GBP Trading Outlook


 
24.4.2014-22.4.2014 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

21th September

The Sterling (GBP) the GBP/USD outperformed other pairs holding at 1.6180 on the downside before returning to 1.6220 in the US Session. Crosses supported the major with EUR/GBP falling briefly below 0.8000. Looking ahead, BoE Governor King Speaks.

20th September

The Sterling (GBP) the MPC minutes released overnight showed more QE was on the cards from the UK central bank if needed. The GBP/USD fell but found support under 1.6200 and this highlighted the strength the Pound is receiving lately. A bigger pullback would still help the GBP/USD continue higher if buyers were given a better level to re-enter. Looking ahead, September European Flash Manufacturing PMI forecast at 45.5 vs. 45.1 previously. Flash Services PMI was forecast at 47.5 vs. 47.2 previously.

19th September

The Sterling (GBP) the GBP/USD held gains against the USD and gained across the other currencies as the outperformance continued. EUR/GBP fell to 0.8030 and is eyeing a retest of the 0.8000 level. GBP/JPY back at Y128 and will be looking retest the critical Y130 level. Looking ahead, September UK MPC forecast at 9-0 unchanged. 

18th September

The Sterling (GBP) the GPD/USD outperformed other majors gaining on the day even as stocks fell in the US session. The move above 1.6250 mean the EUR/GBP fell back to 0.8060 and could retest 0.8000 if the Euro rally falters. Looking ahead, August CPI forecast at 2.5% vs. 2.6% previously. Also August Retail Price index forecast at 3.1% vs. 3.2% previously.

17th September

The Sterling (GBP) GBP/USD broke above 1.6200 as the strength continued but were not matching the gains of the EUR/USD so the EUR/GBP hit new rally highs above 0.8100. Ongoing ‘risk on’ trade is likely to see the GBP/USD push even higher. Looking ahead, EU Current account forecast at 10.9bn vs. 12.7bn previously.


  Go to The Sterling (GBP) Archive