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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

13th April

The Japanese Yen (JPY) the USD/JPY edged slightly higher and then spiked higher in Early Asia on reports that North Korea had launched a missile. The missile failure and then the China GDP miss sent the crosses sharply lower dragging the major back under Y81.

12th April

The Sterling (GBP) the relief rally played out on the GBP/USD by consolidating above 1.5900. We are very close to 1.6000 and recent 2012 highs so this is causing buyers hesitation. GBP/JPY is slipping but EUR/GBP is pressuring the 0.8240 level and could break at any moment. Looking ahead, February Industrial Production forecast at -0.3% vs. 0.2% previously.

11th April

The Sterling (GBP) the GBP/USD fell back but found support in the lower 1.5800 region before reversing back with the support seen on the EUR/USD. The outlook is mixed but if EUR/GBP can break 0.8200 and move to the historical support at 0.8000 then the GBP/USD should be spared any large moves from European debt shocks. Update German March WPI at 0.9% vs. 1.0% previously.

10th April

The Sterling (GBP) GBP/USD grinded back above 1.5900 and is showing strength on GBP/JPY and EUR/GBP. The outlook is mixed with a EUR/USD slump likely to drag the GBP/USD lower while the upside is linked to risk appetite and the US/global recovery.Looking ahead, February Trade balance forecast at 13.6bn vs. 14.2bn previously.

9th April

The Sterling (GBP) ignored most of the post jobs movement falling against the GBP/JPY but gaining against most other currencies with solid support for the GBP/USD lately. Looking ahead, Most of Europe Closed for Easter Holiday.

  Go to The Sterling (GBP) Archive