Current Forecast of British Pound to US Dollar
Units: GBP per USD, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for British Pound to US Dollar
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The British Pound Sterling
The British pound sterling, or pound or GBP, is the official currency of the United Kingdom. The pound sterling is the 4th most traded currency in the foreign exchange market, and is the 3rd most held reserve currency.