GBP Trading Outlook Archive

The Sterling (GBP) was quite stable against the greenback but lost further ground against the Euro. GBP/USD found support at 1.5850 again and crept higher. UK Retail Sales missed at -0.8% vs. -0.1% previously. Looking ahead, Buba President Weidmann Speaks.

The Sterling (GBP) spent most of the day between 1.5860-1.5900. But sellers remain in control for now with the Euro led weakness dominating the market. Strong support is seen at the 1.5850-60 where the 200 DMA is major technical level. Looking ahead, UK Claimant Count… Read more

The Sterling (GBP) remained weak with GBP/USD breaking through 1.5900 and continuing to grind lower in Asia today. The 200DMA is close at 1.5850 and could provide some support. GBP Crosses are weighing with GBP/AUD slumping and EUR/GBP back above 0.8020. Looking ahead, October CPI… Read more

The Sterling (GBP) ended the week on the back foot down at the 1.5900 level with risk aversion weighing and crosses failing to support. EUR/GBP remains close to the 0.8000 level but GBP/JPY has fallen to Y126 down from Y129 at the start of last… Read more

The Sterling (GBP) struggled in the risk off environment falling below 1.5950 in the European session before returning to the 1.6000 level by the end of the US session. The BOE met and held rates at 0.5% and kept their asset purchase program at 375bn… Read more

The Sterling (GBP) held up well finding support under 1.6000 and via EUR/GBP selling which is down below 0.8000 now. The upcoming BOE meeting where rates are forecast to be held at 0.5% also have a chance to increase UK Asset Purchase Program. The chance… Read more

The Sterling (GBP) GBP/USD has been extremely volatile with sellers pushing the major below 1.6000 but we have surged back above the round figure in Asia today as the Dollar is sold across the board. GBP/USD will follow the EUR/USD while the EUR/GBP is locked… Read more

The Sterling (GBP) GBP/USD was pushed back below 1.6000 after UK Services PMI fell to 50.6 vs. 52 previously. EUR/GBP pivoted the 0.8000 level with the GBP and Euro losses roughly at the same pace. There is some focus on who will replace the BOE… Read more

The Sterling (GBP) GBP/USD fell back to 1.6000 but has held above the level so far with EUR/GBP selling helping to support. The EUR/USD sell off has left all the majors under pressure and if the selling continues this week then the GBP/USD could be… Read more

The Sterling (GBP) the GBP/USD fell back to the lower 1.60’s with little news and activity given the US Traders away. Some attention was paid to BOE Dale comments that Q4 GDP will likely be a lot lower than the positive Q3 print. Looking ahead,… Read more