GBP Trading Outlook


 
22.4.2014-22.4.2014 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

11th January

The Sterling (GBP) was rescued by the sharp EUR/USD rally to climb away from the 1.6000 support. GBP/JPY buying also supported and we moved above 1.6150 in the US session. The BOE held at 0.5% and kept QE at 375bn as widely expected. Looking ahead, UK November Industrial Orders forecast 0.8% vs. -0.8% m/m. 

10th January

The Sterling (GBP) is under heavy selling pressure lately as trader’s price in more easing form the BOE in 2013. The BOE meet tonight and are unlikely to move on rates or the size of their Asset purchase program at this meeting. Support was found at 1.6000 overnight but the rebound has been weak so far. Looking ahead, ECB Rate meeting forecast to hold at 0.75%. BOE Rate meeting forecast to hold at 0.5%.

9th January

The Sterling (GBP) Cable was on the back foot with the Euro falling down below 1.6050 before support was found and we stabilized just above the support. GBP/JPY selling added to weight overnight as we broke below Y140. Looking ahead, UK November Trade Balance forecast at 9bn vs. 9.5bn previously. November Germany Industrial Output forecast 1% vs. -2.6% previously.

8th January

The Sterling (GBP) GBP/USD took advantage of the Dollar weakness grinding back above 1.6100 and is well positioned to test higher now the market has stabilized. December Halifax gained 1.3% vs. 0% forecast m/m. Looking ahead, German November Trade Balance forecast at 15 vs. 15.2bn previously. November Industrial Orders forecast at -1.4% vs. 3.9% previously

7th January

The Sterling (GBP) underperformed the Euro with the EUR/GBP grinding higher but the general theme was the same with selling early in the day and a relief rally late in the US session. The outlook for 2013 will be greatly affected by the new BOE Governor Carney from Canada and whether the market is ready to test the US FED on its monetary policy outlook. Looking ahead, December Halifax House Price forecast at 0 vs. 1 previously.


  Go to The Sterling (GBP) Archive