GBP/USD Price Forecast – Calm Before the Storm for Pound
If you are thinking of trading in currency pairs, it is important to understand the basics of exchange rate forecasts. These forecasts help banks, businesses and individuals make better decisions about their finances.
GBP/USD Price Forecast: Calm Before the Storm for Pound
The British pound has a long history of being one of the most heavily traded currencies in the world. As a result, it can be hard to predict how it will perform in the future. However, with a little bit of research, you can gain some insight into what the pound is likely to do in the coming year.
ING expects the pound to rise in 2022, hitting a high of $1.37 before falling across the rest of the year. Meanwhile, CIBC Capital Markets forecasts that the pound will fall early in 2022 and rise higher to 1.36 by the end of the year.
As a result of the UK’s decision to leave the European Union, it is difficult to predict how it will perform in the future. But, if the UK continues to grow at a robust pace then it is likely that the pound will remain strong. But, if the economy slows down in the EU, it could lead to an accelerated decline in the pound. It will also depend on the Bank of England’s plans for interest rates.
