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GBP Trading Outlook (05-02-2013)

The Sterling (GBP) the GBP/USD got support from the EUR/GBP liquidation from 0.8700 down to 0.8560 and helped cable lift from 1.5700 to 1.5750. The GBP/USD has already been under pressure over the last few weeks so the market could not push lower but further European stock market jitters could lead to more losses ahead of the BOE on Thursday. Looking ahead, January EU PMI services forecast at 48.3 vs. 48.3 previously. Also UK January PMI forecast at 49.5 previously.

Back to GBP Trading Outlook Archive

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