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    USD to GBP 2024 Forecasts

    Analysis of recent Dollar→Sterling forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Pound Sterling performance and trends.


    Forecasts for USD to GBP

    USDGBP chart
    60-DAY LOW1d

    Recent forecasts by a panel of Reuters forex strategists suggest that the U.S. dollar's strength, buoyed by a solid domestic economy and high Treasury yields, is expected to pose a stiff challenge to most major currencies, including the British Pound, by year-end. FX analysts emphasize that despite periods of softness, the greenback has shown remarkable resilience amidst global growth concerns and China's economic woes impacting risk sentiments. This strength is projected to carry into 2024; however, a modest weakening trend is anticipated against key currencies as the Federal Reserve potentially gears up for an interest rate cut. Economists forecast that the dollar's robustness experienced over the past year will likely start to reverse as the Fed concludes its rate hiking cycle into 2024.

    On the other side of the pond, the GBP's outlook appears more subdued, with FX strategists from institutions such as Wells Fargo and TD Securities predicting a potential slump for the Pound to 1.20 or below against the Dollar by early 2024. The market view, which includes assessments by Danske Bank and Commerzbank, points to a bearish scenario for Sterling, driven by factors like the expected halt of policy tightening by the Bank of England and the consequent loss of interest rate support. Furthermore, both HSBC and Barclays have shifted from a bullish stance to a more cautious outlook on the Pound, as the seemingly indomitable strength of the dollar overshadows the UK currency. They note that dwindling consumer confidence in the UK and the Eurozone could predict economic underperformance ahead, which, combined with the currency's high volatility and sensitivity to political events like Brexit, could lead to rapid exchange rate fluctuations.

    Reflecting on the recent USD/GBP price data, it is apparent that the exchange rate of 0.7901 stands below its 3-month average, evidencing a reasonably stable trend in the market. However, with Cable proving to be a momentum-driven pairing, there remains the potential for the exchange rate to deviate from forecasted paths considerably, responding dynamically to shifts in economic indicators and central bank policies.

    @bestfxrates : Recent USD/GBP forecasts hint at a strong dollar against the Pound by year-end. FX analysts see resilience in USD with high Treasury yields, despite a potential 2024 Fed rate cut. GBP could slump to 1.20 amid economic challenges and halted BOE hike. Cable at 0.7901, watch for volatility. #ForexUpdate

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    USD to GBP Market Data

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

    1 USD =
    0.7928We compare provider deals to this wholesale mid-market rate. Read more
    USD to GBP at 0.7915 is 2.1% below its 3-month average of 0.8082, having traded in a quite stable 5.3% range from 0.7861 to 0.8280
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    60-DAY LOW1d

    Compare & Save - US dollar to Pound Sterling

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Pound Sterling (GBP) rates from different sources before making a conversion.

    Use our USD to GBP 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 Dollar to Sterling currency rates and the possible savings of using various providers.

    20 Nov 2023
    1% 2 Week
    05 Sep 2023
    0.5% 3 Month
    04 Dec 2022
    2.6% 1 Year
    05 Dec 2018
    0.7% 5 Year
    06 Dec 2013
    29.4% 10 Year
    09 Dec 2003
    38.1% 20 Year
    USD/GBP historic rates & change to 04-Dec-2023

    Will the US dollar rise against the Pound Sterling?

    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 USD/GBP 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 Kingdom - a practical currency and money guide to travel, living and doing business in the United Kingdom with the Pound Sterling.


    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