GBP Trading Outlook Archive

The Sterling (GBP) continued to outperform on the back the BOE inflation report and heavy unwinding of long EUR/GBP positions. GBP/JPY also remained strong above Y132 and is threatening to break higher. Overall the GBP/USD traded with a low of 1.6079 and a high of… Read more

The Sterling (GBP) was strong across the board as the Bank of England inflation report showed uncertain outlook but still a chance of higher than expected inflation which may prompt sooner than forecasted rate hikes. Overall the GBP/USD traded with a low of 1.5958 and… Read more

The Sterling (GBP) some weak housing data with RICS house Price -49% and September&amp rsquo s Trade Balance at 8.2bn vs. 8bn forecast. Cable fell through 1.6000 after heavy selling for most of the day with support struggling to be found. Overall the GBP/USD traded… Read more

The Sterling (GBP) fell in sympathy with the Euro but losses where limited and EUR/GBP made further lows towards the 0.8600 level. Cable stayed in a 40 pip range in Europe and US sessions. Overall the GBP/USD traded with a low of 1.6102 and a… Read more

The Sterling (GBP) strong risk appetite competed against the USD strength to have cable finish slightly lower just under 1.6200. EUR/GBP continued to fall back below 0.8700. Overall the GBP/USD traded with a low of 1.6168 and a high of 1.6292 before closing the day… Read more

The Sterling (GBP) saw the BoE keep interest rates on hold at 0.5%, and no change to its asset purchase program as widely expected. Ultimately this was cause for the British Pound to take full advantage of a weaker dollar. The GBPUSD traded with a… Read more

The Sterling (GBP) slipped soon after the FOMC decision to extend it stimulus package before regaining a hold above 1.6100 late in the North American session. In domestic news, UK PMI Services rose to 53.2 for the month of October, from previous 52.8. The GBPUSD… Read more

The Sterling (GBP) closed above the 1.60 mark for the second successive day despite a spiked lower in immediate reaction to PMI Construction figures coming in below expectation at 51.6 versus 53.1 forecast. The GBP USD trade with a low of 1.5960 and a high… Read more

The Sterling (GBP) saw PMI manufacturing improve in October to 54.9, from September&rsquo s reading of 53.5 (10 month low). The reading ensured the Sterling Pound remained well bid for much of the trading day, firmly establishing itself above the key 1.60 mark. The GBPUSD… Read more

The Sterling (GBP) tracked the Euro higher surging back towards the key 1.6000 level closing above 1.5900. October CBI Realized Sales dropped to 36 vs. 40 but were overlooked. EUR/GBP hit week lows at 0.8700. Overall the GBP/USD traded with a low of 1.5760 and… Read more