GBP Trading Outlook Archive

The Sterling (GBP) found support on dips to be bought up above 1.5600 and GBP/JPY reclaimed the key Y130 level. EUR/GBP was stable as the Euro recovered from recent selling and the Japan news also helped GBP sentiment. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) tested support at 1.5500 and then resistance at 1.5600 as range trading continued. UK Halifax House Prices fell -1.3% in December and continues a string of recent bad data. Inflation in 2011 will be key for GBP strength or weakness. Overall the… Read more

The Sterling (GBP) surged back above a 1.5500 and held above the level into the weekend as EUR/GBP supported the major. The last few weeks the Cable has been volatile but has held to a range, waiting for a new trend to develop. Overall the… Read more

The Sterling (GBP) another set of weak data overnight did not help the Pound with December Services PMI dipping to 49.7 from 53.0 previously. Support was seen form heavy EUR/GBP selling however down to 0.8400 as the Euro fell out of favor. Overall the GBP/USD… Read more

The Sterling (GBP) with Construction PMI slipping to 49.1 vs. 51.8 previously and with a strong USD the major was under heavy pressure in the US session falling under 1.5500. EUR/GBP continue to move lower however and GBP/JPY extended its recovery off 12 month lows…. Read more

The Sterling (GBP) was bought aggressively across the board on talk of large sovereign buying. Also helping the pair to maintain gains was the large jump in December Manufacturing PMI to record 58.3. Overall the GBP/USD traded with a low of 1.5452 and a high… Read more

The Sterling (GBP) struggled in thin holiday markets from both a resurgent USD and strong EUR/GBP rally. Support was found at 1.5450 but the bounce was limited. Overall the GBP/USD traded with a low of 1.5431 and a high of 1.5579 before closing the day… Read more

The Sterling (GBP) was extremely strong going into the US open up over 200 pips on the day with EUR/GBP and GBP/JPY crosses supporting the major. Overall the GBP/USD traded with a low of 1.5435 and a high of 1.5665 before closing the day at… Read more

The Sterling (GBP) fell sharply from above 1.5500 to 1.5360 as widespread GBP selling was noted on many crosses. Overall the GBP/USD traded with a low of 1.5365 and a high of 1.5539 before closing the day at 1.5430 in the New York session. Looking… Read more

The Sterling (GBP) gained against the Euro but was under pressure elsewhere with the major below 1.5400 and GBP/JPY moving to fresh year lows. Overall the GBP/USD traded with a low of 1.5343 and a high of 1.5514 before closing the day at 1.5360 in… Read more