What do banks expect for GBP/USD?

What do banks expect for GBP/USD?

There’s seldom a single opinion among different analysts. However, this time the views on the prospects of the British pound versus the US dollar are mostly the same. We have read the news and put this all together for your.

JP Morgan thinks that GBP/USD has settled above 1.30. If this support holds, the pair will aim to 1.3280/90. In this area, there’s a significant resistance, says JPM.

Analysts at Lloyds Bank point out that Britain has released some positive economic figures so far, so GBP/USD will likely stay between 1.3050 and 1.3285 in the near term. The bank is cautious about the further upside: to be sure that the pair is able to retest 1.3385 and 1.3515, it has to break above 1.3285. Otherwise, it will risk sliding to 1.2800-1.2700.

Technical analysis provided by Commerzbank offers the same resistance level: 1.3285. The initial resistance is at 1.3175 (minor downtrend). On the downside, a decline below 1.2908 will open the way down to 1.2690 (200-day MA).


The longer-term forecasts for GBP/USD

Analysts at Thomson Reuters claim that GBP/USD can rise as high as to 1.50 if foreign demand for UK stocks grows this year. British stocks used to underperform, but things may change after Boris Johnson’s victory in the recent election. BNY Mellon, however, reminds that the GBP will still be exposed to big risks related to the UK-EU negotiations this year.



Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera