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    GBP to USD Forecasts

    Analysis of recent sterling→dollar forecasts. We collate forecasts from respected FX analysts together with the latest GBP to USD performance and trends.


    Forecasts for GBP to USD

    GBPUSD chart

    According to recent forecasts and updates from currency market analysts, there is a changing sentiment towards the GBP/USD exchange rate. Major British banks, such as HSBC and Barclays, have taken a bearish stance on the Pound, signaling a turning point for the currency. HSBC, previously optimistic about the GBP, now believes that the rally has played out and expects a reversion lower in the months ahead. This shift in sentiment is primarily influenced by the seemingly unstoppable strength of the US dollar, as well as declining consumer confidence in the UK and Eurozone, which often precedes macroeconomic underperformance.

    The GBP/USD exchange rate is notorious for its high volatility, meaning it can fluctuate rapidly. It is considered a benchmark for other currency pairs and impacts global financial markets. The Pound has been heavily affected by the UK's decision to leave the EU (Brexit). Any uncertainty surrounding post-Brexit negotiations and the economic impact of the UK's departure can lead to significant fluctuations in sterling exchange rates. Recent price data shows that the GBP/USD is currently trading at 1.2219, which is 3.5% below its 3-month average of 1.2664. The rate has experienced volatile swings within an 8.2% range, trading between 1.2135 and 1.3132.

    Overall, FX analysts suggest a bearish outlook for the GBP/USD exchange rate due to the strength of the US dollar and weakening consumer confidence in the UK and Eurozone. However, it is important to note that exchange rates are influenced by numerous factors that can change rapidly, including economic data releases, political events, and central bank policies.

    Compare & Save - Pound Sterling to US dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (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.

    @bestfxrates : 29 Sep: Major UK banks including HSBC, Barclays show a bearish GBP/USD stance. Driven by the strength of the USD, declining UK and Eurozone consumer confidence, analysts suggest a downturn. Current rate at 1.2219 is 3.5% below 3-month avg. Rates can rapidly fluctuate. #forexupdate #GBPUSD

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    GBP to USD Market Data

    Pound Sterling (GBP) to US dollar (USD) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 GBP =
    1.2197We compare provider deals to this wholesale mid-market rate. Read more
    GBP to USD at 1.2197 is 3.6% below its 3-month average of 1.2658, having traded in a fairly volatile 8.2% range from 1.2135 to 1.3132
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    15 Sep 2023
    1.5% 2 Week
    01 Jul 2023
    4% 3 Month
    29 Sep 2022
    9.2% 1 Year
    30 Sep 2018
    6.5% 5 Year
    01 Oct 2013
    24.6% 10 Year
    04 Oct 2003
    26.8% 20 Year
    GBP/USD historic rates & change to 29-Sep-2023

    Will the Pound Sterling rise against the US dollar?

    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 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 the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.


    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