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GBP Trading Outlook


 
16.2.2012-13.2.2012 10.2.2012-6.2.2012 3.2.2012-30.1.2012 27.1.2012-23.1.2012 20.1.2012-16.1.2012 13.1.2012-9.1.2012 6.1.2012-2.1.2012 30.12.2011-26.12.2011 23.12.2011-19.12.2011 16.12.2011-12.12.2011 9.12.2011-5.12.2011 2.12.2011-28.11.2011 24.11.2011-21.11.2011 18.11.2011-14.11.2011 11.11.2011-7.11.2011 4.11.2011-31.10.2011 28.10.2011-24.10.2011 21.10.2011-17.10.2011 14.10.2011-10.10.2011 6.10.2011-3.10.2011 30.9.2011-26.9.2011 23.9.2011-19.9.2011 16.9.2011-12.9.2011 9.9.2011-5.9.2011 2.9.2011-29.8.2011 26.8.2011-22.8.2011 19.8.2011-15.8.2011 12.8.2011-9.8.2011 4.8.2011-2.8.2011 29.7.2011-25.7.2011 22.7.2011-18.7.2011 15.7.2011-11.7.2011 8.7.2011-4.7.2011 1.7.2011-28.6.2011 24.6.2011-20.6.2011 16.6.2011-13.6.2011 10.6.2011-6.6.2011 3.6.2011-30.5.2011 27.5.2011-23.5.2011 20.5.2011-16.5.2011 13.5.2011-9.5.2011 6.5.2011-2.5.2011 29.4.2011-25.4.2011 21.4.2011-18.4.2011 15.4.2011-11.4.2011 8.4.2011-4.4.2011 1.4.2011-28.3.2011 25.3.2011-21.3.2011 17.3.2011-14.3.2011 11.3.2011-8.3.2011 4.3.2011-28.2.2011 25.2.2011-21.2.2011 18.2.2011-14.2.2011 11.2.2011-7.2.2011 4.2.2011-31.1.2011 28.1.2011-25.1.2011 21.1.2011-17.1.2011 14.1.2011-10.1.2011 7.1.2011-3.1.2011 31.12.2010-29.12.2010 24.12.2010-20.12.2010 17.12.2010-13.12.2010 10.12.2010-6.12.2010 3.12.2010-29.11.2010 26.11.2010-22.11.2010 19.11.2010-15.11.2010 12.11.2010-8.11.2010 5.11.2010-2.11.2010 29.10.2010-25.10.2010 22.10.2010-18.10.2010 15.10.2010-11.10.2010 8.10.2010-4.10.2010

16th February

The Sterling (GBP) was weak but only fell gently over the day as the Pound found support through the EUR/GBP cross which came back to life moving sharply back to 0.8300. GBP/USD is falling to 1.5650 support and bears are targeting 1.5500 in coming sessions.

15th February

The Sterling (GBP) was on the back foot all day as the Moody’s negative watch on the cherished AAA rating of the UK reminded investors that the European crisis affects its close neighbor. Support is seen at 1.5600 and 1.55000 if the selloff continues.

14th February

The Sterling (GBP) the Moody warning added to the technical failure overnight and sent the GBP/USD back below 1.5700 at the time on writing with the focus back on the downside. The failure of the EUR/USD and the GBP/USD to break key resistances in the last week has threatened to halt the uptrend both have enjoyed lately.

13th February

The Sterling (GBP) was heavy on Friday pulling sharply back to Monday lows at 1.5730 before once again finding support. So far on Monday cable is nearly back to 1.5800. Resistance above 1.5900 proved too much for cable last week which moved sharply higher in the January. A successful Greece resolution could prompt a retest and move to 1.6000 a key level in 2011.


  Go to The Sterling (GBP) Archive