GBP Trading Outlook Archive

The Sterling (GBP) The BoE meeting was a non event with the central bank holding at 0.5% as expected and leaving the Asset Purchase Program at 200bn. Cable fell tracking the Euro lower but found support at 1.5700, finishing in the middle of the recent… Read more

The Sterling (GBP) bounced aggressively off 1.5700 to lead the recovery in the US session. GBP/JPY buying and EUR/GBP selling is adding to the Cable support. December CBI Orders improved to -3 vs. -15 previously. Overall the GBP/USD traded with a low of 1.5666 and… Read more

The Sterling (GBP) found strong resistance above 1.5800 but the pull back was shallow with strong GBP/JPY flows supporting. The outlook for the Pound has been improving lately as market focuses on other currencies problems. Overall the GBP/USD traded with a low of 1.5702 and… Read more

The Sterling (GBP) was heavy for most of the day with risk off trading and a resurgent USD. EUR/GBP fell from the 0.8500 level and could resume its downtrend if Eurozone issues flare up. Overall the GBP/USD traded with a low of 1.5653 and a… Read more

The Sterling (GBP) rallied back towards 1.5800 reacting to USD weakness and beginning to be bought on dips in recent sessions. EUR/GBP was subdued near 0.8500 in choppy trade lacking a clear direction at current levels. November PMI Services was at 53 vs. 53.2 previously…. Read more

The Sterling (GBP) the cable resumed its aggressive volatility being sold hard at the start of the US session before bouncing with the risk on trading. EUR/GBP is recovering towards 0.8500. Overall the GBP/USD traded with a low of 1.5543 and a high of 1.5651… Read more

The Sterling (GBP) the market responded bullishly to a very strong UK Manufacturing PMI at 58 vs. 55.5 previously, a fresh 16 year high. November Nationwide House Prices were weak however at -0.3% vs. -0.2% forecast. Cable rallied with the market but failed to hold… Read more

The Sterling (GBP) November GFK Consumer Confidence fell to -21 vs. -19 previously as consumer outlook darkens and UK house prices fall. GBP/USD tested 1.5500 briefly but then found support on heavy EUR/GBP selling. Overall the GBP/USD traded with a low of 1.5483 and a… Read more

The Sterling (GBP) continued to be sold on rallies falling to lower 1.55 levels at the height of US stock market weakness. UK House prices fell again in November according to Hometrack down -0.8% m/m. &nbsp &nbsp Overall the GBP/USD traded with a low of… Read more

The Sterling (GBP) struggled to bounce with EUR/GBP failing to fall and Cable tracking the EUR/USD lower. Cable slipped below 1.5600 and is looking weak with UK bank exposure to Irish debt linking the currencies fate. Overall the GBP/USD traded with a low of 1.5591… Read more