GBP/USD Forecast: Pound to Dollar Outlook and Levels
This analysis is from 1 November 2026. Prices have moved since, so the levels below may no longer apply until the next update.
GBP/USD forecast in 30 seconds
Short term
1.3387 at the Friday close on 30 October 2026. The daily chart shows a defined uptrend; last week tested the 2024 high at 1.3434.
Medium term
Last week was an outside week. Only below its low at 1.3272 would the short-term picture turn negative.
Long term
GBP/USD has been in a trading range since May 2025. The 2026 high is 1.3869, the 2026 low 1.3137.
Super long term
Above the market lie two important resistances: the lows of 2009 at 1.3502 and 2001 at 1.3683.
On this page
- GBP/USD forecast in 30 seconds
- GBP/USD forecast, super long term: two resistances from 2009 and 2001
- GBP/USD forecast 2027, long term: the trading range since May 2025
- GBP/USD forecast 2026, medium term: an outside week at the 2024 high
- GBP/USD forecast Friday, 30 October 2026: a defined uptrend on the daily chart
- The two paths for GBP/USD and when they apply
- What can move GBP/USD next
- How this forecast is made
- Conclusion: assessment by Karsten Kagels
- Frequently asked questions
- Please note
GBP/USD forecast, super long term: two resistances from 2009 and 2001
Click to enlargeAll four charts were exported on Sunday, 1 November 2026, between 18:04 and 18:08 CET. The market was closed, so each chart shows the Friday close of 30 October at 1.3387. That is also the weekly and monthly close.
The yearly chart shows the long-term development since 1971. The British pound is currently trading in the area of the 2024 high at 1.3434. Above the market lie two important resistances: the 2009 low at 1.3502 and the 2001 low at 1.3683.
GBP/USD opened 2026 at 1.3455. The 2026 high so far is 1.3869 and the 2026 low 1.3137. Below the price, the chart marks the 2023 high at 1.3142.
Resistance
- 1.3869
- 1.3683
- 1.3502
- 1.3434
Price at analysis1.3387
Support
- 1.3142
- 1.3137
GBP/USD forecast 2027, long term: the trading range since May 2025
Click to enlargeThe monthly chart shows the trading range since May 2025. In 2026 the pound has so far reached a 2026 high of 1.3869. In October it fell to the 2026 low at 1.3137, just below the 2023 high at 1.3142.
October then recovered to the 2024 high. The month opened at 1.3263, reached a monthly high of 1.3434 and closed at 1.3387. Above the close lie the 2009 low at 1.3502 and the 2001 low at 1.3683.
Resistance
- 1.3869
- 1.3683
- 1.3502
- 1.3434
Support
- 1.3142
- 1.3137
GBP/USD forecast 2026, medium term: an outside week at the 2024 high
Click to enlargeLast week developed into an outside bar. Its high and its low both lie outside the range of the week before. The week opened at 1.3366, fell to 1.3272, rose to 1.3434 and closed at 1.3387.
The weekly high tested the 2024 high at 1.3434. The weekly close is 47 pips below it. The 2009 low at 1.3502 is the next marked resistance, 115 pips above the close.
The low of this outside week is the short-term trigger. It lies at 1.3272, 115 pips below the close. Below the price, the chart also marks the 2023 high at 1.3142.
Resistance
- 1.3683
- 1.3502
- 1.3434
Support
- 1.3272
- 1.3142
GBP/USD forecast Friday, 30 October 2026: a defined uptrend on the daily chart
Click to enlargeThe daily chart shows a defined uptrend. Since the October low at 1.3137 the pound has risen back to the 2024 high.
On Friday GBP/USD reached 1.3434 and closed at 1.3387. The day opened at 1.3375 and its low was 1.3369. The first resistance is the 2024 high at 1.3434, then the 2009 low at 1.3502 and the 2001 low at 1.3683.
Resistance
- 1.3683
- 1.3502
- 1.3434
Support
- 1.3272
- 1.3142
The two paths for GBP/USD and when they apply
One base case and one level below which it turns. The base case is further rising prices; the low of the outside week at 1.3272 is the level below which the short-term picture turns negative. These are reference levels, not order rules.
Bullish: the pound probably keeps rising
As long as GBP/USD holds above 1.3272, further rising prices are likely. On the way up lie the 2024 high at 1.3434, the 2009 low at 1.3502 and the 2001 low at 1.3683.
Bearish: below the low of the outside week
Below 1.3272 the short-term picture turns negative. A larger downward move could then follow, because the strong resistances above the market would gain weight. Below the price lie the 2023 high at 1.3142 and the 2026 low at 1.3137.
Resistance
- 1.3683
- 1.3502
- 1.3434
Support
- 1.3272
- 1.3142
- 1.3137
What can move GBP/USD next
Three dates are coming up in the next ten days. They are reasons to read the chart again, not a forecast of a particular reaction. US times are Eastern Time, with central European time in brackets; the US switched to winter time on 1 November.
- 5 November, noon London time (7:00 a.m. ET, 13:00 CET): Bank of England rate decision with a new Monetary Policy Report (BoE dates)
- 6 November, 8:30 a.m. ET (14:30 CET): US jobs report for October (BLS schedule)
- 10 November, 8:30 a.m. ET (14:30 CET): US consumer prices for October (BLS schedule)
The background is a small rate gap. The Bank of England confirmed Bank Rate at 3.75 percent on 17 September by six votes to three. The Fed left its target range at 3.75 to 4.00 percent on 28 October (FOMC statement). The dollar’s rate lead is therefore 0 to 0.25 percentage points. UK inflation rose to 3.5 percent in September, from 3.1 percent in August (ONS). More in our articles on the Bank of England rate decision and the Fed rate decision.
How this forecast is made
The charts are my own, with FXCM price data, from the yearly to the daily chart. Each shows the highs and lows of earlier years that matter for its horizon. How such levels work is explained in our guide to support and resistance. The charts were made with TradingView, and this page follows our editorial policy. For the dollar side of the largest pair, see the EUR/USD forecast.
Conclusion: assessment by Karsten Kagels
As an active trader since 1980, I currently expect GBP/USD to keep rising. The daily chart shows a defined uptrend, and last week was an outside week that tested the 2024 high at 1.3434.
My assessment for the coming weeks: the short-term picture only turns negative if the pound falls below the low of the outside week at 1.3272. In that case a larger downward move could follow, because the strong resistances of the 2009 and 2001 lows above the market would then gain weight.
Frequently asked questions
What is the GBP/USD forecast for 2026?
On the chart, the picture currently points up. The daily chart shows a defined uptrend, and last week tested the 2024 high at 1.3434. Above it lie the 2009 low at 1.3502 and the 2001 low at 1.3683. Only below 1.3272 would the short-term picture turn negative.
Will the British pound rise or fall against the dollar?
The chart currently points to a stronger pound against the dollar. Last week was an outside week with a higher high and a lower low than the week before, and it tested the 2024 high. Below the weekly low at 1.3272, however, a larger move down would become possible.
How high are the policy rates in the UK and the United States?
They are almost level. The Bank of England confirmed Bank Rate at 3.75 percent on 17 September 2026, and the Fed left its target range at 3.75 to 4.00 percent on 28 October. The next Bank of England decision comes on 5 November 2026.
How much is 1 pound in dollars right now?
At the Friday close on 30 October 2026, 1 pound cost 1.3387 US dollars. The latest reading is always in the key points at the top of this page. In reverse: 1 US dollar in pounds equals 1 divided by the GBP/USD rate, so at 1.3387 one dollar cost about 0.747 pounds.
Please note
The scenarios are a personal assessment based on experience. They summarize possible price developments for each time frame and are not a certainty. This is market analysis, not investment advice. Keep your position sizes in line with your own risk management.
This forecast is translated from the German edition on kagels-trading.de.
How our forecasts are made and reviewed: How we work.