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    GBP to USD Forecasts

    The GBP to USD exchange rate is one of the most interesting/tricky 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: Nov 04, 2022  

     

    1 GBP = 1.1985 USD
    Sell GBP  →  Buy USD
    GBP to USD at 1.1987 is 4.6% above its 90-day average 1.1465 with range 1.0680-1.2116.
    |
      1 USD = 0.8344 GBP
     
    GBPUSD :
    90-DAYHIGH4d
    1-DAY-0.9%

    Pound to US dollar Outlook

    GBPUSD is down around 15 percent this year and hit an all-time low (since decimalisation in 1971) in late September of 1.03 (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the previous (new) chancellor.

    The Bank of England has joined the global fight against inflation, but has raised rates by less than the US Federal Reserve.

    So it seems the BoE’s gloomy economic forecasts has increased pressure on Sterling.

    DateGBP/USDChangePeriod
    14 Nov 2022
    1.1752
    1.7% 2 Week
    30 Aug 2022
    1.1659
    2.5% 3 Month
    28 Nov 2021
    1.3341
    10.4% 1 Year
    29 Nov 2017
    1.3417
    10.9% 5 Year
    30 Nov 2012
    1.6021
    25.4% 10 Year
    03 Dec 2002
    1.5646
    23.6% 20 Year
    GBP/USD historic rates & change to 28-Nov-2022

    The best way to get a good GBP/USD exchange rate is to compare bank and FX providers.

    The FX providers below are among the best in the industry. They have an extensive range of offerings, including advice, online tools to help with your exchange rates, and low or even zero fees.

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    Factors that influence the GBP to USD exchange rate

    ‘Cable’ is the slang term used by forex traders for the pound-to-dollar foreign exchange rate. The term originated in the late 19th century, when it became possible to wire the exchange rates between US dollars and British pounds across the Atlantic Ocean by means of a transatlantic cable. Ever since then, these values are also called ‘the cable.’

    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 pound hit an all-time low (since decimalization in 1971) in late September of 1.03 against the greenback (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the new chancellor.

    The outlook for sterling against most currencies over the winter remains extremely challenging in its precarious post-Brexit/Ukraine war economic environment.

    GBP Forecasts

     

    Economists expect the US dollar’s strength over the past year to reverse in 2023 as the Fed’s interest rate hikes cycle to an end.

    A clear reflection of this is that the US Dollar index (measure of the USD strength against basket of currencies) which has pulled back from 20 year highs.

    USD Forecasts

    To consider the current GBP-USD relative value you can check the change in the exchange over a range of periods to the present day. The table above does this for periods going back 20 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.