GBP Trading Outlook Archive

The Sterling (GBP) fell against the Dollar but held up better than most as the residual effects of a strong GDP print echoed throughout the UK media today. Talk that the economy was not going into a double dip help limit expectations of the BOE… Read more

The Sterling (GBP) was the best performing currency in the market as the Q3 GDP figures surprised with an impressive 0.8% Q/Q vs. 0.4% Q/Q forecast. EUR/GBP showed the Pound Strength clearly with the recent trend reversing for a test of 0.8740. Overall the GBP/USD… Read more

The Sterling (GBP) managed gains against the USD in Asia but underperformed the broader market with EUR/GBP extending recent gains to 0.8940. The situation changed in the US session however with EUR/GBP selling providing support for the GBP/USD. Overall the GBP/USD traded with a low… Read more

The Sterling (GBP) mild selling pressure pushed Cable back to 1.5650 as traders pick higher yielding pairs such as the Aussie and Euro to express USD weakness. GBP/JPY is struggling to find support under Y130 and is technically weak. Clarification on the UK QE situation… Read more

The Sterling (GBP) was knocked about on Thursday, little aided by a fall of -0.2% in Retail Sales for September and a downward revision in the previous month. The effects of the previous day&rsquo s UK austerity measures did little to aid in upward bias… Read more

The Sterling (GBP) also pushed higher on Wednesday on a return to risk, although the upside move was limited as the BoE minutes hinted that policy makers were leaning towards further QE. The UK Government unveiled significant austerity measures as well, by raising the retirement… Read more

The Sterling (GBP) also slid versus the dollar post China, with sentiment remaining skewed on the down side in anticipation of UK Government spending review, and growing expectation of further quantitative easing by the BoE. The GBPUSD traded with a low of 1.5680 and high… Read more

The Sterling (GBP) remained pressured for much of the trading day, ahead of UK governments spending review on Tuesday, and growing expectation of a third installment of stimulus. The GBP traded with a low of 1.5838 and a high of 1.6003 before closing the day… Read more

The Sterling (GBP) in similar fashion to other majors, spiked higher against the dollar. The Pound has continued to maintain it handle above 1.6000 of late, and Friday was no different as late session selling ensured the GBP closed below that level. The GBPUSD traded… Read more

The Japanese Yen (JPY) set fresh 15 yeah highs against the USD, breaking the currency out of its tight range seen the previous day. Ignited by the Singapore Central Bank, the Japanese Yen found large demand on a knock on effect. The USDJPY traded at… Read more