GBP Trading Outlook Archive

The Sterling (GBP) tested the downside in sympathy with the Euro for a test of the 1.6000 major Psychological level. Support was found in the US session at 1.5980 and we closed back at the 1.6000 in mixed trade. Sellers looking for a fresh downtrend… Read more

The Sterling (GBP) traded in a tight range with support found at 1.6030 before testing 1.6100 later in the US session. We closed roughly unchanged at 1.6060 and we have a mixed outlook with the BOE recently being quote dovish and with Fitch last night… Read more

The Sterling (GBP) was rescued by the sharp EUR/USD rally to climb away from the 1.6000 support. GBP/JPY buying also supported and we moved above 1.6150 in the US session. The BOE held at 0.5% and kept QE at 375bn as widely expected. Looking ahead,… Read more

The Sterling (GBP) is under heavy selling pressure lately as trader’s price in more easing form the BOE in 2013. The BOE meet tonight and are unlikely to move on rates or the size of their Asset purchase program at this meeting. Support was found… Read more

The Sterling (GBP) Cable was on the back foot with the Euro falling down below 1.6050 before support was found and we stabilized just above the support. GBP/JPY selling added to weight overnight as we broke below Y140. Looking ahead, UK November Trade Balance forecast… Read more

The Sterling (GBP) GBP/USD took advantage of the Dollar weakness grinding back above 1.6100 and is well positioned to test higher now the market has stabilized. December Halifax gained 1.3% vs. 0% forecast m/m. Looking ahead, German November Trade Balance forecast at 15 vs. 15.2bn… Read more

The Sterling (GBP) underperformed the Euro with the EUR/GBP grinding higher but the general theme was the same with selling early in the day and a relief rally late in the US session. The outlook for 2013 will be greatly affected by the new BOE… Read more

The Sterling (GBP) was weaker than the Euro and fell the most in 1 trading day since 2011. The main catalyst was the USD strength post FOMC minutes but also a growing feeling in the market that a short term top is in place for… Read more

The Sterling (GBP) has surged back to life in the last 2 trading days moving from 1.6150 to 1.6350 as the bears were caught on the wrong side of the market and GBP/JPY soared higher. The Pound had been out of favor since the Bank… Read more

The Sterling (GBP) has surged back to life in the last 2 trading days moving from 1.6150 to 1.6350 as the bears were caught on the wrong side of the market and GBP/JPY soared higher. The Pound had been out of favor since the Bank… Read more