GBP Trading Outlook Archive

The Sterling (GBP) there was little interest to push higher in Europe with resistance above 1.6500 proving solid before the market pushed lower under 1.6400. USD strength countered the improving risk appetite with GBP/JPY now the preferred option for risk takers.

The Sterling (GBP) was extremely stable with the 1.6500 level proving a key pivot. The market was not interested in pushing higher even with the 300 point rally in the Dow jones index. The EUR/GBP is also calm with the little direction. August CBI orders… Read more

The Sterling (GBP) pivoted the 1.6500 level tracking the ups and downs of the stock markets but was very contained with the outlook linked to Friday&rsquo s Jackson hole speech from Fed&rsquo s Bernanke. The lack of volatility is giving traders a breather after two… Read more

The Sterling (GBP) the GBP/USD remained buoyant as the EUR/USD rally helped support on a dips. Resistance at 1.6600 proved strong and the market fell back into the close. EUR/GBP found support under 0.8700 and closed above the figure.

The Sterling (GBP) the Pound held up well with the so much risk aversion in the market being supported by EUR/GBP selling. July Retails sales were softer than forecast at 0.2% vs. 0.3% m/m.&nbsp The market closed at the 1.6500 handle but could be under… Read more

The Sterling (GBP) was the most volatile currency in the market after spiking lower on the BOE Minutes which showed a change to 9-0 with the 2 members calling for rate hikes in recent months changing their decisions to a hold. The market bought aggressively… Read more

The Sterling (GBP) outperformed and was the strongest currency in the market with UK CPI at 4.4% y/y and the Governor King suggesting 5.0% in the medium term was forecasted. The BOE has a mandate to fight inflation targeting 2-3%. There is little suggestion the… Read more

The Sterling (GBP) was support on risk appetite but failed at the 1.6400 and remain offered against other currencies especially the EURO and outperforming Aussie Dollar. Some very important CPI data is released today with recent inflation data running well above target rate.

The Sterling (GBP) rallied to 1.6300 in Europe before going to sleep for the rest of the day in a 20 pip range. The market was supported on strong European stocks which rallied after a short ban was put in place on banking stocks to… Read more

The Sterling (GBP) rallied with the improving market sentiment to reclaim 1.4200. The market took relief from rioters leaving London and some constant EUR/GBP selling down to 0.8750. The outlook will be closely tied with the rolling investor sentiment which has been extremely fickle.