GBP Trading Outlook Archive

The Sterling (GBP) was still recovering from the shock increase in the BOE asset purchase program at Thursday&rsquo s meeting. The GBP/USD rallied with the strong US data but gave up all these gain into the close as the EUR/USD selling weighed.

The Sterling (GBP) the Pound struggled to fully take advantage of the positive mood in the market after failing to break 1.5500. Hurting sentiment was the downgrade of Q2 GDP to 0.1% from 0.2% Q/Q originally. Looking ahead, Bank of England Rate meeting expected to… Read more

The Sterling (GBP) the GBP/USD was inspired from the bigger EUR/USD moves down in Europe before staging a solid rally into the close with stocks. EUR/GBP rallied for the first time in 4 days on the positive European banking capital news and could bounce further… Read more

The Sterling (GBP) was heavy as USD strength spread throughout the markets. The losses were contained however with a move below 1.5500 found support 1.5450. EUR/GBP continues to plummet falling to 0.8550 and is providing a minor support. GBP/JPY found support at Y118. Septembers Manufacturing… Read more

The Sterling (GBP) fell back below 1.5600 as the selling in stocks put downward pressure on the GBP but the EUR/GBP selling helped keep GBP/USD limited. Support at 1.5550 has held so far but further negative news could cause a break and test of 1.5500… Read more

The Sterling (GBP) tested above 1.5700 before reversing later in the day back to more familiar levels at 1.5600. The outlook is mixed with the chance of BOE expanding QE in the UK hurting whilst EUR/GBP selling is supporting.

The Sterling (GBP) came under heavy selling pressure with the Euro keeping in lock step with EUR/GBP in a tight range. The selling pushed GBP/USD through 1.5600 before stabilizing into the close. The EU Troika inspectors are in Athens to review whether Greece receives the… Read more

The Sterling (GBP) with little data the Pound took its cue from the Eurozone news and rallied in sympathy back above 1.5700 on the major. The outlook is largely determined by day to day risk sentiment so watching stock market indexes is key to catch… Read more

The Sterling (GBP) also did well to rebound throughout Monday, taking direction from a boost in confidence surrounding the Euro debt crisis, moving from lows near 1.5432 to a high of 1.5571 seen in New York trade

The Sterling (GBP) wasquite volatile throughout Friday, eventually ending the day higher on general equity market rally. The GBP had traded with lows of 1.5375 and a high of 1.5495