GBP Trading Outlook Archive

The Sterling (GBP) The GBP/USD was similar to the EUR/USD breaking a key big figure at 1.5000 but bouncing into the close and consolidating in Asia so far. The market is aggressively bearish on the Pound and could fall significantly further with the Bank of… Read more

The Sterling (GBP) the GBP/USD was quiet but well supported by EUR/GBP selling which fell back to 0.8600 by the end of the trading day. Cable has been grinding higher and testing 1.5200 twice this week and a third attempt may see the struggling Pound… Read more

The Sterling (GBP) GBP/USD was range bound consolidating recent losses but unable to track the other risk assets higher. GBP/JPY was the main support and broke above Y140 in Asia today after the Bernanke led Yen selloff. Looking ahead, February German Unemployment Change forecast at… Read more

The Sterling (GBP) was sold as the downtrend resumed with some very dovish comments from BOE members such as Tucker’s ‘I hope we will think about whether there are constraints to setting negative interest rates’. GBP/JPY is under heavy selling pressure back under Y140 and… Read more

The Sterling (GBP) defied gravity rallying as EUR/GBP slumped through 0.8600 in the Asian session Tuesday from the lofty 0.8800 level early Monday morning with the market caught heavily long. The recent selloff on the GBP/USD hit fresh lows yesterday on the AAA rating downgrade…. Read more

The Sterling (GBP) was in the spotlight as rating agency Moody’s cut its AAA rating to AA1 stable. The reaction so far negative may lead to a rally with the cut widely anticipated and sell the rumor buy the fact a game often played with… Read more

The Sterling (GBP) broke lower going into in the start of the European session with GBP/USD hitting new trend lows at 1.5125 before rebounding sharply to 1.5260 as EUR/GBP selling. The outlook is very weak for the GBP/USD and selling rallies remains the preferred way… Read more

The Sterling (GBP) fell sharply for most of the day down over 200 pips and hitting 1.5200 in the Asian session so far. The market was already bearish on the Pound and the change in risk sentiment has added to the selloff. GBP/JPY and GBP/AUD… Read more

The Sterling (GBP) Fresh trend lows where seen on Cable at 1.5440 before we bounced back to 1.5460 in quiet US session trade. The market is selling the Pound on expectations of further easing from the BOE and comments from Waele over the weekend confirmed… Read more

. The Sterling (GBP) Heavy GBP/USD selling was seen after terrible January Retail Sales at -0.6% vs. 0.5% forecast m/m. The 1.5500 level was broken and we fell to fresh trend lows at 1.5460 before recovering back to the 1.5500 figure for the close. The… Read more