GBP Trading Outlook


 
23.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 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

22th February

The Sterling (GBP) broke lower going into in the start of the European session with GBP/USD hitting new trend lows at 1.5125 before rebounding sharply to 1.5260 as EUR/GBP selling. The outlook is very weak for the GBP/USD and selling rallies remains the preferred way to gain from the strong downtrend. Looking ahead, February German IFO Business Climate forecast at 105 vs. 104.2 previously.

21th February

The Sterling (GBP) fell sharply for most of the day down over 200 pips and hitting 1.5200 in the Asian session so far. The market was already bearish on the Pound and the change in risk sentiment has added to the selloff. GBP/JPY and GBP/AUD and EUR/GBP are all threatening new lows against their respective currencies. UK Unemployment Rate increased to 7.8% vs. 7.7% previously. Looking ahead, France Manufacturing Survey forecast at 44.5 vs. 43.6. German Manufacturing forecast at 55.5 vs. 55.7 previously. February EU manufacturing forecast at 49 vs. 48.6.

19th February

The Sterling (GBP) Fresh trend lows where seen on Cable at 1.5440 before we bounced back to 1.5460 in quiet US session trade. The market is selling the Pound on expectations of further easing from the BOE and comments from Waele over the weekend confirmed this sentiment when stated the GBP had further to fall to balance the UK economy. Looking ahead, February German ZEW Survey forecast at 35 vs. 31.5 previously.

18th February

. The Sterling (GBP) Heavy GBP/USD selling was seen after terrible January Retail Sales at -0.6% vs. 0.5% forecast m/m. The 1.5500 level was broken and we fell to fresh trend lows at 1.5460 before recovering back to the 1.5500 figure for the close. The market has turned extremely bearish with 1.5000 the medium term trend target. Looking ahead, Eurozone Current Account forecast at 14.8bn previously. ECB President Draghi Speaks.


  Go to The Sterling (GBP) Archive