Loading...

GBP to USD Forecasts

OFX USA - International Money Transfers

  • Low cost and transparent fees
  • Excellent customer service and advice
  • Support is available 24/7 online or by phone
  • Rapid funds transfer from U.S. with large network of banking partners

The success or failure of post Brexit negotations will dominate GBP trends and forecasts in 2020.

#Guides #Forecasts
Email share     Facebook     LinkedIn    Twitter
GBP to USD Forecasts

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.”

You can read more about GBP cross-rate forecasts here GBP Trends and Forecasts for 2020.

GBP/USD – 1 year trend

GBP to USD calculator Send Money Travel Money

Currency News

Coronavirus panic drives US dollar strength
View
Coronavirus spread fears linger – USD strong – AUD at 11 year lows
View
Barclays: China’s Housing Slowdown to Drag Australian Dollar Lower
View

Get a Better FX Deal when you Send and Spend Abroad.

 
Do NOT follow this link or you will be banned from the site!