SGD to GBP Travel Money Compared

GBP/SGD: range-bound near the 90-day avg and mid 3‑month range, trading close to the 30‑day low. BoE stays cautious with gradual cuts; MAS remains accommodative, widening the gap that supports GBP vs SGD. UK GDP growth set to slow, capping sterling upside. Bias Range-bound; current level sits near the ninety-day average and near the middle of the three-month range, with the price hovering near the thirty-day low. Key drivers - Rate gap: BoE remains cautious, with gradual cuts expected into the coming year, while MAS has kept a more accommodative stance (policy designed to stimulate borrowing and spending), widening the policy gap that can support GBP versus SGD. - One macro factor: UK GDP growth is projected to slow in the coming year, limiting sterling upside even as inflation drops and the consumer keeps spending. Range GBP/SGD is likely to drift within the three-month range, with a slight tilt toward the lower end if UK data weakens and toward the upper end if risk appetite improves (investor willingness to take on risk), though liquidity could be thin at times. What could change it - Upside risk: UK data surprises to the upside, BoE hints at earlier tightening, and a softer dollar reduces pressure on GBP. - Downside risk: UK growth worsens, or global risk-off moves (flight to USD) shift funds to USD and away from GBP, overcoming any domestic support