GBP Trading Outlook Archive

The Sterling (GBP) hit intra month lows below 1.6100 as the USD strength persistence given weak stocks. Rumors that Moody&rsquo s will be downgrading UK banks also hurt the GBP with EUR/GBP finishing higher even with the Eurozone issues. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) hit intra month lows below 1.6100 as the USD strength persistence given weak stocks. Rumors that Moody&amp rsquo s will be downgrading UK banks also hurt the GBP with EUR/GBP finishing higher even with the Eurozone issues. Overall the GBP/USD traded with… Read more

The Sterling (GBP) outperformed the rest of the market as the heavily beaten down GBP found support on the crosses helping to limit losses against the USD and Yen. EUR/GBP reversed sharply towards 0.8700 and GBP/AUD grinded above 1.5200. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) did well outperform on strong April retail sales at 1.2% vs. 0.8% forecast. GBP/JPY tested Y133 and other crosses found support. Traders have been eager sellers of the GBP recently on fears of stagflation in the UK economy in H2 2011. Overall… Read more

The Sterling (GBP) the Pound struggled in the risk on environment as the Data disappointed and EUR/GBP buying hurt sentiment. The BOE minutes remained unchanged from April at 6-3 unchanged-hike. The Unemployment data showed weakness in the jobs market with claims rising 12.4k in April…. Read more

The Sterling (GBP) was the strongest currency in the market after April CPI surprised to the upside. April CPI printed 4.5% vs. 4.1% previously. Retail Sales were less impressive at 5.2% y/y vs. 5/3% previously. The market latched onto the high CPI numbers with expectations… Read more

The Sterling (GBP) underperformed in the bounce, failing to track the EURO higher with EUR/GBP pushing to 0.8750. The market will be closely watching the inflation data today which is still well above the BOE inflation target. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) was not immune to the Euro weakness but did fair better helping EUR/GBP to fall below 0.8700. Cable fell to month lows below 1.6200 and is searching for support in the risk off environment. &nbsp Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) was weak as UK economic data continued to disappoint which is fuelling concerns about the economic recovery. Cable broke below 1.6300 and EUR/GBP edge up to 0.8750. Overall the GBP/USD traded with a low of 1.6230 and a high of 1.6380 before… Read more

The Sterling (GBP) gained against the Euro on the BOE inflation report which increased the short term expectation of inflation. Cable gains were reversed in the US session with the Dollar revival but the market was able to hold at opening levels. Overall the GBP/USD… Read more