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GBP Trading Outlook (18-04-2012)

The Sterling (GBP) the GBP/USD roared back to life with the buyers given the green light to push the major back above 1.5950. The 1.6000 is now the target and although we traded above the level only a few weeks ago we failed to hold it after the market mood soured. EUR/GBP is still sitting at the lower 0.8200 region and testing the patience of those looking for a break lower. Looking ahead, April BOE Meeting Minutes forecast at 9-0. Also UK February Unemployment Rate forecast at 8.4.

Back to GBP Trading Outlook Archive

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