GBP Trading Outlook Archive

The Sterling (GBP) had a very quiet end to the week falling back to 1.6100 after finding resistance at 1.6140 twice. The flat US stocks hurt sentiment and prompted a small pullback but EUR/GBP selling supported again with the pair remaining just above the 0.8000…. Read more

The Sterling (GBP) in stark contrast to the Euro the GBP/USD held on to gains and kept creeping higher for most of the day. Back above 1.6100 the big move was on the EUR/GBP which dropped from 0.8150 to 0.8030. The catalyst for the strength… Read more

The Sterling (GBP) GBP/USD reclaimed 1.6000 on the positive EU rumors and Chinese PMI news. The main drag recently has been speculation the BOE will increase its own QE program to help stimulate a faltering recovery but the Governor has suggested this is still undecided…. Read more

The Sterling (GBP) the risk sensitive pound was already on the back foot yesterday before US stock losses and we broke 1.6000 support convincingly now. BOE Governor King spoke yesterday about the banks QE program and would be ready to inject more if the economic… Read more

The Sterling (GBP) was weaker than most with the bounce to 1.6050 fading and we closed at 1.6000 once again. The bears are looking for a break and are getting help from the EUR/GBP which is pressuring the topside. GBP/JPY is supporting the Pound however… Read more

The Sterling (GBP) GBP/USD has fallen back to 1.6000 and is under pressure with the risk sensitive pair tracking US stocks lower. There is some concern that the MPC could expand the BOE asset purchase program to help a faltering recovery and this is putting… Read more

The Sterling (GBP) was sold aggressively with US stocks as Google results were released by mistake early and badly missed forecasts. The risk sensitive Pound fell back below 1.6100 to 1.6040 and is stable in Asia so far. Earlier in the day we saw day… Read more

The Sterling (GBP) found resistance at 1.6180 overnight before easing back to 1.6140 be the close. The outlook is positive with strong global stock markets supporting. The MPC minutes showed a 9-0 vote as expected to leave things unchanged. Looking ahead, UK September Retail Sales… Read more

The Sterling (GBP) moved above 1.6100 and topped out at 1.6130 with the bulls back in control so far this week. The GBP/USD will follow the lead of the EUR/USD although EUR/GBP is grinding higher so perhaps the movements will be at slower pace. Looking… Read more

The Sterling (GBP) the GBP/USD was quiet in a 50 pip range between 1.6030 and 1.6080. The Pound is following the lead of the Euro and will do well if EUR/USD breaks above 1.3000. Little economic data this week means the stock market will be… Read more