GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD broke above 1.6000 once again and this time closed above the key level with the UK manufacturing survey avoiding the Eurozone slowdown to print a 52.1 vs. 51.6 previously. Looking ahead, February PPI forecast at 0.5% vs. 0.7% m/m. March… Read more

The Sterling (GBP) the GBP/USD broke 1.6000 in a bullish move going into European trade on Friday but failed to hold the level into the weekend as profit taking and USD strength dragged the major lower. GBP/JPY stuck between Y130 and Y133 and looking to… Read more

The Sterling (GBP) the resilient pound brushed off the risk aversion and is looking to rally and test 1.6000 today. UK data has been mixed with FEB mortgage approvals dropping to 49k vs. 57.9k previously. Crosses though remain supportive with EUR/GBP back under 0.8350. Looking… Read more

The Sterling (GBP) the main reason for underperformance in the GBP/USD overnight was the shock revision low of Q4 GDP down -0.3% vs. -0.2%. This dropped the y/y GDP to 0.5% and adds to the case further QE may be warranted at next week’s BOE… Read more

The Sterling (GBP) strong Retail data allowed a test of 1.6000 in Europe but the market failed to break and we saw a pull back into the US session. The Pound is still the strongest risk currency in the market recently and GBP/AUD buying last… Read more

The Sterling (GBP) the GBP/USD broke back above 1.5900 retested the 1.5975 year highs. The 1.6000 key big figure is within striking distance and should be tested in the next 24 hours in the absence of fresh negative news. Looking ahead, UK March CBI distributive… Read more

The Sterling (GBP) weak Retail sales in February at -0.4% vs. 0.8% forecast put a dampener from the start of the European session with GBP/USD falling sharply under 1.5800. GBP/JPY has fallen from Y133 to Y130 in the last 48 hours. The uptrend is still… Read more

The Sterling (GBP) the GBP/USD reversed in Europe as well after a surprise 7-2 MPC vote with two members wanting even more QE at the last meeting. The EUR/GBP was unaffected and demonstrated the resilience of the Pound in recent sessions and GBP/AUD extended gains… Read more

The Sterling (GBP) the GBP/USD remains stable and supported but was unable to break above the 1.5900 and the EUR/GBP grinded higher above 0.8350. The GBP/AUD break above the major 1.5000 level saw a sharp move to 1.5150 and has heaps of space to move… Read more

The Sterling (GBP) the GBP/USD tested 1.5900 but fell back in the US session as EUR/GBP rebounded off the 0.8300 level and is threatening 0.8350 resistance ahead of key CPI data today from the UK. Looking ahead, February CPI forecast at 0.5% vs. -0.5% previously…. Read more