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GBP Trading Outlook


 
9.5.2012-7.5.2012 4.5.2012-30.4.2012 27.4.2012-23.4.2012 20.4.2012-16.4.2012 13.4.2012-9.4.2012 5.4.2012-2.4.2012 30.3.2012-27.3.2012 23.3.2012-19.3.2012 16.3.2012-12.3.2012 9.3.2012-5.3.2012 2.3.2012-27.2.2012 24.2.2012-20.2.2012 17.2.2012-13.2.2012 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

27th April

The Sterling (GBP) the GBP/USD was contained but very strong just under 1.6200. April CBI Distributive Trades were weaker than expected at -6 vs. -4 previously. The EUR/GBP fell to 0.8150 support after the Spanish downgrade but has not broken through the support. Also ahead, March German Import Prices forecast 0.9% vs. 1.0%.

26th April

The Sterling (GBP) fresh GBP/USD buying saw 1.6180 tested a few more times with the level yet to break but most seeing more gains as the uptrend continues. The EUR/GBP is struggling to make fresh lows as the EUR/USD plays catch up but we shall see in coming days whether 0.8200 can be reclaimed or 0.8150 will be retested. Also ahead, April CBI Distributive Trades forecast at -4 vs. 0 previously.

24th April

The Sterling (GBP) the GBP/USD continued to be the strongest risk currency in the market hardly pulling back at all and saw the pair close above 1.6100 and at new highs against the Euro. The market is looking to press higher with GBP/JPY buying quite strong and holding above Y130. Also ahead, March Public Sector Debt forecast at 14.4bn vs. 12.91bn previously

23th April

The Sterling (GBP) the GBP/USD rally extended on Friday kicking above 1.6100 and opens up 1.6500 this week with many seeing the downside over and all the GBP crosses moving technically higher. GBP/AUD moved above 1.5500. The EUR/GBP remained offered and closed under 0.8200 and is targeting the 0.8000 level going forward. Looking ahead, April German Manufacturing PMI forecast at 49 vs. 48.4 previously. Also ahead, Eurozone Manufacturing PMI forecast at 48 vs. 47.7 previously.


  Go to The Sterling (GBP) Archive