GBP Trading Outlook Archive

The Sterling (GBP) was very calm but pressured to the downside with the general risk off mood in the market. EUR/GBP tried to extend gains but failed to push much further into the 0.8900 region. The outlook is mixed to negative given the tough austerity… Read more

The Sterling (GBP) was very calm but pressured to the downside with the general risk off mood in the market. EUR/GBP tried to extend gains but failed to push much further into the 0.8900 region. The outlook is mixed to negative given the tough austerity… Read more

The Sterling (GBP) bounced with the Euro but underperformed with EUR/GBP pushed higher. The market is still not eager to buy the Pound with the UK economy under a cloud of stagflation. The Possibility of high inflation and low growth is a toxic mix that… Read more

The Sterling (GBP) did well against the USD but the EUR/GBP went to fresh highs above 0.8855 as the market remained concerned about the UK economy and Greece fears subsided. The outlook for Cable is mixed with gains hard to maintain and sellers ready to… Read more

The Sterling (GBP) tracked the risk on and off trading falling sharply on a drop in UK May PMI Factory which dropped to 52.1 vs. 54.4 previously. EUR/GBP popped above 0.8800 before reversing. Overall the GBP/USD traded with a low of 1.6422 and a high… Read more

The Sterling (GBP) rallied above 1.6500 but found very strong resistance at 1.6550 and when the market reversed fresh day lows were seen in the near 1.6400. GBP/JPY tested Y135 before reversing late in the day. Overall the GBP/USD traded with a low of 1.6422… Read more

The Sterling (GBP) remained subdued but well supported near highs. &nbsp The GBP/USD has broken above resistance in recent days and is threatening to begin an uptrend. Overall the GBP/USD traded with a low of 1.6448 and a high of 1.6510 before closing the day… Read more

The Sterling (GBP) surged towards 1.6500 on the back of solid GBP/JPY buying and EUR/GBP selling. House Prices are under pressure still in the UK with October HPI falling -3.7%y/y. Overall the GBP/USD traded with a low of 1.6204 and a high of 1.6515 before… Read more

The Sterling (GBP) continued outperforming the rest of the market taking advantage of the weakness in the EUR/GBP to push GBP/USD towards 1.6400. GBP/JPY consolidated above Y133. UK Consumer confidence soared in what is regards as &lsquo royal wedding&rsquo effect last month. Overall the GBP/USD… Read more

The Sterling (GBP) was the strongest currency in the market overnight surging across the board. EUR/GBP reversed below 0.8700 and GBP/JPY soared above Y133. Q1 GDP was confirmed at 0.5% Q/Q. Overall the GBP/USD traded with a low of 1.6129 and a high of 1.6297… Read more