GBP Trading Outlook Archive

The Sterling (GBP) Cable Gyrated around the 1.6000 level on Friday with post NFP selling pushing the major to 1.5960 supports before buyers came back to close at 1.6040. EUR/GBP selling is providing plenty of support as the GBP now looks the more attractive option… Read more

The Sterling (GBP) the market reversed higher with the EUR/USD as the dollar was sold and Cable reclaimed 1.6000. UK Services PMI dropped sharply to 51.3 vs. 52.9 as activity slipped. The outlook is looking more positive on recent developments in the EU although Italy… Read more

The Sterling (GBP) volatility continued with GBP/USD reclaiming 1.6000 in Europe before easing into the US session as EUR/GBP buying depressed the Cable. The post Merkal/Sarkozy meeting saw further sharp selling under the 1.5900 level. Looking ahead, BOE Governor King Speaks.

The Sterling (GBP) risk aversion mounted and the GBP/USD crashed below 1.6000 unable to react to better than expected Q3 GDP at 0.5% Q/Q. The October Manufacturing plummeted to 47.4 through and this led to heavy selling on cable back to 1.5900. Looking ahead, October… Read more

The Sterling (GBP) performed better than most other risk assets as EUR/GBP selling supported GBP/USD. GBP/USD still tested 1.6000 in Europe before rallying in the US session back to opening levels above 1.6100. Looking ahead, Q3 GDP forecast at 0.4% vs. 0.1% previously. October Manufacturing… Read more

The Sterling (GBP) consolidated with the rest of the markets around the 1.6100 level on Cable and 0.8800 on the EUR/GBP. The outlook is bullish technically but as always will follow the sentiment from day to day which has been fickle in recent months. Looking… Read more

The Sterling (GBP) underperformed against the USD and on the crosses with traders wary at buying the beleaguered pound while they can express risk through the Euro or the AUD. EUR/GBP suffered a sharp move high and GBP/USD struggled above 1.6000 although it did close… Read more

The Sterling (GBP) was up and down with the changing sentiment finishing above 1.6000 as the bailout package was announced and threatening to break above the 1.6040 highs. EUR/GBP buying is suppressing the Cable but if 1.6040 is broken then a sharp rally could ensue…. Read more

The Sterling (GBP) the GBP/USD remained pivoted at the 1.6000 level failing to move far from the level even as risk aversion picked up in the US session. EUR/GBP remained steady as well but is grinding lower under 0.8700. Q2 Current account came in at… Read more

The Sterling (GBP) the GBP/USD tested 1.6000 for most of the US session consolidating just under the big figure. EUR/GBP remained steady with the two majors moving in lock step. The outlook is largely linked to the Euro still and most traders are sidelined ahead… Read more