GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD hit day highs at 1.6260 during the European session but was slammed lower in the US session. The heavy Euro and risk off stocks were the main catalyst for the Pound along with talk of month end flows being were… Read more

The Sterling (GBP) the GBP/USD gains but couldn’t match the speed of the EUR/USD and closed above 1.6200. EUR/GBP rallied up to 0.7950 and is a good pair to watch for genuine strength. Looking ahead, August German Retail Sales forecast at 0.6% vs. 0.3% previously.

The Sterling (GBP) the path of least resistance was downside overnight with losses mounting in the European session and fresh week lows below 1.6150 seen before the broader reversal in the US session tracking the EUR/USD higher. Looking ahead, Q2 Final UK GDP forecast at… Read more

The Sterling (GBP) GBP/USD was up and down with the rest of the market reaching 1.6260 twice before reversing to close below 1.6200 and a weak day of trade technically. The outlook for a larger pullback towards 1.6000 is very possible with market wide weakness…. Read more

The Sterling (GBP) the Pound was on the back foot from the start of the Asian session and fell below 1.6200 during the European session. We saw a small bounce to 1.6220 but the market is heavy as the lack of fresh direction prompts profit… Read more

The Sterling (GBP) managed fresh year highs above 1.6300 during the European session but reversed sharply in the US session dragged down by weaker stocks and Euro. The outlook is for more gains but there is still some event risk from Spain this week and… Read more

The Sterling (GBP) the GBP/USD outperformed other pairs holding at 1.6180 on the downside before returning to 1.6220 in the US Session. Crosses supported the major with EUR/GBP falling briefly below 0.8000. Looking ahead, BoE Governor King Speaks.

The Sterling (GBP) the MPC minutes released overnight showed more QE was on the cards from the UK central bank if needed. The GBP/USD fell but found support under 1.6200 and this highlighted the strength the Pound is receiving lately. A bigger pullback would still… Read more

The Sterling (GBP) the GBP/USD held gains against the USD and gained across the other currencies as the outperformance continued. EUR/GBP fell to 0.8030 and is eyeing a retest of the 0.8000 level. GBP/JPY back at Y128 and will be looking retest the critical Y130… Read more

The Sterling (GBP) the GPD/USD outperformed other majors gaining on the day even as stocks fell in the US session. The move above 1.6250 mean the EUR/GBP fell back to 0.8060 and could retest 0.8000 if the Euro rally falters. Looking ahead, August CPI forecast… Read more