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GBP to USD Forecasts – British pound to US dollar

Latest GBP to USD forecasts including bank predictions, key market drivers and recent trends for GBP/USD. See where analysts expect the pair to move and the factors likely to influence it.

 

GBP to USD Forecast & Outlook

08 Jul 2026 • 00:26 GMT

GBP/USD 1.3347

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.3350 – 1.3630
  • Dominant driver: 🏦 Central bank policy divergence
  • 3-month trend: ⚪ Range-bound

Currently, GBP/USD is trading near the 3-month average at 1.3347, finding support around its recent range. The pair remains influenced by the central bank policy outlook, with the USD supported by a risk-off environment. Over the next few sessions, the pair may face pressure if risk sentiment worsens, which could weigh on the British Pound and support safe-haven flows.

💸 Transfer implications

  • Expats: sending money to the US should find conditions less favourable than recent levels if the pair weakens.
  • Travellers: buying USD cash may see increased costs if the pair continues to decline.
  • Businesses: paying USD invoices could face higher costs if the pair remains supported by safe-haven flows.

🧭 Key drivers

  • Rate gap: UK monetary policy is uncertain, while the Federal Reserve's interest rate outlook supports USD strength.
  • Risk/commodities: Risk-off conditions are supported by domestic political uncertainty and USD appeal.
  • Global factors: The USD's safe-haven status driven by global risk aversion remains dominant.

⚠️ What could change it

  • Upside risk: A shift in risk sentiment toward more stability could support GBP, reversing recent pressure.
  • Downside risk: Unexpected USD strength or UK domestic political turbulence could lead to further GBP weakness.

BER suggests comparing FX providers to find lower margins and reduce total transfer costs amid the current environment.

 

GBPUSD Bank Forecasts to end of the year

The outlook for GBPUSD by the end of the year is mixed according to major banks. Most forecasts from financial institutions suggest a potential rise in GBPUSD, with targets clustering around 1.36 to 1.38. However, some forecasts indicate a more bearish view, with expectations of the pair falling as low as 1.32, reflecting caution due to UK economic challenges and USD strength.

Big bank views

  • Goldman Sachs is targeting GBPUSD between 1.36 and 1.37 by year-end.
  • Societe Generale projects a weaker GBPUSD at approximately 1.32.
  • UOB anticipates a gradual rise to 1.36 by the fourth quarter of 2026.

What could change the outlook

  • The Bank of England's monetary policy decisions in response to domestic inflation and economic contraction.
  • The Federal Reserve's interest rate hikes and their impact on USD strength.
 

GBP-USD Rate Calculator

 
 
   
   
   
   
   
 
 

GBP to USD Market Data

British pound (GBP) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell GBP   →   Buy USD
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1d−0.3%▼
GBP to USD at 1.3347 is just 0.6% below its 3-month average of 1.3421, having traded in a very stable 3.5% range from 1.3168 to 1.3634
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  1 USD = 0.7460 GBP

Compare & Save - British pound to US dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare British pound (GBP) to US dollar (USD) rates from different sources before making a conversion.

Use our GBP to USD 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 Dollar currency rates and the possible savings of using various providers.

 
 

Will the British pound rise against the US dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound vs US dollar current value is to look the GBP/USD historic rate and change over a range of periods.

The following table looks at the change in the GBP to USD exchange rate over periods from the previous week back to the last 10 years.

DateGBP/USDChangePeriod
24 Jun 2026
1.3164
1.5% ▲2 Week
09 Apr 2026
1.3431
0.6% ▼3 Month
08 Jul 2025
1.3585
1.7% ▼1 Year
09 Jul 2021
1.3907
4% ▼5 Year
10 Jul 2016
1.2939
3.2% ▲10 Year
13 Jul 2006
1.8414
27.5% ▼20 Year
GBP/USD historic rates & change to 08-Jul-2026

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/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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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