GBP Trading Outlook Archive

The Sterling (GBP) was weak with a small Cable rally being sold into as EUR/GBP buying weighs on the major. London was closed for holidays so traders will be waiting for Thursday to get a real feel for GBP/USD’s strength. Also ahead, November Mortgage Approvals… Read more

The Sterling (GBP) pushed to 1.6270 before consolidating and closing at 1.6250. EUR/GBP edged higher to 0.8140 close to the highs for the month seen at 0.8150. CPI came in pretty hot at 2.7% y/y and hinders the BOE ability to expand QE. Also ahead,… Read more

The Sterling (GBP) was sidelined by profit taking and demand on dips for GBP/USD. Cable hugged the 1.6200 figure for most of the US session and the Asian session so far Tuesday. Looking ahead, November UK CPI forecast at 0.2% vs. 0.5% previously. Also ahead,… Read more

The Sterling (GBP) Cable managed only a smaller rally back above 1.6100 but lagging the EUR/USD. EUR/GBP moved higher to 0.8000 and is an important cross to watch to gauge relative strength of the two majors. Looking ahead, German CPI forecast at -0.1% m/m. October… Read more

The Sterling (GBP) was stronger grinding higher to 1.6100 before running out of steam and settling back to 1.6070. The support above 1.6000 last week and yesterday has the topside in focus and we could retest the 1.6130 highs from last week and open up… Read more

The Sterling (GBP) was dragged lower be the Euro slump but we have found support at 1.6050 on Cable. EUR/GBP fell below 0.8100 and has traded as low as 0.8070 so far in Asia. The outlook is mixed with bulls cautious given the new Euro… Read more

The Sterling (GBP) remained at the 1.6100 level in very tight range which is unusual for the Pound which usually trades in a 100 pip+ daily range. The BOE meet tonight to discuss UK interest rates and are widely expected to keep rates at 0.5%… Read more

The Sterling (GBP) was contained to a 50 pip range around the 1.6100 level and was left behind by the EUR/USD rally. EUR/GBP has taken advantage of the recent underperformance of the GBP and is now approaching at 0.8150. Looking ahead, October Retail Sales forecast… Read more

The Sterling (GBP) was strong advancing to 1.6100 tracking the Euro strength and reacting to better than forecast PMI manufacturing at 49.1 vs. 47.3 previously. GBP/JPY is finding resistance above Y132 but is still well supported on dips. Looking ahead, November UK Construction PMI forecast… Read more

The Sterling (GBP) reversed from 1.6060 to tested 1.6000 during the US session on Friday with weak Canadian GDP and US income figures putting a dampener on the final session. Over the weekend we saw good Chinese data but US politicians seem no closer to… Read more