GBP Trading Outlook Archive

The Sterling (GBP) Q3 GDP was confirmed at 0.8% Q/Q but the GDP was linked with the Euro in underperforming risk assets. The market was stable though and new lows were limited by the US stock market rally. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) Q3 GDP was confirmed at 0.8% Q/Q but the GDP was linked with the Euro in underperforming risk assets. The market was stable though and new lows were limited by the US stock market rally. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) Broke through multiple supports on its way down to low 1.5760 lows on a combination of the North Korean attack news and English bank exposure to Irish debt. Below 1.5800 the market is in danger of falling further as the recent uptrend… Read more

The Sterling (GBP) held up better than the Euro but was still under pressure after a rally above 1.6000 was sold aggressively during the latter part of Europe. Support was found at 1.5900 and the market recovered with US stocks into the close. Overall the… Read more

The Sterling (GBP) was sold hard in the US session as EUR/GBP found some solid support and Cable broke below 1.6000. EUR/GBP jumped from 0.8490 to 0.8570. The outlook for Cable is very mixed with range trading around the 1.6000 level likely until a new… Read more

The Sterling (GBP) Solid economic data and risk on environment helped Cable rally back above the key 1.6000 level. GBP/JPY surge past Y134 as October Retail Sales jumped 0.5% m/m. The CBI November Industrial trends Survey improved to -15 from -28 previously. Overall the GBP/USD… Read more

The Sterling (GBP) managed small gains but was also very subdued rallying on slightly better than expected data. UK Claimant Count change was -3.7k vs. 5.1k forecast. BOE/MPC Minutes showed another 1-7-1 split with the Member Sentence wanting a rate hike and Posen wanting more… Read more

The Sterling (GBP) October CPI came in stronger than expect at 3.2% y/y forcing BOE king to send another letter to the government. The upside was limited however and the market crash through 1.6000 on later comments from King that the BOE could expand QE… Read more

The Sterling (GBP) very weak November UK house Prices down -3.2% vs. +3.1% m/m previously added to the downside pressure already existing from the slumping Euro. GBP/JPY is showing strength holding above Y133 as the USD/JPY begins to trek higher. Overall the GBP/USD traded with… Read more

The Sterling (GBP) a slight pull back in October Consumer Confidence did little to help the market in risk off mode going into Europe with Cable testing 1.6000 before bouncing into the Weekend. EUR/GBP also bounced with the Euro selling seen as overdone in recent… Read more