GBP Trading Outlook Archive

The Sterling (GBP) we the underperforming as MPC member Posen talked down the inflation threat and GBP/USD broke below 1.6000. Broad GBP weakness has been seen in recent session with the market struggling to find buyers on most pairs. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) fell back to the 1.6000 major level as Cable fell in sympathy with the EURO. EUR/GBP fell back slightly from the 0.8800 level and is developing into a closely watched gauge of GBP relative strength. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) the GBP was under a lot of pressure as the market react to weak economic data and sharp moves on crosses. EUR/GBP broke to multimonth highs hitting 0.8800 and threatening to reverse a 2 year down trend. Overall the GBP/USD traded with… Read more

The Sterling (GBP) the UK budget was bearish with downgrades to the economic outlook hurting the GBP/USD. EUR/GBP was able to fall though with the Euro outpacing to the downside and many players are happy to buy cable on weakness. Overall the GBP/USD traded with… Read more

The Sterling (GBP) had a good day across the board as economic data supported. February CPI gained 0.7% m/m to bring the y/y to 4.4% which is well above the target rate. March CBI Industrial Orders were strong at +5 in March. Overall the GBP/USD… Read more

The Sterling (GBP) moved higher above 1.6300 where in consolidated in quiet trade. EUR/GBP fell from profit taking at 0.8740 to 0.8710. The market outlook is turning bullish on cable as risk appetite picks up and &nbsp &nbsp a short term bottom is put into… Read more

The Sterling (GBP) held no resemblance to consumer confidence coming at record lows, as the BoE&rsquo s involvement in co-ordinated intervention pushed the GBPJPY pair from 127.80 to higher near 132.53, simultaneously taking the GBPUSD along for the ride to trade as high as 1.6256…. Read more

The Sterling (GBP) was under heavy selling pressure and is struggling to hold on the 1.6000 handle but has held so far. A break lower would send the Cable lower and EUR/GBP into new highs with the European single currency much safer than the risk… Read more

The Sterling (GBP) fell sharply below 1.6000 before rebounding gentle to 1.6100 in the US session. Crosses are not helping with EUR/GBP and GBP/JPY both adding weight to the major and both developing technically bearish for the Pound. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) strong with the Euro grinding higher to test 1.6200 before settling in quiet trade. Traders have been selling the Pound in recent session as the weakness of the recovery overpowers the inflation risk/rate hikes risks. Overall the GBP/USD traded with a low… Read more