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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

23 Jun 2026 • 00:25 GMT

GBP/USD 1.3247

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.2950 – 1.3250
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, GBP/USD is trading close to its 90-day average and near its recent lows within a very stable range. The pair is pressured by safe-haven flows into the US dollar amid geopolitical tensions and a hawkish Fed stance. Near-term conditions suggest the pair may remain supported by risk-off sentiment, which typically favours the dollar. The pair could face downward bias if risk appetite improves or if US economic data surprises on the strong side.

💸 Transfer implications

  • Expats: sending money to the US may find US dollars relatively less favourable than recent levels.
  • Travellers: buying USD cash or loading currency cards should be aware that the pair's recent support could weaken.
  • Businesses: paying overseas USD invoices with GBP may see costs slightly rise if the pair continues to weaken.

🧭 Key drivers

  • Rate gap: The Fed's hawkish stance supports USD strength and keeps the rate differential in the USD's favour.
  • Risk/commodities: Safe-haven flows into USD amid geopolitical tensions continue to support USD.
  • Global factors: Heightened geopolitical risks sustain the risk-off environment, reinforcing USD demand.

⚠️ What could change it

  • Upside risk: Improved risk sentiment or US economic data that diminish safe-haven demand for USD.
  • Downside risk: Unexpected easing in global tensions or dovish signals from the Fed that could weaken the USD.

BER suggests monitoring for opportunities, as finding providers with lower margins can help offset less favourable exchange conditions.

 

GBPUSD Bank Forecasts to end of the year

The forecasts for GBP/USD towards the end of the year show a generally stable outlook, though with some potential for modest appreciation. J.P. Morgan Global Research places the pair at 1.36 by December 2026, suggesting a stable yet slightly bullish tone within the context of buy-the-dip opportunities. The prospect of rate hikes from the Bank of England, as highlighted by HSBC, supports a stronger GBP, though the extent of this strength might already be priced in. Goldman Sachs sees further potential for the pair to move towards 1.39 within a year, indicating an overarching sentiment of gradual GBP strength against the USD.

Big bank views

  • J.P. Morgan Global Research expects GBP/USD to reach 1.36 by December 2026.
  • HSBC supports GBP strength through anticipated Bank of England rate hikes, which could keep the pair stable or slightly higher.
  • Goldman Sachs projects GBP/USD reaching 1.39 in 12 months, hinting at a bullish medium-term outlook.

What could change the outlook

  • Changes in US Federal Reserve policy or unexpected shifts in US economic data, particularly concerning inflation, could significantly impact the USD and the pair's trajectory.
  • Developments in UK political or economic stability, including potential risks around fiscal policy or Brexit-related challenges, could alter market sentiment towards GBP.
 

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
1 GBP =
1.3189We compare provider deals to this wholesale mid-market rate. Read more
USD
1d+0.4%▲
GBP to USD at 1.3247 is 1.3% below its 3-month average of 1.3418, having traded in a very stable 3.4% range from 1.3184 to 1.3634
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  1 USD = 0.7582 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
09 Jun 2026
1.3372
1% ▼2 Week
25 Mar 2026
1.3363
0.9% ▼3 Month
23 Jun 2025
1.3545
2.2% ▼1 Year
24 Jun 2021
1.3916
4.9% ▼5 Year
25 Jun 2016
1.3671
3.1% ▼10 Year
28 Jun 2006
1.8187
27.2% ▼20 Year
GBP/USD historic rates & change to 23-Jun-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.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

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