GBP Trading Outlook Archive

The Sterling (GBP) found buyers under 1.6000 on Thursday and we closed with a small bounce towards 1.6050. Growing calls for further monetary stimulus (QE) from the BOE are undermining the outlook. Looking ahead, no economic data today.

The Sterling (GBP) grinded higher to 1.6050 as risk appetite improved but we could still see the downside tested if Global stock markets pullback or the Eurozone crisis flares up again via Spanish brinkmanship. EUR/GBP is holding above 0.8000 but is closely watched for pure… Read more

The Sterling (GBP) GBP/USD took a break from action overnight remaining close to the 1.6000 level for most of the day. The recent sell off on the Cable could be slowing down with plenty of support seen below the big figure. There is little economic… Read more

The Sterling (GBP) GBP/USD continued its correction lower towards the 1.6000 level almost testing it at 1.6020 by the close. The risk off feel and weakening technical picture is hurting the GBP on the major and the crosses. Fresh direction will require clarification of the… Read more

The Sterling (GBP) GBP/USD continued its correction lower towards the 1.6000 level almost testing it at 1.6020 by the close. The risk off feel and weakening technical picture is hurting the GBP on the major and the crosses. Fresh direction will require clarification of the… Read more

The Sterling (GBP) the GBP/USD ended lower on the day after failing to hold onto gains and the USD pushed back into the weekend. The positive risk appetite is letting the GBP/USD remain above 1.6000 but we are in no hurry to push to higher… Read more

The Sterling (GBP) the GBP/USD enjoyed rare support as the BOE held at 0.5% and didn’t change its own QE program. The Pound tracked the Euro higher and we finished just under 1.6200. The recent run of bad data and losses had started to undermine… Read more

The Sterling (GBP) the GBP/USD was on the back foot with some analysts suggesting the BOE will move to increase the Asset Purchase Program. GBP/USD broke 1.6100 and is threatening to slide further to 1.6000. The run of bad survey data this week is adding… Read more

The Sterling (GBP) was weaker than the Euro and fell to back to day lows unwinding any rally during the day. Investors have changed their mood on the GBP/USD last week and we seem to be in the process of consolidation and pullback. Looking ahead,… Read more

The Sterling (GBP) the GBP/USD underperformed again overnight with the market still in shock after the sharp selling on Friday and we didn’t manage to reclaim 1.6200 even with the mood improving. The source of the weakness is hard to pinpoint but traders point to… Read more