GBP Trading Outlook Archive

The Sterling (GBP) failed to track the rest of the market underperforming on strong EUR/GBP buying. The important cross edged back above 0.8800. GBP/JPY fared better ending above Y132 and looking to confirm a bottom has been put in place. Overall the GBP/USD traded with… Read more

The Sterling (GBP) April UK Halifax HPI fell 1.4% m/m and kept the recovery limited. When Greece was downgraded the Pound fell in sympathy but was able to rebound to opening levels as well later in the US session. Overall the GBP/USD traded with a… Read more

The Japanese Yen (JPY) was sold against most currencies after the US Jobs numbers with USD/JPY testing Y81 immediately after and AUD/JPY and GBP/JPY doing well. EUR/JPY reversed on the Greece rumors but is well positioned going into the new week. Overall the USD/JPY traded… Read more

The Sterling (GBP) sold off with the rest of the market but was able to take advantage of the EURO slump to push EUR/GBP from fresh month highs nearly 2 big figures lower. The BOE held at 0.5% as expected but did not release a… Read more

The Sterling (GBP) was very weak after the sharp fall in April Factory PMI to 54.6 vs. 56.7 previously. Cable fell through 1.6500 on the back of this with EUR/GBP pushing above 0.9000. Overall the GBP/USD traded with a low of 1.6463 and a high… Read more

The Sterling (GBP) was weaker than most majors with the market selling the Pound first against the resurgent Dollar. EUR/GBP took advantage moving above 0.8900 and the looking strong as the uptrend continues. Overall the GBP/USD traded with a low of 1.6635 and a high… Read more

The Sterling (GBP) consolidated into the weekend above the 1.6600 level but struggled to push far above &nbsp 1.6700. EUR/GBP hit month highs above 0.8930 on continued Euro rally but pared back those gains into the weekend. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) the goodwill towards the pounded faded in the US session and EUR/GBP broke back above 0.8900. GBP underperformance has been evident in recent week with the UK economic recovery lagging most developed countries. Overall the GBP/USD traded with a low of 1.6622… Read more

The Sterling (GBP) was the strongest currency in the market overnight as the recent underperformance was corrected on strong Q1 GDP and Mortgage data. Q1 GDP was 0.5% Q/Q and Mortgages increased 31k in March. Overall the GBP/USD traded with a low of 1.6443 and… Read more