Pound-to-Dollar Forecast for Tomorrow, This Week, and Month (GBP/USD)
GBP/USD is a forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US dollars are needed to buy one British pound.
The GBP/USD pair is a very liquid pair with minimal volatility. It is the third-most popular pair, with trading activity accounting for approximately 12% of the total trading volume. Along with this, it is one of the oldest and most traded currency pairs in the world.
By the early 2000s, the EU and UK economies were growing faster than the US economy and were suffering from a “dot-com crisis” as the GBP/USD moved higher.
Then we come to 2016, when the GBP/USD exchange rate saw a sharp decline following the results of the referendum that decided Britain would leave the European Union.
The EU energy crisis in 2022 brought the value of the British pound sterling dangerously close to parity. Now it will be important to see whether the price of the British Pound will continue to fall, or is it worth buying now?
In this blog post, we will shed light on the intricacies of the pound-dollar exchange rate and offer a comprehensive forecast for tomorrow and the week ahead.
On this page, you will find the latest information about the current price of the pound to the US dollar and forecast exchange rates for tomorrow, this week, and this month.
- The technical indicator data is updated based on a specific time frame.
- Pound to US dollar exchange rate forecasts are updated daily.
- Price charts and the latest exchange rates are updated in real-time.
Indicator-Based Technical Analysis of GBP/USD
You can find better entry points through the indications of the technical analysis tools given below.
- “Sell” or “Strong Sell” means that most signals are bearish.
- “Buy” or “Strong Buy” means that most signals are bullish.
Keep in mind that signals may vary in different time frames. For short-term transactions, it is recommended to use settings ranging from 5 minutes to 2 hour. And if you want to hold GBP/USD for more than a week, it is recommended to use settings ranging from days to weeks.
Pound to US dollar forecast for tomorrow, this week, and this month
The pound-to-dollar exchange rate forecast for tomorrow is 1.291 US dollars.
| Date | Weekday | Min | Max | Rate |
|---|---|---|---|---|
| 16/05 | Friday | 1.315 | 1.355 | 1.335 |
| 19/05 | Monday | 1.324 | 1.364 | 1.344 |
| 20/05 | Tuesday | 1.311 | 1.351 | 1.331 |
| 21/05 | Wednesday | 1.317 | 1.357 | 1.337 |
| 22/05 | Thursday | 1.312 | 1.352 | 1.332 |
| 23/05 | Friday | 1.305 | 1.345 | 1.325 |
| 26/05 | Monday | 1.312 | 1.352 | 1.332 |
| 27/05 | Tuesday | 1.315 | 1.355 | 1.335 |
| 28/05 | Wednesday | 1.314 | 1.354 | 1.334 |
| 29/05 | Thursday | 1.309 | 1.349 | 1.329 |
| 30/05 | Friday | 1.301 | 1.341 | 1.321 |
| 02/06 | Monday | 1.297 | 1.337 | 1.317 |
| 03/06 | Tuesday | 1.31 | 1.35 | 1.330 |
| 04/06 | Wednesday | 1.307 | 1.347 | 1.327 |
| 05/06 | Thursday | 1.316 | 1.356 | 1.336 |
| 06/06 | Friday | 1.308 | 1.348 | 1.328 |
| 09/06 | Monday | 1.303 | 1.343 | 1.323 |
| 10/06 | Tuesday | 1.311 | 1.351 | 1.331 |
| 11/06 | Wednesday | 1.314 | 1.354 | 1.334 |
| 12/06 | Thursday | 1.317 | 1.357 | 1.337 |
| 13/06 | Friday | 1.318 | 1.358 | 1.338 |
| 16/06 | Monday | 1.322 | 1.362 | 1.342 |
| 17/06 | Tuesday | 1.332 | 1.372 | 1.352 |
| 18/06 | Wednesday | 1.344 | 1.384 | 1.364 |
Current GBP/USD Chart Online
Latest Exchange Rates Online
What Factors Influence the GBP/USD Long-Term Price Forecast?
The dynamic character of the Forex markets is reflected in the wide range of factors that affect long-term price projections for the GBP/USD currency pair. These mainly include the GDP growth rates of the Eurozone and the United States, inflation rates, changes in interest rates set by the Bank of England (BOE), and the Federal Reserve, and their policies have a significant impact.
FAQs
Is the GBP/USD pair appropriate for beginners in trading?
Yes, the GBP/USD pair is best for beginners in trading. The price of this pair has moderate volatility with high liquidity. This means that traders are protected from sudden short-term price movements in either direction.
What is the risk of trading GBP/USD?
There are inherent risks involved in trading any currency pair, including GBP/USD. Which includes market risk, economic risk, and political risk.
Price Prediction Methodology
The following tools are used to make predictions:
- Technical analysis is the basic tool. This involves studying price charts and using indicators to forecast future price movements. The analysis was mostly done on medium- and long-term time frames for more accurate results.
- Fundamental analysis involves examining the financial health and market factors of a company to predict its future performance.
- Predictive modeling uses statistical algorithms to forecast future prices based on historical data.
- Forecasts are based on consensus and expert opinion.
This article is intended for informational purposes only and does not constitute investment advice. Be aware of the high volatility of the forex market and consider these risks when making investment decisions.
