GBP Trading Outlook Archive

The Sterling (GBP) trade in line with most majors, rebounding of key support level of 1.5740 to levels just shy of 1.5900, before sentiment reversed sharply in late European trading the ensure the GBP ended lower. In local share markets the UK FTSE fell by… Read more

The Sterling (GBP) UK retail sales rose by 0.6% for the month of October, yet failed to prevent the Pound from easing to 1.5740 from levels above 1.5800.

The Sterling (GBP) GBP/USD fell to month lows on weak unemployment and bearish stock markets. Q3 Employment fell -197k vs. +25k in Q2. GBP/USD broke 1.5800 and headed to towards the 1.5700 level. EUR/GBP was stable but could break 0.8500 if the Euro crisis continues…. Read more

The Sterling (GBP) October CPI fell to 5.0% vs. 5.1% forecast and allowed the GBP/USD to ease with the Euro down to a new support at 1.5800. The pound will follow the Euro direction but at a slower pace with EUR/GBP currently falling as the… Read more

The Sterling (GBP) the GBP/USD fell with the rest of the majors back to 1.5900 supports on the rising risk aversion. EUR/GBP was very stable at the 0.8570 level with the two European majors moving in lockstep together. Today CPI data is very important with… Read more

The Sterling (GBP) GBP/USD surged back above 1.6000 as the rally began in Europe and held into a tight range for the rest of the US session above 1.6050. EUR/GBP has been receiving a lot of attention since it broke lower with the Euro weakness… Read more

The Sterling (GBP) traded between 1.5900-1.6000 as the market focused more of the Euro. The EUR/GBP grinded back to 0.8550 after finding support at 0.8500. The BOE held at 0.5% and kept the asset purchase program at 275bn as forecasted. Looking ahead, October PPI output… Read more

The Sterling (GBP) held up for a little while as EUR/GBP selling supported cable but when stock losses mounted the GBP/USD crashed through 1.6000 and headed to 1.5900 in sharp selling. September Trade Balance blew out to -9.8bn vs. 8.6bn previously. Looking ahead, Bank of… Read more

The Sterling (GBP) The GBP/USD grinded higher breaking above 1.6100 as the recovery rally continued. September Industrial output came in at 0.0% vs. 0.1% forecast. The outlook it linked to whether the EU debt crisis can ease and Italian bond yields lower over coming days…. Read more

The Sterling (GBP) Tested 1.6000 on risk aversion early in Europe before reversing on EUR/GBP selling and strong Halifax House Prices which gained 1.2% in October m/m. EUR/GBP broke to fresh lows under 0.8600 finding support at 0.8560. Looking ahead, September Industrial output forecast at… Read more