GBP Trading Outlook Archive

The Sterling (GBP) closed at opening levels but was well supported on a pullback in the European session. The MPC minutes from the last bank of England interest rate meeting where a surprise to the market with a 7-2 split. The two dissenters did not… Read more

The British pound (GBP) rose to 1.5663 from 1.5625 US dollars, ahead of the Bank of England (BoE) Monetary Policy Committee (MPC) meeting minutes release today at 08:30 GMT.

The Sterling (GBP) was the strongest currency in the market gaining against the USD and Yen and also making small gains against other risk assets with the UK seen as a better bet than the Euro for going forward. EUR/GBP broke 0.7850 and is making… Read more

The Sterling (GBP) The GBP/USD took advantage of the relief rally on Friday to push back above 1.5500 and on to 1.5570 with the traders quick to change their mood on the Cable lately. EUR/GBP pushed to fresh multi year lows under 0.7900 and is… Read more

The Sterling (GBP) the GBP/USD broke 1.5450 overnight and closed under the figure but the follow-through selling was mild and we are sitting just under the key support as we enter European trade on Friday. Some support is being seen from EUR/GBP selling but the… Read more

The Sterling (GBP) the GBP/USD reversed a rally from 1.5570 to 1.5500 after the FOMC minutes threw cold water on QE3 hopes. The lack of EUR/USD support is weighing on the GBP which had been developing some bullish feel in the previous few weeks. A… Read more

The Sterling (GBP) Economic data in the UK was stronger than expected but weak US stocks meant little fresh direction for GBP/USD. EUR/GBP managed to fall below 0.7900 but there was little follow through. Looking ahead, German CPI is forecast at -0.1% in June m/m.

The Sterling (GBP) tracked the EUR/USD higher back above 1.5500 to 1.5530 resistances. Last week’s BOE moves have been priced in but there are still some downside risks. EUR/GBP targets 0.7900 but could bounce if the market changes mood on the EUR/USD. Also ahead, May… Read more

The Sterling (GBP) the USD strength on Friday sent Cable to its final big support at 1.5450. The outlook is for more USD strength unless there is FED easing or the EUR/USD can find support. EUR/GBP is a source of constant support but this cannot… Read more

The Sterling (GBP) the GBP/USD had its own central bank interest rate meeting overnight and the bank did as forecast holding at 0.5% and increased the Asset purchase program to 375bn vs. 325bn previously to help liquidity and lending in the UK banking sector. GBP/USD… Read more