GBP Trading Outlook Archive

The Sterling (GBP) a 4th day of riots is weighing on the GBP which fell quit heavily in Europe and then in the US session on risk aversion and weak data. BOE Governor King downgraded the central banks economic outlook but did remain confident inflation… Read more

The Sterling (GBP) the Pound underperformed the rest of the FX market on the back of continued rioting in London which is sidelining traders while a rally in stocks would traditionally have supported the UK currency. Looking ahead, Bank of England Governor King Speaks and… Read more

The Sterling (GBP) Cable is holding up well compared to other risk currencies with EUR/GBP selling supporting. The major is finding support at 1.6300 and is enjoying not being the center of attention and relative calm. Riots in London have to potential to change this… Read more

The Sterling (GBP) tracked the stocks and Euro higher supported on stronger than expected PMI data. July Services PMI jumped to 55.4 vs. 53.9 previously. GBP/CHF surged with the Swiss intervention while&nbsp GBP/JPY soared with Japanese intervention. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) was under pressure against the safe havens but losses where contained with plenty of support under 1.6300. GBP/CHF slipped with EUR/CHF to all time lows but EUR/GBP fell back to 0.8700 as the Euro concerns continued. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) rallied in Asia before falling back to opening levels and finding support under 1.6300. EUR/GBP fell as the Pound outperformed relative to the troubled Euro. GBP/JPY was extremely volatile falling from Y128 to Y124 as the USD/JPY gyrated wildly. UK Factory PMI… Read more

The Sterling (GBP) outperformed most other risk currencies finding support under 1.6300 and EUR/GBP falling to 0.8750. CBI Realized Sales at -5 vs. 0 forecast UK economy struggling to gain traction. Overall the GBP/USD traded with a low of 1.6292 and a high of 1.6385… Read more

The Sterling (GBP) fell back to the lower 1.6300 region with market wide USD strength and heavy GBP/JPY selling pushing Cable lower. EUR/GBP fell below 0.8800 but is still inside the recent range. July CBI Industrial trends showed a sharp slowdown to -10 vs. -2… Read more

The Sterling (GBP) was one of the strongest currencies in the market with the Q2 GDP impressing with the 0.2% in line with expectations but a note from the statistics agency saying without Japan/Royal Wedding the number would have been closer to 0.7%. Overall the… Read more

The Sterling (GBP) continued to pivot the 1.6300 level while the traders pushed pause waiting for Greece and US debt clarification. EUR/GBP grinded higher after testing 0.8800 and is well supported on the strong EUR/USD movements of late. Overall the GBP/USD traded with a low… Read more