The British pound was slightly down at $1.416 on Friday, after falling to a one-month low of $1.4071 on Thursday, amid concerns over tensions between Brussels and London, the rising number of COVID cases in the UK and a possible delay of the wider reopening of the UK economy due on June 21st. Britain and the EU have failed to agree on solutions to post-Brexit trade problems in Northern Ireland, with each side accusing the other of bad faith. On the economic data front, UK GDP rose by 2.3% in April, slightly above forecasts and marking the fastest growth since July, an increase that reflects recent reopening. The country's economic output was also a record 27.6% larger than 12 months before.
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 June of 2021.
The British Pound is expected to trade at 1.40 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.37 in 12 months time.