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GBP to USD Forecasts

After finishing 2020 strongly the pound has continued higher to 3-YEAR-HIGHS, as markets remain optimistic with the rollout of Covid-19 vaccines.

 
GBPUSD at 1.3832 is near its 90-day average, 1.3571-1.4147 range.
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British Pound Sterling to US dollar bank forecasts

The pound resilience so far in 2021 hit a snag in early April on concerns relating to AstraZeneca shot around which the planned opening of the U.K. economy is heavily dependent on.

The pound did hit its highest level vs the US dollar since April 2018 against the US dollar on the final day of 2020 and has continued higher to 3-YEAR-HIGHS, as markets remain optimistic as the rollout of Covid-19 vaccines adding to the currency’s relief rally following the Brexit trade deal agreed at the end of the year.

ING predict GBP/USD should breach 1.50 this year. While risks remain in place (the negative headline news around the Scottish independence referendum; the ongoing risk of tariffs should UK government choose to deviate from EU labour laws), these should only slow, rather than reverse, sterling’s upside.

The UK is ahead of other large economies in the race to inoculate its population against the virus, with more than 4 million people in the UK having already received their first dose of a Covid-19 vaccine.

After dropping to US$1.27 towards the end of September the pound has steadily risen to its year highs touching US$1.37 in mid January on the resolution to the Brexit uncertainty.

This proves currency analysts correct who had predicted the currency could trade above $1.35 if the EU and UK managed to do a deal, a much better result for Sterling than the predictions for a no-deal outcome, where the pound was seen dropping to about $1.25.

NAB have revised upwards their pound sterling forecasts now expecting the GBP/USD rate to be at US$1.47 by June 2022, up from their previous forecast of US$1.39. For 2020, it sees GBP at US$1.36 by year-end, up from a predicted US$1.30.

A Brexit deal having been reached, the success or otherwise of Britain and the European countries in fighting the pandemic will dominate GBP and EUR trends and forecasts this year.

You can read more about GBP cross-rate forecasts here GBP Trends and Forecasts for 2021.

 

GBP to USD Exchange Rates – Compare and Save

 

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. This is why we’ve created this guide to recent forecasts on the GBP/USD.

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 below table does this for periods going back 10 years.

GBP/USDChangePeriod
1.3709
09 Apr 2021
0.9% ▲1 Week
1.3975
17 Mar 2021
1% ▼30 Days
1.3589
16 Jan 2021
1.8% ▲90 Days
1.2488
16 Apr 2020
10.8% ▲1 Year
1.4181
17 Apr 2016
2.5% ▼5 Years
1.6305
19 Apr 2011
15.2% ▼10 Years

GBP/USD 10 year historic rates & change to 16-Apr-2021 : 1.3832

   
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.