GBP Trading Outlook Archive

The Sterling (GBP) failed to push higher with the rest of the market sticking to the 1.6500 level. UK CBI Trends was weak in April falling to -11 vs. 5 forecast. Overall the GBP/USD traded with a low of 1.6429 and a high of 1.6535… Read more

The Sterling (GBP) pivoted the 1.6500 level in quiet trade with profit taking on rallies the main story. GBP/JPY was especially weak in the US session. Overall the GBP/USD traded with a low of 1.6465 and a high of 1.6552 before closing the day at… Read more

The Sterling (GBP) consolidated in a tight range above 1.6500 with the market ready to press higher after breaking key resistance last week. EUR/GBP is still above 0.8800 and could fall back to 0.8500 if the Pound Plays catch up in coming weeks. Overall the… Read more

The Sterling (GBP) moved to 1.6400 but underperformed the rest of the market on the back of disappointing MPC minutes. EUR/GBP took advantage to climb above 0.8800. The market will place more importance on tonight&rsquo s Retail Sales given conflicting data in recent weeks. Overall… Read more

The Sterling (GBP) found support and broke through 1.6300 in the European session to hit day highs in the US. The MPC minutes released today could provide further support if it shows more members contemplating a rate hike at the April meeting. Overall the GBP/USD… Read more

The Sterling (GBP) was under pressure falling sharply on the US downgrade and stock market weakness. The GBP/USD had bounced to 1.6300 on the back off EUR/GBP selling but reversed sharply at the big figure. Overall the GBP/USD traded with a low of 1.6164 and… Read more

The Sterling (GBP) outperformed the Euro in a notable downside test for the EUR/GBP which threatens the recent uptrend. Cable found support under 1.6300 and stabilized near the figure into the weekend. Overall the GBP/USD traded with a low of 1.6291 and a high of… Read more

The Sterling (GBP) EUR/GBP selling supported the Cable and allowed the pair to finish at 1.6350 up from 1.6250 opening levels. GBP/JPY was more volatile but is finding support on dips after consolidating recent gains. Overall the GBP/USD traded with a low of 1.6252 and… Read more

The Sterling (GBP) was extremely contained against the USD and Yen but made gains against the Euro as the markets waited for fresh catalysts. UK March Claimant count was +0.7k vs. -10k previously. The Jobless Rate fared better dropping to 7.8% vs. 8.0% previously. Overall… Read more

The Sterling (GBP) underperformed the rest of the market as March CPI fell to 4.0% vs. 4.4% previously. This caused the GBP/USD to fall to day lows in the lower 1.6200 region and EUR/GBP popped to multimonth highs above 0.8900. Overall the GBP/USD traded with… Read more