GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD surged above 1.5800 with the Euro led market turnaround late in the European session. The GBP/USD now looking to recent highs above 1.5900 as the bulls target short term.

The Sterling (GBP) was weak but only fell gently over the day as the Pound found support through the EUR/GBP cross which came back to life moving sharply back to 0.8300. GBP/USD is falling to 1.5650 support and bears are targeting 1.5500 in coming sessions.

The Sterling (GBP) was on the back foot all day as the Moody’s negative watch on the cherished AAA rating of the UK reminded investors that the European crisis affects its close neighbor. Support is seen at 1.5600 and 1.55000 if the selloff continues.

The Sterling (GBP) the Moody warning added to the technical failure overnight and sent the GBP/USD back below 1.5700 at the time on writing with the focus back on the downside. The failure of the EUR/USD and the GBP/USD to break key resistances in the… Read more

The Sterling (GBP) was heavy on Friday pulling sharply back to Monday lows at 1.5730 before once again finding support. So far on Monday cable is nearly back to 1.5800. Resistance above 1.5900 proved too much for cable last week which moved sharply higher in… Read more

The Sterling (GBP) range traded above the 1.5800 hitting day highs in Europe with the BOE holding rates at 0.5% and increasing the asset purchase program to 325bn to help improve ‘weak near-term growth’.

The Sterling (GBP) saw some heavy selling come through on the GBP/USD due to profit taking ahead of the BOE rate meeting today. Most expect the BOE to increase the Asset Purchase program by 50bn and if the statement is bearish we could see more… Read more

The Sterling (GBP) moved up against the USD but lost ground against the Euro which moved higher on the positive Greece developments. GBP/USD is above 1.5900 and could easily test 1.6000 in coming sessions. Australian Dollar (AUD)

The Sterling (GBP) Cable was bought aggressively on a pullback to 1.5730 to close back above 1.5800. The market expects the BOE to increase the Asset purchase program by 50bn at Thursday’s meeting. EUR/GBP is moving towards the 0.8250 support and a break could lead… Read more

The Sterling (GBP) the GBP/USD eased slightly as the USD remained stable post jobs number and the Euro fell. The EUR/GBP did continue to test support under 0.8300 however and we are looking to the BOE rate announcement this week for further information about the… Read more