GBP Trading Outlook


 
16.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012 25.5.2012-21.5.2012 18.5.2012-14.5.2012 11.5.2012-7.5.2012 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

14th September

The Sterling (GBP) the weak USD has sent the GBP/USD to 1.6200 and we are looking for even more gains as the sentiment remains strong. The EUR/GBP is continuing to grind higher lately as the Euro recovery extends. The UK has its own QE program but with inflation higher than expected BOE member Broadbent see less scope for action. Looking ahead, August EU Inflation forecast at 0 vs. 0.6% previously

13th September

The Sterling (GBP) the Pound was supported by the EUR/USD rally and strong local data. August Unemployment claims fell 15k and is a positive sign for the job sector. The Unemployment rate increased however to 8.1% as more people returned to looking for a job. Looking ahead, Q3 Swiss Libor Rate forecast at 0.13%. 

12th September

The Sterling (GBP) GBP/USD lifted off the 1.6000 levels and rallied to 1.6080 tracking EUR/USD higher. UK data has been improving of late and yesterday’s Trade balance was no exception with the July figure dropping to -7.1bn vs. -9bn. Looking ahead, August German CPI forecast at 0.3% m/m. Also July EU Industrial Production is forecast at 0 vs. -0.6% previously. German Constitutional Court Decision. 

11th September

The Sterling (GBP) reversed back below 1.6000 as the lofty figure proved too much for the Pound given so many risk events on the horizon. The trend is still higher however so support is expected to be found shortly at either 1.5960 or 1.5920. GBP/JPY is struggling since Friday’s NFP and is hurting the outlook for the major. Looking ahead, July UK Trade Balance forecast at -8.9bn vs. -10.1bn previously.

10th September

The Sterling (GBP) the GBP/USD broke above 1.6000 but failed to keep up with the EUR/USD which meant the EUR/GBP leapt to 0.8000. The Pound has been enjoying a nice uptrend recently and we could see this continue as long as risk appetite remains upbeat. Looking ahead, September EU Sentix forecast at -30.7 vs. 30.3 previously


  Go to The Sterling (GBP) Archive