Pound-to-INR Forecast for Tomorrow, This Week, and Month (GBP/INR)
GBP/INR is a forex ticker that shows the value of the British Pound against the Indian Rupee. It tells traders how many Indian rupees are needed to buy one British pound. This is an exotic pair that is cross. It has relatively high volatility and low liquidity, so strong slippage can be seen.
The GBP/INR price chart shows volatile movements in the short term and an upward wave-like chart in the longer term. Both regions experience structural internal economic problems based on geopolitics and energy. Economic conditions in the United Kingdom affect the value of the British pound against the Indian rupee.
In this blog post, we will shed light on the intricacies of the British Pound to Indian Rupee 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 against the Indian rupee 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-Indian rupee exchange rate forecasts are updated daily.
- Price charts and the latest exchange rates are updated in real-time.
Indicator-Based Technical Analysis of GBP/INR
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 1 hour. And if you want to hold GBP/INR for more than a week, it is recommended to use settings ranging from days to weeks.
Pound to Indian rupee forecast for tomorrow, this week, and this month
The pound-to-Indian rupee exchange rate forecast for tomorrow is 106.79 Indian rupee.
| Date | Weekday | Min | Max | Rate |
|---|---|---|---|---|
| 15/05 | Thursday | 108 | 112 | 110 |
| 16/05 | Friday | 108 | 112 | 110 |
| 19/05 | Monday | 109 | 113 | 111 |
| 20/05 | Tuesday | 108 | 112 | 110 |
| 21/05 | Wednesday | 109 | 113 | 111 |
| 22/05 | Thursday | 109 | 113 | 111 |
| 23/05 | Friday | 109 | 113 | 111 |
| 26/05 | Monday | 109 | 113 | 111 |
| 27/05 | Tuesday | 108 | 112 | 110 |
| 28/05 | Wednesday | 108 | 112 | 110 |
| 29/05 | Thursday | 109 | 113 | 111 |
| 30/05 | Friday | 109 | 113 | 111 |
| 02/06 | Monday | 110 | 114 | 112 |
| 03/06 | Tuesday | 110 | 114 | 112 |
| 04/06 | Wednesday | 110 | 114 | 112 |
| 05/06 | Thursday | 110 | 114 | 112 |
| 06/06 | Friday | 110 | 114 | 112 |
| 09/06 | Monday | 110 | 114 | 112 |
| 10/06 | Tuesday | 110 | 114 | 112 |
| 11/06 | Wednesday | 110 | 114 | 112 |
| 12/06 | Thursday | 111 | 115 | 113 |
| 13/06 | Friday | 112 | 116 | 114 |
| 16/06 | Monday | 113 | 117 | 115 |
| 17/06 | Tuesday | 114 | 118 | 116 |
Current GBP/INR Chart Online
Latest Exchange Rates Online
What Factors Influence the GBP/INR Long-Term Price Forecast?
Major factors affecting GBP/INR price:
- Economic Growth and Indicators: Long-term trends in GDP growth, employment rates, and industrial production in both the United Kingdom and India can influence the GBP/INR exchange rate.
- Interest Rate Differentials: Changes in interest rates set by the Bank of England (BoE) and the Reserve Bank of India (RBI) can influence the GBP/INR exchange rate. Higher interest rates in the UK relative to India may attract capital flows to the Pound.
- Current Account Balances: Trade balances and current account balances of both regions can impact their currencies. A trade surplus in the UK or a deficit in India, for example, can affect the exchange rate.
- Foreign Direct Investment (FDI) and Portfolio Flows: Long-term trends may be influenced by foreign direct investment and portfolio flows. The attractiveness of each country as an investment destination affects the exchange rate.
- Political Developments: Political stability and policy continuity in both the United Kingdom and India contribute to investor confidence. Political uncertainty can lead to currency fluctuations.
- Foreign Exchange Reserves: The management of foreign exchange reserves by the RBI can impact the stability of the INR and, consequently, the long-term GBP/INR exchange rate.
FAQs
Is the GBP/INR pair appropriate for beginners in trading?
The GBP/INR pair is not recommended for beginners as it has relatively high volatility and low liquidity; hence, strong slippage can be seen. Any beginner will be better off with higher liquidity, which is seen in major currency pairs such as EUR/USD or USD/JPY.
What is the risk of trading GBP/INR?
There are inherent risks involved in trading any currency pair, including GBP/INR. 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.
