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    GBP to USD Forecasts

    The GBP to USD exchange rate has been and remains one of the most interesting currency pairs to forecast. The GBP/USD can be affected by a number of factors and this makes it a volatile exchange rate at times.

    Updated: Oct 09, 2021  
     

    1 GBP = 1.3769 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.3769 is near its 90-day average, range 1.3426-1.3961.
    |
      1 USD = 0.7263 GBP
     
    30-DAYHIGH

    The pound sunk in September to 1.34 against the greenback but has recovered into October near 1.36 after Boris called the army out to drive the fuel trucks.

    The outlook for the pound for October is very uncertain due to rising inflation, slowing growth and unemployment, the combination of which could create a nightmare scenario for the Bank of England Monetary Policy Committee.

    OFX predict the GBP could range between 1.33 – 1.38 USD in October.

    GBP/USD wasChangePeriod
    1.3606
    04 Oct 2021
    0.9% 2 Weeks
    1.3633
    20 Jul 2021
    0.7% 90 Days
    1.2926
    18 Oct 2020
    6.2% 1 Year
    1.2286
    19 Oct 2016
    11.8% 5 Years
    1.5929
    21 Oct 2011
    13.8% 10 Years
    1.4223
    23 Oct 2001
    3.5% 20 Years
    GBP/USD change over periods to 18-Oct-2021

     

    The USD had a strong month in September, outperforming all the G10 currencies. The gains can be attributed to more ‘hawkish’ commentary from the US Federal Reserve, especially in comparison to the European Central Bank.

    According to OFX the USD trend for October is unclear.

    USD Outlook

    Last year the pound hit its highest level vs the US dollar since April 2018 against the US dollar on the final day of the year and has since continued higher to 3-YEAR-HIGHS around $1.40. Markets remain optimistic about GBP as the rollout of Covid-19 vaccines add to the currency’s relief rally following the Brexit trade deal.

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    What is a good GBP to USD exchange rate?

    Whether the US dollar will rise or drop in the future against the pound is a difficult question and the answer really depends on many factors. The best way to consider the current GBP-USD relative value is to check the change in the exchange over a range of periods to the present day. The above table does this for periods going back 10 years.

     

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    Posted under: #Forecasts #GBP #USD

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.