Pound to US Dollar Forecast and Live Exchange Rate
The pound to us dollar forecast from investment banks and market pricing, with the live GBP/USD rate, charts and daily analysis
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Updated
What's Driving GBP/USD
- ๐บ๐ธ Pound Sterling Live forecasts GBP/USD holding above 1.33 after the Fed hold, with Chair Kevin Warsh's refusal to commit to a December hike taking some rate support from USD
- Fed voted 10-2 on 28 October to hold the funds rate at 3.75% to 4.00%, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favour of a hike
- Crรฉdit Agricole: investors read Warsh dovishly after he said quashing inflation is not about a fixed calendar date, pulling two-year Treasury yields to 4.70%
- Markets price around 21bp of Fed hikes for December and 46bp through March, with US PCE data on 30 October the next test
- CIBC Capital Markets: the case for a December hike is still strong, with two dissents, core CPI above expectations for two months and most members agreeing on one more hike by year-end
- Chancellor John Healey's Budget passed quietly on 28 October with the 10-year gilt yield easing to 5.32%, leaving the Bank of England's 5 November decision the next GBP catalyst
- ๐ GBP/USD is back above its 21-day average at 1.3287 and the 1.3302 line it fell through on 27 October
- A daily close above 1.3336 would reopen GBP/USD's highs near 1.34 from the week of 19 October
- A break below 1.3274, the October rally's base, would be the first sign of USD reasserting itself
- ๐ญ Pound Sterling Live's medium-term forecast is for USD strength to persist while the Fed keeps hikes in play and GBP/USD makes lower highs beneath August's 1.3676 peak
- Pantheon Macroeconomics: falling inflation and rising unemployment in 2027 will let the Fed stop hiking and cut rates by 75bp by year-end
For the latest analysis visit the GBP/USD News Hub โ
| One Week | 1.3377 |
| One Month | 1.3377 |
| Three Months | 1.3379 |
| Six Months | 1.3375 |
| One Year | 1.3359 |
| Date | Open | Close | High | Low | Mid |
|---|---|---|---|---|---|
| Fri 30 Oct | 1.3377 | 1.3395 | 1.3407 | 1.3375 | 1.3386 |
| Thu 29 Oct | 1.3326 | 1.3377 | 1.3384 | 1.3296 | 1.3352 |
| Wed 28 Oct | 1.3306 | 1.3327 | 1.3338 | 1.3273 | 1.3316 |
| Tue 27 Oct | 1.3342 | 1.3306 | 1.3349 | 1.3303 | 1.3324 |
| Mon 26 Oct | 1.3384 | 1.3342 | 1.3388 | 1.3328 | 1.3363 |
| Fri 23 Oct | 1.3400 | 1.3376 | 1.3408 | 1.3361 | 1.3388 |
| Thu 22 Oct | 1.3395 | 1.3400 | 1.3419 | 1.3355 | 1.3397 |
| Wed 21 Oct | 1.3379 | 1.3395 | 1.3403 | 1.3365 | 1.3387 |
| Tue 20 Oct | 1.3304 | 1.3379 | 1.3409 | 1.3301 | 1.3342 |
| Mon 19 Oct | 1.3317 | 1.3304 | 1.3342 | 1.3299 | 1.3310 |
| Fri 16 Oct | 1.3276 | 1.3329 | 1.3372 | 1.3268 | 1.3303 |
| Thu 15 Oct | 1.3194 | 1.3276 | 1.3278 | 1.3187 | 1.3235 |
| Wed 14 Oct | 1.3255 | 1.3194 | 1.3275 | 1.3137 | 1.3225 |
| Tue 13 Oct | 1.3208 | 1.3255 | 1.3259 | 1.3205 | 1.3231 |
| Mon 12 Oct | 1.3231 | 1.3208 | 1.3261 | 1.3202 | 1.3219 |
| Fri 9 Oct | 1.3229 | 1.3233 | 1.3250 | 1.3206 | 1.3231 |
| Thu 8 Oct | 1.3213 | 1.3229 | 1.3248 | 1.3185 | 1.3221 |
| Wed 7 Oct | 1.3275 | 1.3213 | 1.3276 | 1.3194 | 1.3244 |
| Tue 6 Oct | 1.3223 | 1.3275 | 1.3285 | 1.3202 | 1.3249 |
| Mon 5 Oct | 1.3244 | 1.3223 | 1.3250 | 1.3191 | 1.3233 |
| Fri 2 Oct | 1.3196 | 1.3241 | 1.3256 | 1.3182 | 1.3218 |
| Thu 1 Oct | 1.3264 | 1.3196 | 1.3273 | 1.3181 | 1.3230 |
Pound to US Dollar Forecast: 1.3379 in Three Months
These predictions are based on the forward points being traded in currency markets. These contracts are widely used by businesses, investors, and financial institutions for hedging or speculative purposes. The pricing of forwards provides valuable insights into market expectations for the future direction of currency pairs.
In one month the Pound-US Dollar exchange rate is forecast to be at 1.3377, according to market-implied pricing. In three months, the rate is expected to be at 1.3379. In six months the projected rate is at 1.3375. In one year the rate is expected to be at 1.3359.
Quarterly GBP/USD targets from Goldman Sachs, Barclays, JP Morgan, Deutsche Bank, ING and more โ updated weekly.