GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD fell below 1.5600 as its own risk event weighed with the BOE rate announcement today and expected to result in some form of easing for the UK economy. The EUR/GBP has been very stable in a 0.8000-0.8050 range. Also ahead,… Read more

The Sterling (GBP) the GBP/USD was even more stable than the EUR/USD with 1.5700 containing a few attempts higher. The BOE meeting is expected to result in an increase in the Asset Purchase Program by 50bn. UK PMI was lower than expected at 48.2 vs…. Read more

The Sterling (GBP) was barely affected by the EUR/USD selling instead taking advantage on the EUR/GBP to once again test the key 0.8000 level support. The market has ended near 1.5720 highs even though the market is pricing in more QE from the BOE on… Read more

The Sterling (GBP) Cable moved to 1.5700 in line with the stock market moves but lagged behind the EUR/USD with the EUR/GBP recovering some of its recent losses. EUR/GBP moved from below 0.8000 to 0.8080 and could move even higher as the Bank of England… Read more

The Sterling (GBP) the GBP/USD came under pressure from the crosses overnight and fell to 1.5550 with talk in the market the BOE may expand the Asset purchase program next week at the central bank meeting. A small rally so far has seen Cable test… Read more

The Sterling (GBP) the rebound in stocks let the GBP/USD recover to 1.5650 and was one of the better performers on the day. The EUR/GBP was a big mover breaking the 0.8000 level and could be poised for a fresh down move as the Eurozone… Read more

The Sterling (GBP) the GBP/USD was more stable than most majors with a tight 50 pip range 1.5540-90 containing Monday’s price action. The EUR/GBP once again was on the downside grinding towards the 0.8000 level and helping to support the major from larger losses. Looking… Read more

The Sterling (GBP) good EUR/GBP selling once again saved the GBP/USD from part of the large falls overnight but we did pull back from day highs at 1.5725 to below 1.5600 in the US session. Strong UK May Retail sales at 1.4% vs. 1.0% helped… Read more

The British pound (GBP) had a very volatile session versus the US dollar, opening at 1.5720, recording a daily high at 1.5777 and a daily low at 1.5650, before it closed at 1.5705. This was on the back of the minutes revealed from the last… Read more

The Sterling (GBP) A drop in UK CPI hurt the GBP/USD and meant most of the risk rally was missed. Resistance was seen at 1.5600 and we need to get sustained good news to help the GBP/USD resume its uptrend. EUR/GBP rallied towards 0.8080 with… Read more