GBP Trading Outlook Archive

The Sterling (GBP) received support from the MPC minutes after the shocking GDP release on Tuesday. The MPC minutes showed 7-2 vote for a hold at the last meeting. The additional member voting for a rate hike was on the back of recent high inflation… Read more

The Sterling (GBP) was crushed lower in European trading a very large fall in Q4 GDP at -0.5% vs. +0.5% forecast. EUR/GBP soared above 0.8600 and GBP/JPY fell below Y130. Overall the GBP/USD traded with a low of 1.5749 and a high of 1.6020 before… Read more

The Sterling (GBP) struggled to match the rallies in the rest of the market with the 1.6000 level providing selling protection. EUR/GBP is building strength above the 0.8500 level as central banks diversify into the single currency. Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) was sold back on weak stock markets with UK economic data also weighing. January CBI orders slipped to -16 vs. -3 forecast. Overall the GBP/USD traded with a low of 1.5835 and a high of 1.6013 before closing the day at 1.5910… Read more

The Sterling (GBP) orbited the 1.6000 level in light range trading with the market consolidating the recent rally. December Claimant Count was -4k vs. -1.2k previously and helped to support the pound as risk appetite waned. Overall the GBP/USD traded with a low of 1.5943… Read more

The Sterling (GBP) broke above 1.6000 after very hot CPI numbers at 3.7% vs. 3.3% previously y/y. The BOE is an inflation targeting central bank with 3% the upper limit and this is leading to speculation the bank will be forced to raise rates to… Read more

The Sterling (GBP) was strong testing above 1.5900 as EUR/GBP was sold off and GBP/JPY extended gains. Talk that the BOE might have to raise rates to fight stubborn inflation supported the market. Overall the GBP/USD traded with a low of 1.5833 and a high… Read more

The Sterling (GBP) was extremely contained tracking the Euro and remaining strong above 1.5800. EUR/GBP is above 0.8400 after finding solid support at 0.8300 last week. Overall the GBP/USD traded with a low of 1.5816 and a high of 1.5888 before closing the day at… Read more

The Sterling (GBP) the Bank of England kept the interest rates at 0.5% and the QE unchanged allowing Cable to rally in sympathy with the Euro. November Industrial Production up 0.4% vs. 0.5%. Overall the GBP/USD traded with a low of 1.5716 and a high… Read more

The Sterling (GBP) weak November Trade Balance data at -8.7bn m/m a new record was shrugged off with the market tracking the Euro to fresh week highs above 1.5750. &nbsp Overall the GBP/USD traded with a low of 1.5581 and a high of 1.5783 before… Read more