GBP Trading Outlook Archive

The Sterling (GBP) took advantage of the USD weakness to pare back some of the recent losses. Sentiment towards the Pound is weak but we have already has some considerable selling over the last two weeks on what is still unconfirmed rumors. Talk in the… Read more

The Sterling (GBP) the Pound spent most of the day in recovery mode rebounding from 1.5700 to 1.5760 in a quiet grind higher. The recent selling in the Pound is anticipating of further QE from the BOE or at least Jawboning from the BOE Members… Read more

The Sterling (GBP) the GBP/USD is in a solid downtrend and broke through a major support at 1.5690 overnight after the BOE Governor Carney spoke dovish at Davos. Continued government borrowing and weakening economic outlook has raised the chance that the UK may lose its… Read more

The Sterling (GBP) the GBP/USD continued to come under pressure falling under 1.5800 with the BOE expected to announce new QE expansion and remain dovish on the UK economy going forward. GBP/JPY is one bright spot gaining at the Yen’s expense up to Y144. Looking… Read more

The Sterling (GBP) fresh selling emerged overnight with GBP/USD breaking below 1.5800 even as it’s neighbor in the EUR/USD rallied in the US session. The EUR/GBP cross highlighted the different direction hitting a multimonth high above 0.8450. GBP/JPY was able to rally to Y143 but… Read more

The Sterling (GBP) is under pressure being sold on rallies and in danger of further losses on most of the GBP crosses with GBP/AUD at 1.5000 overnight. Sentiment towards the Pound is souring because of the MPC signaled intent to expand their QE if the… Read more

The Sterling (GBP) while the GBP generally tracked the EUR/USD lower and then back near opening levels during the US session. At the close however we saw some selling on the back of BOE Governor King’s comments that BOE QE is an important tool for… Read more

The Sterling (GBP) continued to trend lower in light trade with the market remaining sour of the British pound. EUR/GBP broke above 0.8400 as the EUR/USD remained strong. Looking ahead, German ZEW economic forecast sentiment 12 vs. 6.9 previously. Eurozone EconFin meeting.

The Sterling (GBP) broke 1.6000 finally and crashed through to 1.5850 on the back on growing concerns that the UK will distance itself from the EU. PM Cameron has a critical speech planned on the subject this week and traders will be carefully digested his… Read more

The Sterling (GBP) was the weakest currency in the market overnight with the out of fashion Pound being sold through 1.6000 and struggling to bounce with the EUR/USD rally in the US session. GBP/JPY is still supportive on dips and is helping stem the GBP/USD… Read more