GBP Trading Outlook


 
15.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 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

1st March

The Sterling (GBP) the GBP/USD was quiet but well supported by EUR/GBP selling which fell back to 0.8600 by the end of the trading day. Cable has been grinding higher and testing 1.5200 twice this week and a third attempt may see the struggling Pound get some rare topside momentum. Looking ahead, February PMI manufacturing forecast at 51 vs. 50.8 previously. Looking ahead, mortgage approvals forecast at 56.5 vs. 55.8. February EU PMI forecast at 47.8 vs. 47.8 previously. 

28th February

The Sterling (GBP) GBP/USD was range bound consolidating recent losses but unable to track the other risk assets higher. GBP/JPY was the main support and broke above Y140 in Asia today after the Bernanke led Yen selloff. Looking ahead, February German Unemployment Change forecast at -5 vs. -16. February Unemployment Rate forecast at 6.8% vs. 6.8% previously. 

27th February

The Sterling (GBP) was sold as the downtrend resumed with some very dovish comments from BOE members such as Tucker’s ‘I hope we will think about whether there are constraints to setting negative interest rates’. GBP/JPY is under heavy selling pressure back under Y140 and searching for support. Looking ahead, Q4 GDP forecast at -0.3% vs. -0.3% previously. 

26th February

The Sterling (GBP) defied gravity rallying as EUR/GBP slumped through 0.8600 in the Asian session Tuesday from the lofty 0.8800 level early Monday morning with the market caught heavily long. The recent selloff on the GBP/USD hit fresh lows yesterday on the AAA rating downgrade. Looking ahead, CBI Distributive Trades forecast at 16 vs. 17 previously.  

25th February

The Sterling (GBP) was in the spotlight as rating agency Moody’s cut its AAA rating to AA1 stable. The reaction so far negative may lead to a rally with the cut widely anticipated and sell the rumor buy the fact a game often played with such announcements. This could play out if the UK government or BOE come out with hawkish comments or plans to reclaim its AAA rating sometime in the future. Looking ahead, ECB Weidmann Speaks.


  Go to The Sterling (GBP) Archive