GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD fell below 1.6200 in risk off trade. Weak economic data did not help with April Construction PMI falling to 55.8 vs. 56.7 previously. GBP/JPY fell below Y130 and is continuing to challenge the bullish outlook for the major. EUR/GBP is… Read more

The Sterling (GBP) The GBP/USD reacted to the USD buying with a brief test under 1.6200 but has been very resilient lately and quickly returned to the upside bias. The EUR/GBP is getting attention as a quiet range trading option. Many traders are looking to… Read more

The Sterling (GBP) the GBP/USD tested 1.6300 before reversing on profit taking down to 1.6220 as the recent rally ran out of steam. Such pullbacks help a rally technically as overbought signals are reduced and allow buyers to get in at cheaper levels. Looking ahead,… Read more

The Sterling (GBP) the GBP/USD surged higher towards 1.6300 in the US session with another week of gains adding to the uptrend technically. The EUR/GBP is easing towards 0.8100 at a slow but steady pace. Also ahead, March EU Retail Prices forecast at 0.5% vs…. Read more

The Sterling (GBP) the GBP/USD was contained but very strong just under 1.6200. April CBI Distributive Trades were weaker than expected at -6 vs. -4 previously. The EUR/GBP fell to 0.8150 support after the Spanish downgrade but has not broken through the support. Also ahead,… Read more

The Sterling (GBP) fresh GBP/USD buying saw 1.6180 tested a few more times with the level yet to break but most seeing more gains as the uptrend continues. The EUR/GBP is struggling to make fresh lows as the EUR/USD plays catch up but we shall… Read more

The Sterling (GBP) the GBP/USD continued to be the strongest risk currency in the market hardly pulling back at all and saw the pair close above 1.6100 and at new highs against the Euro. The market is looking to press higher with GBP/JPY buying quite… Read more

The Sterling (GBP) the GBP/USD rally extended on Friday kicking above 1.6100 and opens up 1.6500 this week with many seeing the downside over and all the GBP crosses moving technically higher. GBP/AUD moved above 1.5500. The EUR/GBP remained offered and closed under 0.8200 and… Read more

The Sterling (GBP) the GBP/USD consolidated the move above 1.6000 and this is good technically for the bulls hoping to push higher still. A close this week above the level will help the GBP/USD rally toward 1.6200 in the short term. Looking ahead, April German… Read more

The Sterling (GBP) the main mover in the markets Wednesday as we saw GBP/USD break above 1.6000 after the MPC minutes showed those members looking to increase the UK Asset Purchase program (printing money) had decreased to only 1 in the April MPC Meeting. EUR/GBP… Read more