GBP Trading Outlook Archive

The Sterling (GBP) gained on the back of positive earning in US, and Hawkish comments from BoE member Sentence who said interest rates will need to rise gradually to counter inflation. The GBP traded with a low of 1.5772 and a high of 1.5909 before… Read more

The Sterling (GBP) despite reports of 3rd quarter growth being excessively slow, UK CPI figures were released at 3.1%, above the BoE 3% upper limit. Confusion on the outlook of the UK economy remains following poor Retail Sales and House prices on Tuesday, ensuring the… Read more

The Sterling (GBP) eased further in Asian trade on Tuesday, as RICS house price index fell to -36 from -32, to record it lowest reading since May 2009 whilst BRC retail Sales also fell to 0.5% from previous 1.0%, justifying the BoE&rsquo s disregard to… Read more

The Sterling (GBP) also traded in a choppy range before ending the week relatively subdued against the USD. The GBP was not aided by comments made by UK Chancellor Osborne, that he would approve an extension of QE if requested by the BoE. Overall the… Read more

The Sterling (GBP) broke above the key 1.6000 level but came under pressure quickly as sentiment in the market turned in the US session. The BoE held at 0.5% and no statement was released as expected. US FED officials stating that further QE was not… Read more

The Sterling (GBP) struggled to push higher against the Dollar as the EUR/GBP rallied higher and the traders took profit on Cable at 1.5950. Today&rsquo s Bank of England Rate meeting should remain unchanged at 0.5% but the calls for expanding the Asset Purchase program… Read more

The Sterling (GBP) rallied on USD weakness but failed to keep up with the Euro which pushed past 0.8700 on the EUR/GBP once again. September PMI services improved as expected to 52.8 vs. 51 previously. Overall the GBP/USD traded with a low of 1.5750 and… Read more

The Sterling (GBP) did well as crosses gained and the market responded to improvement in the UK PMI Construction survey to 53.8 in September. EUR/GBP fell from multi-month highs above 0.8700. Overall the GBP/USD traded with a low of 1.5747 and a high of 1.5872… Read more

The Sterling (GBP) a mild rally failed to keep pace with the Euro as the Pound remains out of favor with investor given uncertainty about the UK&rsquo s own monetary policy. The Bank of England meet this week with focus on any change in the… Read more

The Sterling (GBP) was up and down all day with an initial rally in the open of New York sold aggressively over 200 pips lower. EUR/GBP hit new month highs and threatens the major 0.8715 resistance. UK Consumer Confidence fell to -20 in September. Overall… Read more