GBP Trading Outlook Archive

The Sterling (GBP) fell in the US session but at a slower pace than the Euro which pushed EUR/GBP to fresh lows near 08300. The outlook on the cross is still bearish and threatens to slip back further towards 0.8000. EUR/GBP has spent most of… Read more

The Sterling (GBP) outperformed in a very positive trading session breaking to test 1.5700 before consolidating at 1.5660. EUR/GBP fell even further and was an example of how strong the Pound move was given the positive Euro news. December CBI Distributive Trades surged to 9… Read more

The Sterling (GBP) like the Euro the GBP/USD was very contained with risk aversion in Asia reversed in Europe. EUR/GPB is pivoting the 0.8400 waiting for the next headline out of the Eurozone. December House Prices dropped -2.7% m/m. Looking ahead, December Distributive Trades forecast… Read more

The Sterling (GBP) kept to a 50 pip trading range for a very stable trading day. EUR/GBP selling is continuing to support with the important cross now broken out of multi month range to the downside. GBP/USD will track the EUR/USD broadly however and the… Read more

The Sterling (GBP) GBP/USD broke back above 1.5000 as sentiment improved in the European session. Economic data was weak with November Retail Sales falling -0.4% vs. 1.0% previously. Also CBI Industrial Orders slipped to -23 vs. -19 previously. EUR/GBP broke below 0.8400 and is stable… Read more

The Sterling (GBP) the GBP/USD finished unchanged in light trade with EUR/GBP selling supporting. Cable found support at 1.5400 and the market is sitting just under 1.5500. The outlook is still negative with recent economic data disappointing. November Claimant Count came in lower than expected… Read more

The Sterling (GBP) fell but was better supported than the Euro with traders selling EUR/GBP down to 0.8400. The Major broke 1.5500 but the losses were contained. November CPI came in at forecasts 4.8%y/y down slightly from 5.0% previously. Looking ahead, November Claimant Count forecast… Read more

The Sterling (GBP) was able to hold up better than most with the EUR/GBP cross breaking below the key 0.8500 level. The GBP/USD held at 1.5550 and bounced back to close at 1.5600. The outlook is linked with the Euro and if the crisis deepens… Read more

The Sterling (GBP) GBP/USD struggled on Friday with the negative fallout from the EU summit in which the UK PM refused to sign up to new reforms. Traders are concerned this could lead to the UK being left out of future negotiations and possible distancing… Read more

The Sterling (GBP) the BOE held at 0.5% as widely expected and the GBP/USD flowed the Euro higher and then lower after the Draghi disappointment. EUR/GBP tested 0.8500 briefly at the height of the EUR/USD weakness but this level held and we saw a small… Read more