GBP Trading Outlook Archive

The Sterling (GBP) was on the backfoot as the EUR/USD losses mounted but the GBD/USD stood up well supported by fresh EUR/GBP selling. EUR/GBP closed just above 0.8000 and a break below may see the cross trade towards 0.7800. The market has been selling for… Read more

The Sterling (GBP) GBP/USD is strong above 1.5700 as the relief rally begins to get legs and the market plays catch up for the GBP/USD. The recent move from 1.6200 to 1.5300 means the topside is still significant if the EU debt crisis can be… Read more

The Sterling (GBP) the GBP/USD was under mild pressure for most of the day as GBP selling came through on the EUR/GBP cross. The market is still in a wait and see mode as we approach so many risk events on the weekend. Range trading… Read more

The Sterling (GBP) weak economic data delayed the GBP/USD rally in Europe but once the market got above 1.5520 we saw quick gains to 1.5580. EUR/GBP is pressing down towards 0.8000 once again and this could be a major level in play in coming days…. Read more

The Sterling (GBP) the GBP/USD followed the EUR/USD lower but was able to make headway on the EUR/GBP which fell sharply to 0.8050. The outlook is not good for the cable with market already selling on rallies and the proximity of the EU means any… Read more

The Sterling (GBP) the GBP/USD is soaring with the rest of the market on Monday playing catch-up with other majors as traders have been cautious going long after so much selling in recent weeks. The EUR/GBP is hampering gains with the important cross moving to… Read more

The Sterling (GBP) the BOE held as forecast and didn’t expand their QE program so the GBP/USD rallied on the back of China rate cut news to above 1.5600 before reversing with the Euro lower later in the day. Traders are cautious getting long at… Read more

The Sterling (GBP) the return of UK traders after two days of holidays saw the GBP/USD play catch up with a sharp rally to 1.5500 at the start of the European trade before consolidating as the EUR/USD struggled to match over risk asset rallies. The… Read more

The Sterling (GBP) UK banks are closed for the 4 day Jubilee celebrations so the GBP/USD was relatively quiet and has not yet broken its downtrend channel to join in with the other majors in a rally. The GBP/USD closed at 1.5400 and would be… Read more

The Sterling (GBP) UK banks are closed for the 4 day Jubilee celebrations so the GBP/USD was relatively quiet and has not yet broken its downtrend channel to join in with the other majors in a rally. The GBP/USD closed at 1.5400 and would be… Read more