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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