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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 British pound performance and trends.

     

    Forecasts for USD to GBP

     

    Recent forecasts for the USD to GBP exchange rate indicate a mixed outlook influenced by volatility in both currencies. As of the latest data, the USD is holding at 0.7736, which is a solid 1.1% above its three-month average of 0.7651, and has traded within a stable 5.7% range from 0.7454 to 0.7879. The US dollar experienced fluctuations driven by mixed economic indicators, such as unexpectedly strong ADP payroll figures contrasted with a slower third-quarter GDP growth, which led to a decrease in the USD’s strength. The upcoming release of the core PCE price index, key for gauging inflation, could further impact the USD’s performance, especially if inflation readings align with forecasts of a cooling economy.

    On the other side, the GBP has seen strength on the expectations surrounding the UK’s Autumn Budget, which is anticipated to include increased public investment under Chancellor Rachel Reeves. This potential boost to public spending could influence interest rates set by the Bank of England, leading to sentiment that supports GBP appreciation. The outcome from the budget statement is poised to create considerable volatility in the pound, with analysts noting that a favorable reaction from the markets could see GBP gain ground against the dollar. As the election dynamics in the US unfold, notably the prospects of a Trump presidency raising inflation expectations, market analysts caution that further complications may arise, contributing to ongoing volatility in the "Cable" exchange rate. In summary, while the USD maintains a robust position, the GBP's trajectory hinges significantly on domestic policy developments and their economic implications.

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    USD to GBP Market Data

    US dollar (USD) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 USD =
    0.7740We compare provider deals to this wholesale mid-market rate. Read more
    GBP
    -0.2%
    2M
    USD to GBP at 0.7736 is 1.1% above its 3-month average of 0.7651, having traded in a quite stable 5.7% range from 0.7454 to 0.7879
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    Compare & Save - US dollar to British pound

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to British pound (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.

     
    DateUSD/GBPChangePeriod
    18 Oct 2024
    0.7662
    1% 2 Week
    03 Aug 2024
    0.7809
    0.9% 3 Month
    02 Nov 2023
    0.8204
    5.7% 1 Year
    03 Nov 2019
    0.7729
    0.1% 5 Year
    04 Nov 2014
    0.6249
    23.8% 10 Year
    06 Nov 2004
    0.5407
    43.1% 20 Year
    USD/GBP historic rates & change to 01-Nov-2024
     

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    Will the US dollar rise against the British pound?

    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 Rate Tracker to track and benefit from currency movements.

     
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    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