GBP Trading Outlook Archive

ORDERS & FLOWS: Not a lot of heavy turnover yesterday with the big players sitting on the sidelines. The big prime brokers report an increase in speculative short positioning although overall positions are still relatively small. There are reports of some pending buy-flows in AUD/JPY… Read more

ORDERS & FLOWS: No sign of any Sovereign buyers in the AUD/USD overnight but dealers still expect them to show some interest on any big dips towards 1.0000. Most of the big orders were cleared out in yesterday’s volatility.

ORDERS & FLOWS: Solid sell orders are reported in AUD/USD 1.0220/30 with stops above 1.0235 whilst the downside is similarly firm with Sovereign and corporate bids reported ahead of 1.0100.

ORDERS & FLOWS: The very heavy bids (including some notable Sovereign names) at 1.0220 proved too big for the bears and a nasty rally ensued when the shorts tried to cover after the NFP. Sell orders were reported on Friday starting at 1.0330 but no… Read more

ORDERS & FLOWS: All about the crosses overnight, with heavy selling seen from US-based investment funds across all of the AUD crosses. In the AUD/USD, corporate and Sovereign bids are still expected near 1.0225 but dealers say that order books are also heavy with offers… Read more

ORDERS & FLOWS: Stops reported (unsurprisingly) above 1.0370 but hedge funds were noted sellers overnight near 1.0355. Local banks report more decent selling interest near 1.0390/00.

ORDERS & FLOWS: The main overnight flows were in the crosses like AUD/NZD, during the Asian session, and GBP/AUD during the European session. AUD/USD has held up reasonably well despite the heavy AUD selling on the crosses.

ORDERS & FLOWS: Very solid corporate buying interest near 1.0220/30 has held the AUD/USD up but hedge funds and CTAs are still looking to sell rallies according to interbank reports. Asian Sovereign names including China were noted buyers of EUR/USD below 1.2980.

The British pound (GBP) is weakening following 2 weeks of strengthening mainly backed by comments from the Bank of England governor and better than expected data releases.

Movers & Shakers GBPUSD The British Pound (GBP) regained some of its previous losses against the US dollar (USD). The pair, currently moving above 1.4930 has been losing ground since December because of a weaker UK economy.