The US Dollar-to-Pound Sterling forecast is an indication of where technical and fundamental analysts think the GBPUSD price may be in the future. You can use these exchange rate forecasts to help you decide if now is the right time to buy Pounds with US Dollars, or if you should wait until the price improves.
US Dollar to GBP forecast highlights
- GBPUSD attempts to affirm technical floor near 1.200-1.210
- Turbulence may increase in the rate due to a fall in risk sentiment and new BoE updates this week
- Rate is expected to trade sideways in between 1.220-1.260 in the near term
How has the US Dollar performed against the GB Pound recently?
GBPUSD has continued to its downward pressure this week, on renewed selling from traders. The catalyse for this action lies with the USD.
Specifically, the tariffs proposals from the newly-inaugurated Trump have shocked the markets into a risk-off mode. During this stressful time investors tend to buy USD. Hence there was an initial drop in the rate into 1.225 on Monday.
However, the rate has clawed back some ground and traded at 1.235 at the time of writing. Despite this rebound, the market is watching intensely how President Trump is prepared to carry out the newly-announced decisions in the days ahead. Traders are also waiting for the Bank of England monetary updates this week.
Is it a good time to buy GBP Pounds with US Dollars?
GBPUSD is trading at around 1.230, plus or minus a hundred pips. Trendwise, however, the rate is still being weighed down by the long-term downtrend. By this I mean the pattern of lower reaction highs on the weekly bar chart.
This means that, over the long term, Pound Sterling is getting cheaper versus the dollar.
But if you need to buy GBP in the near term, now may not be a bad time to exchange some USD for Sterling. The rate has been falling for weeks and is probably ‘oversold’ technically. Support is emerging at 1.200 and may cause the downtrend to flatten.
Will the US Dollar get stronger aginst the Pound in 2025?
GBPUSD’s long-term downtrend remains in place. However there is technical support at the psychological level 1.200.
This area has been reaffirmed as support since early 2023 and should be a reasonable short-term support. Whether GBPUSD can rebound all the way to 1.340 in the near term is highly questionable, since UK’s macro data are not supportive of this bullish view.
GBPUSD is likely to bounce around 1.210-1.260 for the time being.
What is the US dollar to Pound forecast in weeks, months and years
The range of forecasts for GBPUSD is slightly skewed towards the positive side.
The bulk of predictions, as derived from fxstreet, centered around 1.250-1.260 in the next few weeks. This is a reasonable view since GBP is not expected drop sharply – unless UK’s day-to-day economic statistics start to weaken more than expected in the next few weeks.
On USD, the outlook is harder to anticipated. The series of rapid executive decisions emanating from Trump’s White House have yet to impact GBPUSD.
Source: fxstreet
Where is the best place for buying large amounts of Pounds from US Dollars
There are two different ways people buy Pounds from US dollars:
- Through a currency broker – when transferring money abroad
- Through a forex broker – when speculating on the price of currency
You can use this comparison table of US currency transfer companies to see how many currencies they offer, what the minimum USD transfer is and if they offer forwards and currency options as well as when they were established. You can either visit each currency broker individually or use our currency quote comparison tool to request multiple exchange rates.
Or, if you are more interested in trading GBPUSD you can compare US forex brokers here.
How many Pounds does 1 US Dollar get at the live exchange rate?
At the che current GBPUSD exchange rate 1 USD is worth 0.801785 GBP which is a change of -0.33% from the previous day’s closing price. Over a week GBPUSD is -0.33%, compared to its change over a month of -0.39% and one year of 1.2%.
GBPUSD exchange rate data is updated every 15 minutes.
Jackson is a core part of the editorial team at GoodMoneyGuide.com.
With over 15 years industry experience as a financial analyst, he brings a wealth of knowledge and expertise to our content and readers.
Previously Jackson was the director of Stockcube Research as Head of Investors Intelligence. This pivotal role involved providing market timing advice and research to some of the world’s largest institutions and hedge funds.
Jackson brings a huge amount of expertise in areas as diverse as global macroeconomic investment strategy, statistical backtesting, asset allocation, and cross-asset research.
Jackson has a PhD in Finance from Durham University and has authored nearly 200 articles for GoodMoneyGuide.com.
You can contact Jackson at jackson@goodmoneyguide.com
