GBP Trading Outlook Archive

The Sterling Pound (GBP) was indifferent in Friday trading, managing to rally against the USD in a late session sentiment shift, yet any further advance was limited as the EURGBP cross managed break to the upside, trading at 0.8060. The Cable (GBP/USD) managed to reverse… Read more

The British Pound (GBP) continues to decline against the dollar falling to 1.5732 from 1.5920 following the Bank of England inflation report released on Wednesday. The report left the possibility open for another round of quantitative easing while emphasizing on the increasing risk the UK… Read more

The Sterling (GBP) the GBP/USD was the weakest major overnight as the Bank of England Inflation report suggested more QE was very possible going forward. Support was found at 1.5900 and we spent the rest of the day grinding higher. Looking ahead, BOE Member Wealer… Read more

The Sterling (GBP) ignored a lot of the EUR/USD selling as the cross broke 0.8000 but the topside was limited while stocks are so weak. The recent Pound rally has surprised some fundamental analysts but the UK is looking the best of the worst lately… Read more

The Sterling (GBP) the GBP/USD was not immune to the risk off trade falling back under the 1.6100 handle with the EUR/GBP failing to break 0.8000 and the market playing catch up by selling on the risk sensitive Cable. GBP/JPY is struggling and could break… Read more

The Sterling (GBP) the BOE meeting was a non-event with rates kept at 0.5% and the QE left unchanged. The GBP/USD struggled with the bulls and bears in a fierce fight but the EUR/USD downside is likely to pull the Cable lower as EUR/GBP has… Read more

The Sterling (GBP) the GBP/USD fell through 1.6100 in Europe but rebounded at the first sign of stabilization with the buyers still in control given the Euro situation. The EUR/GBP nearly broke 0.8000 at the height of Greek and Spanish banking concerns but so far… Read more

The Sterling (GBP) The GBP/USD was sold down to the 1.6125 on the risk aversion but EUR/GBP selling is supporting and the downside is seen as limited compared to other risk sensitive majors. Looking ahead, March Trade Balance forecast 13.5bn vs. 13.6bn previously.

The Sterling (GBP) the GBP/USD was stronger than most even throughout the stock plunge on Friday and was able to retest 1.6200. The EUR/GBP is hovering near 0.8060 and is in striking distance of the 0.8000 in coming sessions if more Euro negativity enters the… Read more

The Sterling (GBP) the GBP/USD was not immune to the EUR/USD selling but was supported as the EUR/GBP slumped. The EUR/GBP is below 0.8100 and is going towards 0.8100. Looking ahead, March German Industrials Orders forecast at 0.5% vs. 0.3% previously.