GBP Trading Outlook Archive

The Sterling (GBP) grinded higher on the day after recent selling was seen as overdone and the market took profit. GBP/JPY recovered from below Y128 but is struggling to maintain strength in recent sessions. Overall the GBP/USD traded with a low of 1.5371 and a… Read more

The Sterling (GBP) UK Q3 GDP was revised lower to 0.7% vs. 0.8% originally and this allowed the market to push the already weak Pound further down. UK MPC Minutes released from last rate meeting showed the board was split 1-7-1 with one member calling… Read more

The Sterling (GBP) was broadly linked with the Euro trading higher in Asian before reversing to fresh monthly lows. November UK Public borrowing increased to GBP22.8bn vs. 8.6BN previously. Concerns about the pace of the UK recovery remain and the 2011 outlook is very mixed…. Read more

The Sterling (GBP) stayed within a 100 pip range with the market able to stage a small rebound in the European session before falling back again during New York trading. EUR/GBP is attempting to take advantage of the Euro weakness and EUR/GBP did push to… Read more

The Sterling (GBP) moved in sympathy with the Euro falling sharply after the Irish downgrade with UK banking exposure linking the two currencies. EUR/GBP did fall back under 0.8500 after testing higher earlier in the day. Overall the GBP/USD traded with a low of 1.5455… Read more

The Sterling (GBP) was very well supported after solid Retail Sales at 0.3% in November with upward revisions in October. EUR/GBP fell back from above 0.8500 level as the Euro remained out of favor. Overall the GBP/USD traded with a low of 1.5539 and a… Read more

The Sterling (GBP) was under heavy selling pressure after weak jobs numbers with the unemployment rate jumping to 7.9% vs. 7.7%. Cable slid to the 1.55 handle with very limited bounce. Overall the GBP/USD traded with a low of 1.5529 and a high of 1.5772… Read more

The Sterling (GBP) Strong CPI at 0.4% m/m in November pushed yearly figures to 3.3% and supported Cable as it tested 1.5900 in Early Europe. The mood changed dramatically however as EUR/GBP began to rally and USD found strength with market falling sharply back below… Read more

The Sterling (GBP) tracked the Euro move higher but could not keep up with the pace of the single currency allowing EUR/GBP to move back to the mid 0.8450 region. UK House prices continue to weaken with Rightmove HPI -3.0%m/m. Overall the GBP/USD traded with… Read more

The Sterling (GBP) some softer than expected November PPI at 3.3 vs. 3.5% y/y had very little impact in the market with stronger risk appetite competing with USD strength on the major. EUR/GBP managed to grind lower and GBP/JPY is also doing well in recent… Read more