GBP Trading Outlook Archive

The Sterling (GBP) was a major outperformer surging back above 1.6000 with EUR/GBP selling helping the major rally and ignore risk aversion. June PPI was still high at 17% y/y vs. 16.1% previously. CHF and GBP stand to gain if the Euro and US debt… Read more

The Sterling (GBP) was caught in a tight range under 1.6000 with the market consolidating waiting for further catalysts. The selling has subsided for now though and solid support is forming in the 1.4920-50 region. EUR/GBP is back at 0.9000 after a sharp reversal higher… Read more

The Sterling (GBP) was pushed lower under the weight of heavy Euro selling and broke below 1.6000. EUR/GBP still fell however as the Pound outperformed the single currency and could pull back further if Trichet is dovish tonight. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) tested 1.6000 before surging higher on strong June PMI Services at 53.9 vs. 53.5 forecast in a rare better than forecast result. Resistance above 1.6100 proved solid however and the market was content to ease back for the rest of the day…. Read more

The Sterling (GBP) broke with the rest of the market for a rare test higher above 1.6100 whilst other majors did very little. This saw the EUR/GBP come under selling pressure for the first time in recent sessions testing 0.9000 during the European session. Overall… Read more

The Sterling (GBP) was left behind in the risk rally for the 3rd day after the June UK PMI manufacturing data surprised once again to the downside at 51.3 vs. 52.0 previously. EUR/GBP is testing new highs in the 0.9000 but the recent highs are… Read more

The Sterling (GBP) Was under pressure due to heavy EUR/GBP buying translating in Cable losses. Support was found under 1.6000 but the market is fragile and playing the game of the least worst when comparing GBP and USD. Next week&rsquo s BOE meeting will potentially… Read more

The Sterling (GBP) pushed higher with general risk on trade but the relentless rise of EUR/GBP which broke above 0.9000 capped Cable gains. May Mortgage approvals increased to 45.9k vs. 45.2k previously but slightly less than 46.1k forecast and still very low. Overall the GBP/USD… Read more

The Sterling (GBP) was not eager to rally with annual Q1 GDP downgraded to 1.6% vs. 1.8% previously and continued bearish sentiment towards the BOE monetary policy. The large stock gains forced the market higher but it lagged the rest of the market best expressed… Read more

The Sterling (GBP) The downside is becoming slightly exhausted against the USD with Cable finding support towards 1.5900 and testing 1.6000. EUR/GBP is under pressure though with the major cross extending above 0.8900 and could retest the very critical 0.9000 level and major psychological resistance…. Read more