GBP Trading Outlook Archive

The Sterling (GBP) Heavy EUR/GBP selling help slow the GBP/USD losses overnight where the market found support at 1.5480 before stabilizing at the figure. GBP/JPY selling has accelerated however and so the major is likely to continue to be under pressure with a significant change… Read more

The Sterling (GBP) the GBP/USD was crushed lower by the BOE Governor Kings speech overnight. He commented that the limits of the monetary policy (cutting rates) leaves the door open for further stimulus (QE) in light of inflation. Cable hit 1.5550 throughout his speech and… Read more

The Sterling (GBP) GBP/USD found support under 1.5600 and surged on GBP/JPY buying and EUR/GBP selling in the US session. The outlook is negative as major supports have been broken and the rallies have been sold into lately. Only a move above 1.5800 would stem… Read more

The Sterling (GBP) the GBP/USD returned to its downtrend falling sharply overnight from 1.5800 to 1.5660. The recent buying post carney has faded and we will be looking to economic data to see if the recent slip into recessionary numbers continues. EUR/GBP reversed higher towards… Read more

The Sterling (GBP) reacted positively to new BOE Governor Carney comments that he will be looking to create an exit plan for the BOE’s recent Asset Purchases which surprised the market given expectations of a more dovish tone. He rejected the FED model of unlimited… Read more

The Sterling (GBP) the GBP/USD will be vulnerable to its own interest rate event risk today with the MPC meeting but widely forecast to stay on hold. Volatility may come from the future BOE Governor who will be speaking before the MPC and may offer… Read more

The Sterling (GBP) the GBP/USD was whippy hitting 1.5800 after better than expected services PMI in January at 51.5 vs. 49.5 previously back into expansionary territory. Fresh selling emerged at the highs and accelerated lower to fresh trend lows as EUR/GBP buying undermined the Pound… Read more

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… Read more

The Sterling (GBP) it was a tail of two cities on Friday with the GBP/USD clobbered unable to track stocks higher and instead falling on the back of weak economic data. January Manufacturing PMI dropped to 50.8 vs. 51.4 previously. EUR/GBP buying was another source… Read more

The Sterling (GBP) did well in a market caught short on the cable taking advantage of the USD weakness and tracking the EUR/USD rally. Resistance was found at 1.5880 and we consolidated for the rest of the session and throughout Asia on Friday. Looking ahead,… Read more