GBP Trading Outlook Archive

The Sterling (GBP) GBP/USD broke above 1.6200 as the strength continued but were not matching the gains of the EUR/USD so the EUR/GBP hit new rally highs above 0.8100. Ongoing ‘risk on’ trade is likely to see the GBP/USD push even higher. Looking ahead, EU… Read more

The Sterling (GBP) the weak USD has sent the GBP/USD to 1.6200 and we are looking for even more gains as the sentiment remains strong. The EUR/GBP is continuing to grind higher lately as the Euro recovery extends. The UK has its own QE program… Read more

The Sterling (GBP) the Pound was supported by the EUR/USD rally and strong local data. August Unemployment claims fell 15k and is a positive sign for the job sector. The Unemployment rate increased however to 8.1% as more people returned to looking for a job…. Read more

The Sterling (GBP) GBP/USD lifted off the 1.6000 levels and rallied to 1.6080 tracking EUR/USD higher. UK data has been improving of late and yesterday’s Trade balance was no exception with the July figure dropping to -7.1bn vs. -9bn. Looking ahead, August German CPI forecast… Read more

The Sterling (GBP) reversed back below 1.6000 as the lofty figure proved too much for the Pound given so many risk events on the horizon. The trend is still higher however so support is expected to be found shortly at either 1.5960 or 1.5920. GBP/JPY… Read more

The Sterling (GBP) the GBP/USD broke above 1.6000 but failed to keep up with the EUR/USD which meant the EUR/GBP leapt to 0.8000. The Pound has been enjoying a nice uptrend recently and we could see this continue as long as risk appetite remains upbeat…. Read more

The Sterling (GBP) was higher but only marginally gaining to 1.5950 on the major. More substantial gains were seen on the GBP/JPY which moved above Y125 in strong trade. Looking ahead, July German Trade Balance at 15.5bn vs. 16.2bn previously. Also released German Industrial Output… Read more

The Sterling (GBP) the GBP/USD broke and closed above 1.5900 and is looking strong well positioned to test the major 1.6000 level if stocks react positively to the BOE/ECB double tonight. Looking ahead, Bank of England Meeting forecast to hold at 0.5% and keep asset… Read more

The Sterling (GBP) the weakness of the Euro spread to the GBP and we saw a pullback from 1.5900 to 1.5850. Helping support was the August PMI services which jumped to 53.7 vs. 51.0 previously. This combined with a stellar manufacturing survey on Monday have… Read more

The Sterling (GBP) the GBP/USD rubbed against the 1.5900 level for most of the day overnight with risk on trade and positive sentiment. The manufacturing PMI from the UK overnight was very strong at 49.5 vs. 46 forecast. Looking ahead, Switzerland Q2 GDP forecast at… Read more