GBP Trading Outlook Archive

The Sterling (GBP) we saw severe selling on Friday after the May UK PMI dropped to 45.9 vs. 50.2 previously. The GBP/USD found support at 1.5300 and managed to recover as the USD was sold post NFP on Friday. Chances are now increasing in the… Read more

The Sterling (GBP) the selling continued overnight with GBP/JPY continuing to crash down towards Y120 in risk off trade. The GBP/USD broke under 1.5400 and the GBP was sold faster than even the beleaguered Euro with EUR/GBP climbing back above 0.8000. Looking ahead, May UK… Read more

The Sterling (GBP) the heavy selling on the EUR/USD transferred over to the GBP/USD which also fell heavily down below 1.5500 and looking weak technically. The EUR/GBP is remaining near the 0.8000 level with the big figure acting like a magnet in recent trading sessions…. Read more

The Sterling (GBP) the risk off mood led to Pound selling as well with the cable moving from 1.5700 down to lower 1.5600 levels in the US session. The outlook is for further losses but EUR/GBP selling is supporting. May CBI Trade data was strong… Read more

The Sterling (GBP) the GBP/USD was mixed opening up strong and testing above 1.5700 but the risk off environment in thin trade later in the US was enough to drag it back towards 1.5680. Looking ahead, May German Core CPI forecast at -0.1% vs. 0.2%… Read more

The Sterling (GBP) the GBP/USD found support at 1.5650 but is struggling to bounce off the Greece news as EUR/GBP is rebounding as well. The market is oversold on the short term and we could see a move back to 1.5800 if the sentiment improves…. Read more

The Sterling Pound (GBP) second release of Q1 GDP for the UK saw a revision lower to -0.2%, managed to weigh on the Pound. The Sterling Pound recorded a 2 month low at 1.5640

The Sterling Pound (GBP) was further compounded as a weak UK Retail Sales number (-2.3%) added to risk selling pushing the GBPUSD cross down. The Sterling Pound traded at fresh 3 month lows of 1.5667.

The Sterling Pound (GBP) slid despite CPI numbers coming in on expectations. Although the EURGBP cross managed to trade above the 0.8100 figure, the Sterling Pound was largely reflective of a weaker Euro, and a rampant greenback, pushing the GBPUSD lower from levels near 1.5850… Read more

The Sterling Pound (GBP) was also subject to contained moves, as focus shifted to a slate of domestic data in the later part of the week, led by Tuesday’s CPI release. The Sterling Pound traded either side of 1.5810 throughout much of the day. The… Read more