GBP Trading Outlook Archive

The Sterling (GBP) GBP/USD rallied sharply with stocks breaking above 1.5900 and threatening to test 1.6000 in coming sessions if the uptrend can continue. EUR/GBP selling added to the Pound support but the next direction is completely dependent on the EU Summit. Looking ahead, MPC… Read more

The Sterling (GBP) September Retail sales jumped 0.6% vs. 0.0% forecast in a positive release but the market was in no mood to buy GBP/USD aggressively in the European session and continued to trade in a 1.5700-5800 range. Looking ahead, September Public Debt forecast at… Read more

The Sterling (GBP) the MPC minutes came in at 9-0 voting for the expansion of the QE program at October&rsquo s meeting. The market was less keen to sell the GBP though and we saw EUR/GBP edging lower for most of the day. GBP/USD broke… Read more

The Sterling (GBP) September CPI came in hot at 5.2% vs. 4.9% previously. The potential for the Bank of England to raise rates to counter inflation is limited because of the weakness in the UK recovery. The GBP/USD rallied late in the US session with… Read more

The Sterling (GBP) hit day highs in Europe at 1.5850 before reversing with the rest of the market on the German comments. The EUR/GBP fell from 0.8770 to 0.8725 as the Euro selling outpaced the Pound. GBP/USD support is seen under 1.5700 with the recent… Read more

The Sterling (GBP) the uptrend continued but the GBP underperformed most currencies with EUR/GBP edging higher and GBP/USD struggling to make headway above the 1.5800 level. The Outlook is mixed with trader choosing safer currencies to express risk and the UK QE expansion still fresh… Read more

The Sterling (GBP) the GBP/USD was down then up with the general market moves. August Trade Balance improved to 7.7bn vs. 8.2bn previously. The EUR/GBP has found resistance towards 0.8800 and is easing back below .08750 in gentle selling. The recent cable rally is reaching… Read more

The Sterling (GBP) some weak economic data was ignored overnight with the major rally in stocks and the ECB allowing the GBP/USD to move higher. The September Unemployment rate gained to 8.1% vs. 7.9% previously. Looking ahead, August Trade Balance forecast at -8.8bn vs. -8.9bn… Read more

The Sterling (GBP) underperformed with sentiment towards the Pound still weak after last week&rsquo s shock increase in QE. The Cable was under constant pressure falling back to 1.5600 and EUR/GBP buying pushed the important cross to 0.8750. Looking ahead, September Claimant Count forecast at… Read more

The Sterling (GBP) was caught up in the frenzy stock market led rally gaining from 1.5500 to test 1.5700 in the US session but underperformed relative to the Euro and this allowed the EUR/GBP to move back above 0.8700. The GBP/JPY has reclaimed the key… Read more