GBP Trading Outlook Archive

The Sterling (GBP) rallied in the US session as EUR/GBP selling supported. The BOE also meet tonight but this is likely to be a nonevent holding at 0.5% and no new announcements are expected. Traders will be watching the ECB meeting closely and will likely… Read more

The Sterling (GBP) underperformed the Euro as the market bought EUR/GBP which had been under pressure recently. The GBP/USD is struggling above 1.5600 but is very quiet as are most of the markets ahead of the EU summit and ECB/BOE meetings on Thursday. Halifax HPI… Read more

The Sterling (GBP) did well rallying with the Euro early in the day and then not falling aggressively with the S&P news as the EUR/GBP fell instead. EUR/GBP is looking to test lower towards the key 0.8500 support as the debt crisis hurts the Euro… Read more

The Sterling (GBP) GBP/USD struggled more than most falling back to below 1.5600 by the end of the close on concern the BOE may increase the asset purchase program at this week’s rate meeting and the USD strength post NFP on Friday. Looking ahead, November… Read more

The Sterling (GBP) was lesser poised then other majors, as UK Manufacturing PMI eased from 47.8 to 47.6 in November. The Pound had rallied from 1.5640 to levels above 1.5750 before falling back below the 1.5700 to end the trading day.

The Sterling (GBP) with little development in the domestic front, the GBP also rallied against the USD, moving from lows of 1.5525 to 1.5780.

The British pound rallied to 1.5655 from 1.5469 against the greenback supported by a heightened risk appetite. Data from the UK also supported the sterling after Housing Prices in November showed higher than expected figures. Later the pair surrendered its gains top trade as low… Read more

The British pound plummeted to 1.5422 from 1.5518 against the greenback on Friday after a speech by the Bank of England Martin Weale. He emphasized on the risk of the UK falling back into recession and said that the central bank is ready to inject… Read more

The Sterling (GBP) also weakened against the USD tracking negative sentiment across all markets. In domestic news, the BoE minutes showed a unanimous 9-0 vote to keep rates at 0.5%, whilst continuing with an additional GBP 75 Billion in asset purchases. The Sterling pound fell… Read more

The Sterling (GBP) was also restricted from maintaining any of its early gains post IMF news, following Dexia rescue plan collapse fears. The GBP had recorded highs near 1.5692 before easing to 1.5580