GBP Trading Outlook Archive

The Sterling (GBP) was the noted underperformer in the market failing to get back above 1.6000 with some weak economic data leading to more speculation that the BOE might increase the Asset purchase program at today&rsquo s MPC meeting. July Industrial Production -0.2% vs. 0.0%… Read more

The Sterling (GBP) followed the Euro movements broadly, rallying on GBP/CHF flows before reversing sharply and breaking 1.6000. EUR/GBP moved up above 0.8800 on talk the BOE may increase the asset purchase program at tomorrow&rsquo s rate meeting. Looking ahead, July Industrial Output forecast at… Read more

The Sterling (GBP) a weak Services PMI saw the GBP/USD break 1.6100 with August reading at 51.1 vs. 55.4 previously. EUR/GBP was able to pare back gains though after rallying at the start of Europe to fall to fresh lows by the end of the… Read more

The Sterling (GBP) The GBP/USD fell in &lsquo risk off&rsquo trading but support was seen from EUR/GBP which continue to fall back to 0.8750. A weak construction PMI and drop below 1.6000 this week could lead to a new downtrend for Cable which has range… Read more

The Sterling (GBP) fell sharply in the US session down under 1.6200 and finding support in the lower 1.6100 area before grinding higher into the close. EUR/GBP fell back towards 0.8800 on Euro weakness and could support the GBP/USD if the selling continues. &nbsp Looking… Read more

The Sterling (GBP) selling throughout the day in sympathy with the Euro and broke under 1.6300 to find support at 1.6240. The EUR/GBP is very tight at 0.8850 and shows the close correlation the Pound is having with the single currency lately. GBP/CHF is another… Read more

The Sterling (GBP) concern the UK would slide back into a European led recession hurt sentiment towards the GBP/JPY and GBP/USD which fell heavily throughout the day. July Mortgage Approvals came in as expected at 49k. UPDATE August Consumer Confidence at -31 vs. -30 previously.

The Sterling (GBP) GBP/USD was strong grinding above 1.6400 and gaining against the lackluster Euro. GBP/AUD however fell back to with stock markets proving plenty of support for the high yielding Aussie. Looking ahead, July Mortgage Approvals forecast at 49k vs. 48.4k previously.

The Sterling (GBP) struggled to rally and fell further in the sell off then other majors with the market falling out of favor with the Pound. Traders were reminded of the weak growth in the UK economy with Q2 GDP at 0.2% Q/Q. Crosses remained… Read more

The Sterling (GBP) Broke below 1.6300 and was under pressure when the German stock market falls on the short selling ban rumors. The market failed to bounce off these levels and entered Asian trade in a very quiet mood. Looking ahead, Q2 GDP forecast at… Read more