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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

5th April

The Sterling (GBP) the GBP/USD fell back for a second day in Europe but then took advantage of the EUR/GBP weakness to gain back its losses on Cable. The GBP/USD was the strongest currency in the market only two days ago as it recent government budget suggests it has it spending in check.Looking ahead, BOE Rate announcement forecast to hold at 0.5% and no QE expansion.

4th April

The Sterling (GBP) disappointed the buyers who had bought above 1.6000 with the strong USD reversing the Pound back to 1.5900 and we could pull back further if the USD strength persists into the European session today. With the fresh high in place buyers will be cautious buyers this time around although GBP/JPY is still showing signs of strength and EUR/GBP is still pressuring 0.8300 support. Looking ahead,EU February Retail Sales forecast at 0.0% vs. 0.3% previously. Also German Industrial Orders forecast at 1.2% vs. -2.7% previously. Also, ECB Rate meeting tonight forecast to hold at 1.0% but focus on press conference afterwards.

3rd April

The Sterling (GBP) the GBP/USD broke above 1.6000 once again and this time closed above the key level with the UK manufacturing survey avoiding the Eurozone slowdown to print a 52.1 vs. 51.6 previously. Looking ahead, February PPI forecast at 0.5% vs. 0.7% m/m. March Construction PMI forecast at 53.5 vs. 54.3 previously.

2nd April

The Sterling (GBP) the GBP/USD broke 1.6000 in a bullish move going into European trade on Friday but failed to hold the level into the weekend as profit taking and USD strength dragged the major lower. GBP/JPY stuck between Y130 and Y133 and looking to break above higher if stocks continue to rally. Looking ahead, March EU PMI forecast at 48.1 and UK PMI forecast at 50.7 vs. 51.2 previously.


  Go to The Sterling (GBP) Archive