GBP Trading Outlook


 
22.5.2013-20.5.2013 17.5.2013-14.5.2013 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

27th July

26th July

The Sterling (GBP) the GBP/USD was smacked lower after Q2 GBP fell quicker than forecast at -0.7% vs. -0.3% forecast by economists. Bad weather was blamed but it is still very negative with the market selling GBP aggressively across the board. The EUR/GBP helped the EUR/USD rally and the important cross finished the day at 0.7840. GBP/USD fell to 1.5460 but had hit a day high of 1.5550 as the EUR/USD moved higher. Looking ahead, German GFK Consumer Sentiment is forecast at 5.8 in August.

25th July

The Sterling (GBP) the GBP/USD remained very calm while the rest of the market swirled around it sticking to the 1.5500 level. EUR/GBP fell back below 0.7800 and found support at 0.7775. Looking ahead, July German IFO forecast at 104.7 vs. 105.3. UK Q2 Preliminary GDP forecast at -0.2% vs. -0.3% previously.

24th July

The Sterling (GBP) the GBP/USD was dragged lower to 1.5500 in the risk off environment with EUR/GBP actually rallying and the Pound underperforming the rest of the market. Traders believe this was just a technical correction and that the EUR/GBP should continue as the European Debt Crisis rolls on. Looking ahead, BBA Mortgage Approvals forecast at 31.4k vs. 30.2k previously. Also EU July Flash PMI forecast at 45.3 vs. 45.1 previously. EU July Flash Services PMI is forecast at 47.3 vs. 47.1 previously.

23th July

The Sterling (GBP) the EUR/GBP continued to fall under 0.7800 and helped to limit the losses the GBP/USD which fell from 1.5700 to 1.5600. The UK is looking like a safer place for investors to store their capital while the slow burning European crisis continues. Looking ahead, focus on the European Debt Crisis and Spanish and Italian Yields will continue. No major economic data released.


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