GBP Trading Outlook Archive

The Sterling (GBP) PMI data was better than expected but the heavy EUR/USD selling sent the GBP/USD back to 1.5500. December PMI services improved to 54 vs. 52 forecast. The outlook is linked to the USD strength and Euro and will struggle to hold gains… Read more

The Sterling (GBP) fell in sympathy with the Euro but only a small amount and found support at 1.5600. EUR/GBP broke below 0.8300 in new cycle lows. Data was decent with UK Mortgage approvals at 53k and Construction PMI ticking up to 53.2 vs. 52.3… Read more

The Sterling (GBP) moved higher in line with most other pairs and remained well supported against the Euro testing 0.8330 supports. GBP/USD is near 1.5700 and a break above would open up a move to 1.6000. UK PMI manufacturing jumped 49.6 vs. 47.6 and help… Read more

The Sterling (GBP) a rally above 1.5500 on Friday was consolidated on Monday in thin trading with the UK markets closed. The Outlook is not mixed with the EUR/GBP having completed large moves lower and the Eurozone debt crisis no longer creating panic selling. If… Read more

The Sterling (GBP) failed to bounce with the rest of the majors and instead remained at the 1.5400 level while crosses lost ground. EUR/GBP move back to 0.8400 with traders suggesting year end flows are particular heavy on GBP sales. The outlook is negative while… Read more

The Sterling (GBP) was dragged aggressively lower with stocks/Euro falling below 1.5600 and then 1.5500 in the US session. The outlook is negative while the Eurozone debt crisis rolls on. The USD is very strong in recent sessions and without some good news a move… Read more

The Sterling (GBP) saw a sharp rally to 1.5700 going into Europe before paring back to 1.5650 and holding into the close. EUR/GBP finished under 0.8350 and is still trending lower but finding support. Stocks in the UK were closed so outside markets set direction… Read more

The Sterling (GBP) was a little more volatile but still in a tight range as the thin markets resulted in sharp moves in both directions. Support is still seen under 1.5600 and traders will be watching stocks for direction. EUR/GBP is trending lower and is… Read more

The Sterling (GBP) came under pressure in the US session and gave up most of the week’s gains falling from 1.5700 to 1.5600 on the major. Crosses also gave up gains with EUR/GBP bouncing after heavy selling in the past two weeks. Look ahead, Bank… Read more

The Sterling (GBP) rallied in Europe on the back of upgrades to Q3 GDP to 0.6% vs. 0.5% previously. Resistance was found at 1.5770 and reversed back to opening levels near 1.5680. The outlook is mixed but improving as risk aversion dies down. We are… Read more