GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD broadly tracked the Euro on Friday up in the US session and holding on to these gains with stock markets remaining elevated. Looking ahead, August UK PMI Manufacturing forecast at 46 vs. 45.4 previously.

The Sterling (GBP) GBP/USD remained strong retesting 1.5850 before falling back to the now familiar 1.5800 range. Cable will follow the EUR/USD broadly with the fate of the two European currencies intertwined due to close trade relationships. Looking ahead, August Nationwide House Prices forecast at… Read more

The Sterling (GBP) Cable was stronger than most holding above 1.5800 and testing 1.5850 yesterday as traders remain bullish. GBP/AUD is continuing to rally and is pushing towards 1.5300. Looking ahead, German August Unemployment Change forecast a t8k vs. 7k previously. Also July UK Mortgage… Read more

The Sterling (GBP) the GBP/USD rebounded above 1.5800 and is well positioned for further gains with the recent 3 day pullback finding support near the upwards trend line at 1.5750. Little in the way of data this week will keep traders looking to technical and… Read more

The Sterling (GBP) the GBP/USD eased for a third day back under 1.5800 and the uptrend in under threat if 1.5750 breaks today. The general outlook is linked with the Euro and Friday’s USD event will also be a big mover for the Pound. Looking… Read more

The Sterling (GBP) pulled back further but in a quiet fashion to close just above the 1.5800. Q2 GDP was at -0.5% as expected and created little movement. A positive week of trade for the Pound and bulls will still be looking to buy on… Read more

The Sterling (GBP) resistance was seen above 1.5900 and a larger pullback was seen with US stocks than with the Euro as the Pound is a more risk sensitive currency. Support was found under 1.5850 and the GBP/USD been very quiet so far in Asian… Read more

The Sterling (GBP) the GBP/USD surged towards 1.5900 on the back of the weak USD and is targeting 1.6000 in coming sessions with the uptrend in play. EUR/GBP is actually holding at the 0.7900 and could dip lower as the GBP holds its own against… Read more

The Sterling (GBP) the GBP/USD broke with the EUR/USD surging to 1.5800 before finding resistance and easing back with US stocks. The outlook is mixed with the Pound strong technically but if US stocks move lower then the Pound will likely follow. The EUR/GBP cross… Read more

The Sterling (GBP) was extremely quiet pivoting the 1.5700 level tracking the ups and downs of the EUR/USD. Major resistance is just above near 1.5750. Looking ahead, July UK Public Sector Net Borrowing forecast at -2.7bn vs. 12.1bn previously. August CBI Orders at -8 vs…. Read more