GBP Trading Outlook Archive

The Sterling (GBP) was also heavily sold on Thursday trading from levels above 1.5500 to lows of 1.5330, as the FTSE fell by 4.7% on ongoing global recession fears. &nbsp

The Sterling (GBP) fell sharply as BoE minutes indicated that an expansion of Quantitative Easing were &ldquo increasingly probable&rdquo added further weight to an already spooked market. Added to Wall Street sell off the GBPUSD pair traded at its lowest level since Jan 10th near… Read more

The Sterling (GBP) traded at its lowest level since the 12 Jan, with a price of 1.5667, as risk aversion was paramount during the European session of trade. &nbsp &nbsp

The Sterling (GBP) traded in a near 100pt range, playing second fiddle to the Euro. The GBP traded with a low of 1.5745 and a high of 1.5842.

The Sterling (GBP) better than expected data and the risk on rally helped the GBP/USD to 1.5860 before easing back to the 1.5800 level to close. The EUR/GBP shot higher to 0.8780 with the single currency enjoyed support from central banks. August Retail sales came… Read more

The Sterling (GBP) the GBP/USD hit day lows going into Europe with French bank downgrades and cautious China comments caused fresh waves of risk aversion. The rebound with European and US stocks looked fragile and unconvincing with the downtrend starting to take control. Looking forward,… Read more

The Sterling (GBP) was under pressure in Europe falling to month lows under 1.5800 before finding support and grinding higher. The outlook is bearish with a crisis in the Eurozone seen hitting its neighbor the hardest going forward. Looking forward, August CPI increased to 4.5%… Read more

The Sterling (GBP) was supported under 1.5800 and closed at opening levels near 1.5850 with most of the action left to the crosses. EUR/GBP slumped to multi month lows under 0.8550 before reversing sharply with the EUR/USD bounce to 0.8630. The outlook is closely linked… Read more

The Sterling (GBP) The GBP was under pressure against the USD but held up well against most risk currencies with EUR/GBP selling supporting and GBP/AUD sharply higher. Cable found support at 1.5850 but a downtrend looks to be forming and if the situation in Europe… Read more

The Sterling (GBP) performed well in the risk off environment breaking above 1.6000 but failed to close above the key level falling back to 1.5950 support. EUR/GBP was the sharpest mover down under 0.8700. The BOE held at 0.5% and the Asset Purchase program at… Read more