Pound Sterling (Gbp) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Gbp is likely to buy:

Currency	current_value	minimum	maximum
Gbp/Usd	1.5263	1.4954	1.5525
Gbp/Aud	1.7289	1.7189	1.7352
Gbp/Chf	1.6095	1.4881	1.7061
Gbp/Inr	71.2477	68.1197	73.9051
Gbp/Cny	10.3437	9.8278	10.7510
Gbp/Jpy	134.8868	124.1247	143.1467
Gbp/Brl	2.6860	2.5152	2.8228
Gbp/Nzd	2.1114	2.1028	2.1316
Gbp/Cad	1.5747	1.5163	1.6273
Gbp/Zar	11.4952	10.9876	12.0173
Gbp/Eur	1.1963	1.1936	1.2002

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.

Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts

Pound's current valuation shows that it is fairly valued.

With the current Government's plan to get the budget defict down to nearly 1% over the course of their current term, the markets and the rating agencies have begun to look at the Pound favourably. With the uncertain market dynamics moving from looking at dangers faced by the US dollar on one hand and the Euro on the other, the Pound could benefit as an alternative investment currency.

Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/pound-streling-gbp-monthly-forecast.html