GBP Trading Outlook Archive

The Sterling (GBP) once again stayed inside familiar level unable to break out of the range set out in recent sessions. Cable tested above 1.6400 in Europe and this occurred at the same time EUR/GBP fell below 0.8800 but the gains where unable to be… Read more

The Sterling (GBP) tested resistance above 1.6400 but failed to close above the figure coming under profit taking pressure. March PPI increased 3.7% m/m and shows the clear inflation pressure the UK economy is under going forward. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) kept inside the previous days range orbiting around the 1.6300 level. The BoE held at 0.5% as widely expected and instead tracked the Euro movement. EUR/GBP in very stable in recent session as the market waits for further catalyst to produce fresh… Read more

The Sterling (GBP) tracked the Euro higher into the start of Europe but was hit hard by the sharp drop in UK industrial Production by -1.2%m/m in February. GBP/JPY tested Y140 and help limit losses in the Cable. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) finally played catch-up with the rest of the market soaring across the board. GBP/JPY surged over 300 pips above Y139 after hitting lows below Y125 in recent weeks. The market reversed on the EUR/GBP and GBP/USD pushed to 1.6300. Overall the GBP/USD… Read more

The Sterling (GBP) managed two attempts higher but failed at 1.6180 resistance and pulled back to opening levels. March Construction PMI was only slightly less at 56.5 vs. 56.4 previously. Overall the GBP/USD traded with a low of 1.6105 and a high of 1.6180 before… Read more

The Sterling (GBP) challenged the Euro in volatility stakes plunging through 1.6000 before reversing and soaring above 1.6100 in late US trade. The market is still mixed on the GBP outlook and this is best highlighted in the EUR/GBP which continues to grind higher on… Read more

The Sterling (GBP) was higher pushing above 1.6100 but found heavy resistance and reversed back to support at 1.6040. March HPI fell -0.1% vs. 0.3% previously and as expected. While Cable Holds above 1.6000 tentative bottom may be in place but the market is still… Read more

The Sterling (GBP) was able to finally rally on the back of strong data and positive markets. CBI Distributive trades jumped to 15 vs. 6 previously in March. EUR/GBP slipped to 0.8750 but losses was contained and most of the moves were seen on GBP/JPY…. Read more

The Sterling (GBP) continued to underperform and was punished against the Euro which hit year highs above 0.8830 on EUR/GBP before paring back some gains. Cable continued to pivot 1.6000 with range traders enjoying some stability since Monday. Overall the GBP/USD traded with a low… Read more