GBP Trading Outlook Archive

The Sterling (GBP) tested 1.6000 before reversing and gaining with the Euro and US stocks. February PPI rose 1.1% vs. 1.4%. EUR/GBP pushed higher breaking to 4 month highs above 0.8670 and could be poised to break out higher. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) BOE Rate held at 0.5% as expected and the market quickly looked to the other factors such as the stock market plunge and Euro weakness to guide the Pound lower. Overall the GBP/USD traded with a low of 1.6037 and a high… Read more

The Sterling (GBP) was quite strong on improving economic data able to gain across the board. Janaury Trade Balance improved to -7.1 bn vs. -9.7 bn previously and February Shop Prices improved to 2.7% vs. 2.5% previously. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) was soft all day as the market waited for the BOE rate announcement on Thursday with plenty of commentary from analysts on the speed of rate hikes this year. Given the hawkish ECB last week more talk exists that the MPC may… Read more

The Sterling (GBP) enjoyed gains with the Euro but reversed aggressively later in the day falling below 1.6200 at one point. GBP/JPY and EUR/GBP not helping as the Pound underperforms and buyers stay cautious ahead of this week&rsquo s BOE meeting. Overall the GBP/USD traded… Read more

The Sterling (GBP) fell on weak Services PMI at 52.6 vs. 54.5 previously and then again on heavy EUR/GBP buying which added to the Pressure on the pound. Cable held up well but in a day which should have resulted in gains given the large… Read more

The Sterling (GBP) enjoyed solid gains tracking its European neighbor higher to break above 1.6300 decisively and finish on a strong footing. Helping the major move higher was the strong jump in the February Construction PMI to 56.5 vs. 52.9 forecast. Overall the GBP/USD traded… Read more

The Sterling (GBP) Held up better than most but was under pressure against the USD as stock losses mounted. EUR/GBP selling helped support the major but GBP/JPY and GBP/CHF both fell. February Nationwide House Prices were at 0.3% vs. -0.2% forecast. Overall the GBP/USD traded… Read more

The Sterling (GBP) came under pressure in the European Session after the Q4 GDP was revised lower to -0.6% vs. -0.5%. The statistics offices noted bad weather for the recessionary figure. EUR/GBP is holding above 0.8500 after recent Pound underperformance. Overall the GBP/USD traded with… Read more

The Sterling (GBP) underperformed the broader market as the concerns about the weakness of the UK economy offset the inflation/rate hiking expectations. EUR/GBP reclaimed 0.8500 and pushed higher threatening to break to the topside and change the trend of the cross. Overall the GBP/USD traded… Read more