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

DateForecast
Oct-171.3202
Nov-171.365
Dec-171.376
Jan-181.333
Feb-181.35
Mar-181.366
Apr-181.375

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.