GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD eased on Friday unable to kick higher after the strong moves on Thursday and falling back to the comfortable 1.5700 level in quiet trade. GBP/AUD buying supported along with GBP/JPY moves but the major will require fresh UK news to… Read more

The Sterling (GBP) the GBP/USD finally broke 1.5700 decisively and pushed higher to 1.5750 on the back of the stocks and EUR/USD rally. July Retail Sales at 0.3% vs. -0.1% forecast helped underpin the move higher and traders are looking to extend the gains. Looking… Read more

The Sterling (GBP) the GBP/USD was very quiet for a third day in very rare trade remaining close to the 1.5700 level. GBP/JPY buying and EUR/GBP selling is helping the major remain supported but traders will grow impatient and a breakout either way should happen… Read more

The Sterling (GBP) the GBP/USD remained close to the 1.5700 level but could not push above the level once again with USD strength in the US session. GBP/JPY is supporting the major with a nice move higher yesterday on the back of the USD/JPY. Looking… Read more

The Sterling (GBP) the 1.5700 level resistance proved too much for the GBP/USD and when EUR/GBP buyers entered the market and US stocks fell Cable eased back to 1.5680 supports. Looking ahead, August German ZEW Survey forecast at -19.6 vs. -19.6 previously.

The Sterling (GBP) what started as a weak day for the GBP/USD with the uptrend under pressure after 1.5600 was broken in the European session turned into a bullish day by the US close. The sharp reversal from 1.5580 lows saw 1.5700 tested for the… Read more

The Sterling (GBP) the GBP/USD muddled through an uninspiring day of trade falling back from highs in Asia at 1.5680 to support at 1.5610 in the US session. The Major is still bullish technically with higher lows daily but a failure to break 1.5700 soon… Read more

The Sterling (GBP) GBP/USD had a stellar day and was the strongest pair in the market after the BOE Governor King argued against cutting interest rates surprising the bears. Resistance was found just under 1.5700 and we are still under the level in Asia but… Read more

The Sterling (GBP) the GBP/USD rallied to 1.5650 before easing back with the Euro in the US session but overall did much better than most pairs and finished higher on the day. Looking ahead, June German Trade Balance forecast at 15bn. June Industrial Output forecast… Read more

The Sterling (GBP) THE GBP/USD was under pressure for most of the day down from 1.5650 to 1.5550. Constant EUR/GBP buying weighed and could hamper further rallies for the major. UK Halifax House Prices fell -0.6% vs. -0.5% forecast m/m. Looking ahead, June Industrial Output… Read more