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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 = 1.3596 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.3596 is 0.9% above average of its 90-day range 1.3204-1.3827.
    |
      1 USD = 0.7355 GBP
     
    1-DAY-0.6%
    60-DAYHIGH4d

    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
    1.3530
    04 Jan 2022
    0.5% 2 Weeks
    1.3822
    20 Oct 2021
    1.6% 90 Days
    1.3584
    18 Jan 2021
    0.1% 1 Year
    1.2338
    19 Jan 2017
    10.2% 5 Years
    1.5524
    21 Jan 2012
    12.4% 10 Years
    1.4262
    23 Jan 2002
    4.7% 20 Years
    GBP/USD change over periods to 18-Jan-2022

     

    In 2021 the market’s expectation for a rise in US inflation and thus interest rates pushed up the USD exchange rate against most currencies.

    This trend is seemingly continuing into 2022 although with a slight hiccup for the greenback mid January with Mr Powell’s confirmation hearing testimony disappointing the markets about the imminence of rate hikes.

    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.