The British pound traded around $1.275 on Friday, little-changed from the previous session and recovering from a two-month low of $1.2676 on Wednesday. Investors are taking the view that more stimulus measures to help the economy might be announced soon after UK Chancellor Rishi Sunak unveiled Thursday a government's plan aimed to protect jobs over the next six months, amid a surge in COVID-19 cases. Still, the threat of new lockdown measures, the prospect of a no-deal Brexit and the possibility of negative rates continued to weigh on the currency.
Historically, the British Pound reached an all time high of 2.86 in December of 1957. British Pound - data, forecasts, historical chart - was last updated on September of 2020.
The British Pound is expected to trade at 1.27 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.24 in 12 months time.