In mid-2022, the Bank of England released a forecast that the recession into which the British economy has fallen will probably last until 2024. Accordingly, it is too optimistic to expect the British pound to surge in the near future. The country is still adjusting to the exit from the European Union and transition to the new rails. Nevertheless, there are no preconditions for a serious weakening of the British currency. It can be concluded that the exchange rate fluctuation will be quite moderate, provided that there are no unforeseen circumstances that dramatically change the financial background of the country.