GBP Trading Outlook Archive

The Sterling (GBP) kicked above 1.5700 shrugging of the negative outlook to its rating from Fitch. The EUR/GBP is holding above 0.8300 comfortably and the market seems content to trade the range for now 0.8300-0.8400. Looking ahead, January Trade Balance previously at 9.7bn

The Sterling (GBP) kicked above 1.5700 shrugging of the negative outlook to its rating from Fitch. The EUR/GBP is holding above 0.8300 comfortably and the market seems content to trade the range for now 0.8300-0.8400. Looking ahead, January Trade Balance previously at 9.7bn

The Sterling (GBP) the 1.5650 level held on GBP/USD and this helped the crosses gain against the Euro and the AUD. The GBP/AUD is starting to reverse after hitting all-time lows at 1.4500 with the market testing 1.5000 overnight. Other news for the Pound was… Read more

The Sterling (GBP) a weak performance overnight as the major tested 1.5600 and failed to track the Euro rebound and suffered on the Crosses. GBP/JPY is a safer way of buying the Pound with Yen weakness countering the recent Cable selloff. Looking ahead, March German… Read more

The Sterling (GBP) the GBP/USD tracked the Euro lower with buyers losing faith in the recent rally and instead now searching for support as we approach 1.5650. The outlook depend on whether this recent run of USD strength is a blip or start of something… Read more

The Sterling (GBP) the GBP/USD rallied but at a slower pace than most majors with EUR/GBP buying weighing on the Pound. The BOE held rates at 0.5% and kept Asset Purchase Program at 325bn as widely expected. The outlook will depend on the stock market… Read more

The Sterling (GBP) the GBP/USD moved higher but only gently with the BOE today with also an announcement on the currency Asset purchase program. The EUR/GBP is still very quiet at 0.8350 and the GBP/AUD recent rally against the struggling Aussie failed ahead of 1.5000…. Read more

The Sterling (GBP) fell in sympathy with the Euro with the EUR/GBP cross remaining dead flat suggesting traders happy to let the Euro lead up to the major event risk tomorrow. Halifax House Prices fell -0.5% in February for a -1.9% annual race. Looking ahead,… Read more

The Sterling (GBP) dipped into European session but was supported under 1.5800 on two attempts before rallying above 1.58500. The EUR/GBP has been under pressure and the GBP buying through this cross has been a constant source of support in last week. The market is… Read more

The Sterling (GBP) even the resurgent GBP/USD could not avoid the selloff seen across most markets on Friday with the topside attempts abandoned and we saw a pullback to 1.5850. Most still look for a 1.6000 attempt but the EUR/USD is struggling in last two… Read more