GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD roared back to life with the buyers given the green light to push the major back above 1.5950. The 1.6000 is now the target and although we traded above the level only a few weeks ago we failed to hold… Read more

The Sterling (GBP) struggled to take advantage of the EUR/USD short squeeze with the EUR/GBP also moving higher which capped the major’s gains. The Outlook is for more range trading and potential downside if the situation in Spain deteriorates rapidly. Looking ahead, German April ZEW… Read more

The Sterling (GBP) the GBP/USD was not immune to the safe haven flows of USD buying and we saw a move to 1.5850. EUR/GBP has broken 0.8230 and is grinding to 0.8200 taking advantage of the Euro weakness to make a push at the critical… Read more

The Japanese Yen (JPY) the USD/JPY edged slightly higher and then spiked higher in Early Asia on reports that North Korea had launched a missile. The missile failure and then the China GDP miss sent the crosses sharply lower dragging the major back under Y81.

The Sterling (GBP) the relief rally played out on the GBP/USD by consolidating above 1.5900. We are very close to 1.6000 and recent 2012 highs so this is causing buyers hesitation. GBP/JPY is slipping but EUR/GBP is pressuring the 0.8240 level and could break at… Read more

The Sterling (GBP) the GBP/USD fell back but found support in the lower 1.5800 region before reversing back with the support seen on the EUR/USD. The outlook is mixed but if EUR/GBP can break 0.8200 and move to the historical support at 0.8000 then the… Read more

The Sterling (GBP) GBP/USD grinded back above 1.5900 and is showing strength on GBP/JPY and EUR/GBP. The outlook is mixed with a EUR/USD slump likely to drag the GBP/USD lower while the upside is linked to risk appetite and the US/global recovery.Looking ahead, February Trade… Read more

The Sterling (GBP) ignored most of the post jobs movement falling against the GBP/JPY but gaining against most other currencies with solid support for the GBP/USD lately. Looking ahead, Most of Europe Closed for Easter Holiday.

The Sterling (GBP) the GBP/USD fell back for a second day in Europe but then took advantage of the EUR/GBP weakness to gain back its losses on Cable. The GBP/USD was the strongest currency in the market only two days ago as it recent government… Read more

The Sterling (GBP) disappointed the buyers who had bought above 1.6000 with the strong USD reversing the Pound back to 1.5900 and we could pull back further if the USD strength persists into the European session today. With the fresh high in place buyers will… Read more