What is the projection for the USD versus the british pound over thye next 3 months

Hi michou-ga,

"What is a forward rate? 

The N-day forward rate is the rate which appears in contracts to
exchange one currency for another N days in advance of the actual
transaction. It is distinguished from the spot rate, which is the rate
used in agreements to exchange one currency for another immediately.
No currency changes hand between the parties in a forward contract at
the time it is signed; the currency is exchanged at the maturity date
of the contract N days in the future."
Quote from: http://fx.sauder.ubc.ca/forward.html

I wanted to answer your question with some links to sites where you
can find up-to-the-minute forward rates on any combination of
currencies.

BMO Economics: Daily FX Rates -
http://www.bmo.com/economic/regular/fxrates.html
BMO is a large bank that has a large presence in Canada.

OzForex
http://www.ozforex.com.au/cgi-bin/forwardrates.asp
Looking around on the OzForex site will also allow you go view
currency fluctuations at numerous time intervals.

fxcentre.com
http://www.fxcentre.com/fwd_rates.asp

I hope this gives you a bit more information on the forward rates for
the currencies you are asking about. If you need any further
clarification, please don't hesitate to ask prior to rating and
therefore closing this question.

Thanks!

Legolas-ga

Search Terms:
forward rates gbp usd
forward rates

The "forward rates" as they are called are published by financial
service firms like Reuters for each of the currencies depending on
many factors.
The current forward rate for GBP over USD at the end of 3 months is
1.8277. This information is from Bloomberg and as of 08/09 when the
spot rate is 1.8427