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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

20th April

The Sterling (GBP) the GBP/USD consolidated the move above 1.6000 and this is good technically for the bulls hoping to push higher still. A close this week above the level will help the GBP/USD rally toward 1.6200 in the short term. Looking ahead, April German Business IFO forecast at 109.5 vs. 109.8 previously. Also ahead, UK March Retail Sales forecast at 0.5% vs. -0.8% m/m.

19th April

The Sterling (GBP) the main mover in the markets Wednesday as we saw GBP/USD break above 1.6000 after the MPC minutes showed those members looking to increase the UK Asset Purchase program (printing money) had decreased to only 1 in the April MPC Meeting. EUR/GBP finally broke 0.8200 after weeks of teasing the level. Looking ahead, Spanish 10 year Bond Auction.

18th April

The Sterling (GBP) the GBP/USD roared back to life with the buyers given the green light to push the major back above 1.5950. The 1.6000 is now the target and although we traded above the level only a few weeks ago we failed to hold it after the market mood soured. EUR/GBP is still sitting at the lower 0.8200 region and testing the patience of those looking for a break lower. Looking ahead, April BOE Meeting Minutes forecast at 9-0. Also UK February Unemployment Rate forecast at 8.4.

17th April

The Sterling (GBP) struggled to take advantage of the EUR/USD short squeeze with the EUR/GBP also moving higher which capped the major’s gains. The Outlook is for more range trading and potential downside if the situation in Spain deteriorates rapidly. Looking ahead, German April ZEW Survey forecast at 20 vs. 22.3 previously.

16th April

The Sterling (GBP) the GBP/USD was not immune to the safe haven flows of USD buying and we saw a move to 1.5850. EUR/GBP has broken 0.8230 and is grinding to 0.8200 taking advantage of the Euro weakness to make a push at the critical level. March PPI came in hot at 4.1% vs. 3.6% forecast y/y. Looking ahead, February Trade Balance forecast at 18bn vs. 20.2bn previously.

  Go to The Sterling (GBP) Archive