# GBP USD H2 2024 Market Outlook - FOREX.com UK

> GBP/USD gained 1.3% in the first half of 2024 and has traded in a range of 1.23 to 1.285. Markets now price roughly two 25-basis-point Bank of England cuts this year, similar to the expected Federal Reserve easing.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/30043-gbp-usd-h2-2024-market-outlook-forex-com-uk
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

With similar easing expectations in the UK and US, the pair is likely to stay range-bound. A bias toward more BoE cuts could push GBP/USD lower, a minor factor for feed import costs.

## Read by commodity

- AUDUSD: neutral
- GBPUSD: neutral

## Sources

- forex.com: https://www.forex.com/en/market-outlooks-2024/h2-aud-usd-outlook/
- forex.com: https://www.forex.com/en-uk/market-outlooks-2024/h2-gbp-usd-outlook/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.