GBP Trading Outlook Archive

The Sterling (GBP) another blowout in the UK Trade Balance to fresh record deficit -9.25bn in December kept the Pound under pressure overnight with EUR/GBP the most noticeably mover up above 0.8500 extending 3 days of rally. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) was on a weak footing under pressure on crosses with EUR/GBP in particular contributing to pound weakness. Support is seen at 1.6000 and is the first target of bears ahead of Thursday&rsquo s key BOE Announcement. Overall the GBP/USD traded with a… Read more

The Sterling (GBP) traded inside Friday&rsquo s range as the market waited for fresh direction. GBP/JPY remains a source of support as does EUR/GBP which slipped below 0.8400. Overall the GBP/USD traded with a low of 1.6087 and a high of 1.6188 before closing the… Read more

The Sterling (GBP) UK house prices jumped 0.8% in Jan and helped the Pound rally in the European session before reversing on post NFP dollar strength. EUR/GBP is a closely watched cross for general Pound strength and is threatening 0.8400 ahead of this weeks key… Read more

The Sterling (GBP) fell in the sympathy with the Euro but earlier had hit multi month highs above 1.6250 on the back of strong January PMI Services at 54.5 vs. 49.7 previously. EUR/GBP is now below 0.8500 and threatening to break lower. Overall the GBP/USD… Read more

The Sterling (GBP) was the strongest currency in the market as traders reacted to a very solid January Construction PMI at 53.7 vs. 49.8 previously. GBP/JPY moved above Y132 and EUR/GBP fell back towards 0.8500. Overall the GBP/USD traded with a low of 1.6126 and… Read more

The Sterling (GBP) was one of the strongest in the recovery rally yesterday climbing above 1.6000 in a stunning return to strength. GBP/JPY buying was noted with market turning more bullish on the GBP going forward due to inflation risks. Overall the GBP/USD traded with… Read more

The Sterling (GBP) was one of the strongest in the recovery rally yesterday climbing above 1.6000 in a stunning return to strength. GBP/JPY buying was noted with market turning more bullish on the GBP going forward due to inflation risks. Overall the GBP/USD traded with… Read more

The Sterling (GBP) a brief rally in Europe was sold aggressively to fresh day lows as Wall St slumped on Egypt Concerns. EUR/GBP was still a source of support however with the market grinding lower. GBP/JPY fell to Y130 support and is pressuring the Key… Read more

The Sterling (GBP) pushed towards 1.6000 before reversing into the close on USD strength and market wide profit taking. GBP/JPY was boosted by the Japanese downgrade and is well positioned for further upside. Overall the GBP/USD traded with a low of 1.5878 and a high… Read more