GBP Trading Outlook Archive

The Sterling (GBP) was supported on MPC minutes which showed the rate committee split 6-3 on whether to hold or raise rates at this month&rsquo s meeting. Cable Closed above 1.6200 and is well supported. Overall the GBP/USD traded with a low of 1.6155 and… Read more

The Sterling (GBP) was under heavy selling pressure against all the majors with risk turned off. Cable moved back to 1.6100 and EUR/GBP moved back towards 0.8500. GBP/JPY was also under pressure as the recent rally reversed. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) eased with the USD strength but the selling was mild with the US away and the sentiment bullish towards the Pound in recent days. Support at 1.6200 was strong and Cable stayed close to the figure throughout the day. Overall the GBP/USD… Read more

The Sterling (GBP) a larger than expected jump in January Retail Sales to 1.9% vs. -1.4% previously helped the Pound outperform and cable surge to 1.6250. Wednesday&rsquo s MPC Rate Meeting Minutes will be the next major risk event for the GDP with focus on… Read more

The Sterling (GBP) BOE member Sentence was quoted as supporting interest rate hikes sooner and Cable was also supported by an increase in the February CBI UK Industrial Trends survey to 23 vs. 17 previously both combined to push the Cable higher. Overall the GBP/USD… Read more

The Sterling (GBP) some soft jobs data hurt the pound with +2.4k vs. -3k forecast. The BOE quarterly inflation report disappointed those traders looking for more support for a rate rise this year. Overall the GBP/USD traded with a low of 1.5985 and a high… Read more

The Sterling (GBP) was well supported on a hawkish inflation letter sent from the Bank of England Governor to UK government after the January Inflation reading came in at 4% vs. the 2% mandate target rate. Chances that the BOE would have to raise rates… Read more

The Sterling (GBP) staged a minor rally going into Europe but found sellers lined up and pulled back to 1.6000 support once again. The BOE inflation report is the highlight of the week as BOE Governor King will have to write his 10th letter outlining… Read more

The Sterling (GBP) fell back with the Euro to test support at 1.6000 which cautiously held into the weekend. Outlook is mixed with inflation vs. weak growth seen hampering the Pounds recovery this year. Overall the GBP/USD traded with a low of 1.5965 and a… Read more

The Sterling (GBP) ended up on the day after the MPC held rates at 0.5% as expected but the market focused on analysts calls for rate hikes earlier than expected. GBP/JPY pushed higher and EUR/GBP pulled back to 0.8450 support. Overall the GBP/USD traded with… Read more