“I always advise people never to give advice.” ― P.G. Wodehouse
There are lots of currencies which are traded in pairs and amongst all of them, the oldest currency pair is the GBP- or British Pound Sterling and USD- U.S Dollar. It is one of the most looked at currency pair for FX traders because of ample information available over the web. However the pair is extremely volatile and so extreme caution and in depth analysis is required.
The segment will talk about GBP USD forecast and the ways to get their accurate readings. So follow closely.
Its main characteristics;
- The trading pair of GBP/USD is also one of the searched for FX forecast amongst traders.
- Its usual broker spread comes around 3-5 pips and its everyday range is somewhere around 150-200 pips.
- Its best time to trade is 0700 GMT-1700 GMT
What is the best way to get an accurate GBP USD forecast?
Check out the FX trading websites for GBP USD exchange rate forecast
In the online world you will find plenty of websites giving away GBP to USD Forex forecast. These FX trading forums are operated by top exponents of the trade. Using their knowledge and understanding of the field, they will calculate the appropriate reading and display the information for you to glance at.
One thing to mention is that there is nothing called a 100% reliable GBP USD live forecast. The risk factor will also be there but considering the experience those experts have, it alright to trust their calculations.
Taking up online tutorials;
The second possible mode of acquiring trust-able GBP USD forecast is to learn about it. For that you will need to be clear with the fundamental as well as technical analysis of FX trade as otherwise you will not be able to understand or make use of Forex forecast GBP USD.
This takes time, dedication and lots of practise and just doesn’t happen overnight. You can refer to some texts or online tutorial program where experts of the field will guide you in your quest.
These online tutorials are a great way to know about the fundamentals of FX trade and also about GBP USD exchange rate forecast. You can chat with these experts through online chat, refer to their presentations, knowledge filled videos and become aware of the present market situation.
Some other methods for Forex forecast GBP USD,
Apart from these two modes there are other methods which you can use for knowing GBP USD exchange rate forecast.
- PPP-Purchasing power parity is one widely used mode for GBP- USD Forex forecast. This method based on the theoretical law of one price states similar goods even in different countries should have similar prices
- Relative economic strength approach- This approach looks at the strength of different nations’ economic growth to calculate GBP USD long term forecast.
Its difference with PPP is that it does not estimate what exchange currencies should be. Rather it gives an outlook about the rise and fall of a currency through economic development. Experts state that this should be used with other GBP USD long term forecast modes to get a more accurate reading.
- Time series model- This is another mode which you can use to know about the GBP- USD Forex forecast. This mode is highly based on analytics and is not built on any economic theories. Here, the previous behaviours and cost patterns are examined to foresee future price-behaviour.
Hoping that you have gained much more about how to make a proper GBP USD forecast. After reading this, if you are interested in currency exchange, you can check out a trust worthy provider which gives you an accurate reading on popular currency trades and also a reading into the present market analysis and trends such as GBP USD forecast.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.