GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD rallied but was lagging the EUR/USD as the EUR/GBP basked in the Euro positivity. Resistance was seen near 1.5650 and we are looking to retest last week’s highs above 1.5750 if the rally continues. GBP/JPY buying is supporting the rally…. Read more

The Sterling (GBP) the GBP/USD rallied with the Euro pre Draghi and the BOE did as expected leaving interest rates at 0.5% and Asset purchase program at 375bn. EUR/GBP spiked to 0.7900 but finished back below 0.7850 as the Euro was sold heavily in the… Read more

The Sterling (GBP) GBP/USD fell back to 1.5600 after very weak housing data and manufacturing PMI overnight. The July UK manufacturing PMI came in at 45.4 vs. 48.4 previously. The GBP/USD and EUR/GBP will both be in play tonight at the BOE & ECB meeting…. Read more

The Sterling (GBP) the GBP/USD fell from 1.5700 to lower 1.5600 after Moody’s reaffirmed its negative outlook on the UK credit rating. The EUR/GBP took advantage to rally up to 0.7850 and is in danger of a trend reversal after falling from 0.8500 to 0.7800…. Read more

The Sterling (GBP) the GBP/USD tested above 1.5750 a few times on Friday but each time we had solid resistance and the market is now ranging between 1.5700 and 1.5750 waiting for further news from the ECB and US FED. The UK itself has embarked… Read more

The Sterling (GBP) the GBP/USD was smacked lower after Q2 GBP fell quicker than forecast at -0.7% vs. -0.3% forecast by economists. Bad weather was blamed but it is still very negative with the market selling GBP aggressively across the board. The EUR/GBP helped the… Read more

The Sterling (GBP) the GBP/USD remained very calm while the rest of the market swirled around it sticking to the 1.5500 level. EUR/GBP fell back below 0.7800 and found support at 0.7775. Looking ahead, July German IFO forecast at 104.7 vs. 105.3. UK Q2 Preliminary… Read more

The Sterling (GBP) the GBP/USD was dragged lower to 1.5500 in the risk off environment with EUR/GBP actually rallying and the Pound underperforming the rest of the market. Traders believe this was just a technical correction and that the EUR/GBP should continue as the European… Read more

The Sterling (GBP) the EUR/GBP continued to fall under 0.7800 and helped to limit the losses the GBP/USD which fell from 1.5700 to 1.5600. The UK is looking like a safer place for investors to store their capital while the slow burning European crisis continues…. Read more

The Sterling (GBP) EUR/GBP broke below 0.78000 overnight and this supported the GBP/USD move back above 1.5700 where we have held for most of Asian trading on Friday. The Outlook is for more gains if the positive risk mood remains. Looking ahead, June German PPI… Read more