GBP Trading Outlook Archive

The Sterling (GBP) the GBP/USD was very quiet pivoting the 1.6300 level consolidating the rally on Thursday. EUR/GBP fell back to test 0.8800 but is grinding higher on the post Greece deal enthusiasm for the single currency. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) broke out of the range to the topside and surged to 1.6300 before stabilizing in the close. EUR/GBP climbed back above 0.8800 as the Euro outperformed. June Retail Sales were strong at 0.7% vs. -1.3% previously. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) the GBP was quiet in a tight range with losses against the Yen and Euro the only noticeable movement. The MPC minutes remained the same as the previous month and the outlook is for no action from the central bank for the… Read more

The Sterling (GBP) rallied with the rest of the risk currencies but found resistance at last week highs near 1.6180. The market is volatile with news coming from both directions lately and providing plenty of trading opportunities between 1.5900-1.6200. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) was a noted underperformer with EUR/GBP rebounding and Cable dropping below the 1.6100 level after the recent rally ran out of steam. The outlook is very mixed with more range trading expected until the Bank of England&rsquo s monetary policy outlook is… Read more

The Sterling (GBP) held onto the 1.6100 level but was unable to move higher with the Negative US data and subdued trading on Friday. EUR/GBP is under 0.8800 and could fall further with much of the Pound weakness already priced in and Euro issues still… Read more

The Sterling (GBP) held onto gains against the USD well and strengthened against the Euro in a continuation of the recent rally this week. The market is cautiously coming back to the GBP which has been under heavy selling pressure due to deteriorating economic data… Read more

The Sterling (GBP) enjoyed Majors gains throughout the day against most pairs tracking the Euro higher. Cable broke above 1.6000 in the US session and surged to 1.6150. June Claimant Count was higher than expected at 24.5k vs. 15k forecast. Overall the GBP/USD traded with… Read more

The Sterling (GBP) tested 1.5800 on bearish European events and stock markets before reversing with the short covering rally back to opening levels near 1.5920. June CPI came in at 4.2% vs. 4.5% forecast and eases some of the pressure on the BOE to hike… Read more

The Sterling (GBP) was weaker as risk aversion overwhelmed support seen from EUR/GBP selling and Cable broke back below 1.6000 to 1.5900. The outlook is negative with the downtrend only consolidating last week and fresh multi week lows seen overnight. Overall the GBP/USD traded with… Read more