GBP Trading Outlook


 
20.5.2013-20.5.2013 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 1.6.2012-28.5.2012 25.5.2012-21.5.2012 18.5.2012-14.5.2012 11.5.2012-7.5.2012 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

9th March

The Sterling (GBP) the GBP/USD rallied but at a slower pace than most majors with EUR/GBP buying weighing on the Pound. The BOE held rates at 0.5% and kept Asset Purchase Program at 325bn as widely expected. The outlook will depend on the stock market and general risk appetite but has a good chance to test higher with the mood improving dramatically overnight. Looking ahead, UK January Industrial Output forecast at 0.3% vs. 0.5% previously. Also German Trade Balance forecast at 13.5bn vs. 13.9bn previously.

8th March

The Sterling (GBP) the GBP/USD moved higher but only gently with the BOE today with also an announcement on the currency Asset purchase program. The EUR/GBP is still very quiet at 0.8350 and the GBP/AUD recent rally against the struggling Aussie failed ahead of 1.5000. Looking ahead, ECB rate meeting forecast to hold at 1.0%. BOE Rate Meeting Forecast to hold at 0.5%.

7th March

The Sterling (GBP) fell in sympathy with the Euro with the EUR/GBP cross remaining dead flat suggesting traders happy to let the Euro lead up to the major event risk tomorrow. Halifax House Prices fell -0.5% in February for a -1.9% annual race. Looking ahead, German Industrial Orders forecast at 0.5% vs. 1.7% previously.

6th March

The Sterling (GBP) dipped into European session but was supported under 1.5800 on two attempts before rallying above 1.58500. The EUR/GBP has been under pressure and the GBP buying through this cross has been a constant source of support in last week. The market is looking to resume its uptrend with or without the Euro and so the EUR/GBP is being closely watched for signs of GBP independence. Looking ahead, EU Q4 GDP forecast at -0.3% Q/Q. Also, UK Halifax House Prices are forecast at 0.3% vs. 0.6% previously.

5th March

The Sterling (GBP) even the resurgent GBP/USD could not avoid the selloff seen across most markets on Friday with the topside attempts abandoned and we saw a pullback to 1.5850. Most still look for a 1.6000 attempt but the EUR/USD is struggling in last two days.


  Go to The Sterling (GBP) Archive