British Pound Sterling to US dollar bank forecasts
With such obvious post-Brexit negotation related uncertainties in play, analysts are reluctant to offer many GBP forecasts.
However, with the Bank of England (BoE) holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.
The GBP to USD exchange rate jumped to 1.31 in early February when Mark Carney – in his final press conference as Governor of the BoE – stated: “The UK economic performance has not been so far so good, but so far good enough. Although the global economy looks to be recovering, caution is warranted” and “Evidence of a pick-up in growth is not yet widespread.”
GBP/USD at 1.2484 was trading 0.8% aboveAVG:1.2382 with LO:1.1545 and HI:1.2747 (90 days). There are no current rate alerts.
Note that forecasts and predictions for the AUD/GBP exchange rate change all the time, affected by news events and relative sentiment towards the Australian and UK economies and this exchange rate is even more volatile than usual because of the uncertainties around Brexit.
What is a good AUD to GBP exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the GBP to USD exchange rate to the present day for periods going back upto 10 years:
GBP/USD historic rate
Change to 03-Jul
1.2335 26 Jun 2020
1.2574 03 Jun 2020
1.2267 04 Apr 2020
1.2582 04 Jul 2019
1.5565 05 Jul 2015
1.5159 06 Jul 2010
GBP/USD 10 year historic rates & changes to 03-Jul-2020 : 1.2484
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