GBP Trading Outlook
The Sterling (GBP) the GBP/USD fell back to the lower 1.60’s with little news and activity given the US Traders away. Some attention was paid to BOE Dale comments that Q4 GDP will likely be a lot lower than the positive Q3 print. Looking ahead, October CBI Realized Sales forecast at 7 vs. 6 previously. Also ECB President Draghi speaks.
The Sterling (GBP) had a very quiet end to the week falling back to 1.6100 after finding resistance at 1.6140 twice. The flat US stocks hurt sentiment and prompted a small pullback but EUR/GBP selling supported again with the pair remaining just above the 0.8000. Looking ahead, German CPI forecast at 0.0% m/m.
Go to The Sterling (GBP) Archive