GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD was also in consolidation mode stick to a 50 pip range supported at the 1.5850 level as well and will be looking to fresh inspiration from the Greece and the US data tonight. The EUR/GBP is pivoting the 0.8300 level… Read more

The Sterling (GBP) the GBP/USD broke easily above 1.5800 as the remarkable rally continued. The market has been up daily for nearly two weeks and has decoupled with the Euro. EUR/GBP is close to testing the lows near 0.8250 and a break would suggest the… Read more

The Sterling (GBP) bucked the trend of the other majors able to rally sharply and take advantage of the Euro weakness. December UK Mortgage approvals gained to 52.9k vs. 52.6k previously but are still at very low levels historically. The GBP/USD tested 1.5800 and EUR/GBP… Read more

The Sterling (GBP) GBP/USD outperformed the Euro and most pairs overnight with EUR/GBP providing support and the Cable pivoting the 1.5700 level. The outlook is mixed but if the Euro rallies than the next leg higher may see a 1.6000 test. Looking ahead, December Credit… Read more

The Sterling (GBP) the GBP/USD rallied towards 1.5700 and closed above the figure. Gains have not matched the Euro which is gaining ground and testing 0.8400 on the EUR/GBP cross. Cable traders are looking forward to the MPC rate meeting next week with some expectations… Read more

The Sterling (GBP) Cable enjoyed new highs above 1.5700 but came under pressure after weaker than expected December CBI Retail Sales data showed a slump to -22 vs. +6 in previously. The weakness in the consumer outlook is making the UK recovery outlook more uncertain… Read more

The Sterling (GBP) the GBP/USD was able to reverse some losses in Europe to gain against the USD to fresh month highs above 1.5650. The EUR/GBP however continued to rally as the Euro recovery outpaced the Pound. Some are concerned the BOE could expand the… Read more

The Sterling (GBP) Dipped with the EUR/USD going into the European session but was well supported and tested 1.5600 at the end of the US session. BOE Governor King talked up the prospect of more QE at the next BOE meeting to help the recovery…. Read more

The Sterling (GBP) Cable move to 1.5600 but failed to break above with EUR/GBP buying capping the Cable gains. The outlook is bullish short term but as always we looking to development in the Eurozone for sentiment. Some are looking for the BOE to increase… Read more

The Sterling (GBP) the GBP/USD broke and closed above the 1.5500 level with EUR/GBP selling allowing the major to break its normal correlation with the Euro. December Retail Sales gained 0.6% as forecast m/m. Traders will be looking to the Greece news for whether the… Read more