GBP Trading Outlook


 
16.5.2013-14.5.2013 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 December

The Sterling (GBP) the BOE held at 0.5% as widely expected and the GBP/USD flowed the Euro higher and then lower after the Draghi disappointment. EUR/GBP tested 0.8500 briefly at the height of the EUR/USD weakness but this level held and we saw a small bounce into the close. GBP/USD was able to hold above 1.5600 and will follow the Euro again today for movement.  Looking ahead, October Trade Balance forecast at -9.4bn vs. -9.8bn previously.

8th December

The Sterling (GBP) rallied in the US session as EUR/GBP selling supported. The BOE also meet tonight but this is likely to be a nonevent holding at 0.5% and no new announcements are expected. Traders will be watching the ECB meeting closely and will likely follow the lead of the EUR/USD for direction today. Looking ahead, BOE Rate Meeting 0.5% hold and QE at 275bn unchanged.

7th December

The Sterling (GBP) underperformed the Euro as the market bought EUR/GBP which had been under pressure recently. The GBP/USD is struggling above 1.5600 but is very quiet as are most of the markets ahead of the EU summit and ECB/BOE meetings on Thursday. Halifax HPI fell -0.9% vs. 0.0% forecast m/m. Looking ahead, October Industrial Output forecast at -0.3% vs. 0% previously m/m.

6th December

The Sterling (GBP) did well rallying with the Euro early in the day and then not falling aggressively with the S&P news as the EUR/GBP fell instead. EUR/GBP is looking to test lower towards the key 0.8500 support as the debt crisis hurts the Euro more than its neighbor in the UK. Looking ahead, November Halifax HPI forecast at 0.0% vs. 1.2% m/m.

5th December

The Sterling (GBP) GBP/USD struggled more than most falling back to below 1.5600 by the end of the close on concern the BOE may increase the asset purchase program at this week’s rate meeting and the USD strength post NFP on Friday. Looking ahead, November PMI services forecast at 50.5 vs. 51.3 previously.


  Go to The Sterling (GBP) Archive