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GBP/USD Forecast October 27-31

For a second straight week, the British pound showed movement but was unchanged over the week. The pair closed at 1.6084. There are 7 events on the schedule. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD.

British Retail Sales and manufacturing data disappointed, but GDP matched the forecast. In the US, data was generally positive, with jobless claims and inflation holding on. However, New Homes Sales slumped in September.

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GBP/USD Forecast Sep. 29-Oct. 3

GBP/USD Forecast Sep. 29-Oct. 3

The British pound ended the week with slight losses, as GBP/USD closed the week at 1.6234. This week’s key events are Current Account and the PMI releases. Here is an outlook on the major events moving the yen and an updated technical analysis for GBP/USD. It was an uneventful week for the handful of British releases, which met expectations. [&hellip

GBP/USD Forecast Sep. 1-5

GBP/USD Forecast Sep. 1-5

The British pound remained on low ground, licking its wounds. The new month offers a very busy calendar, with the rate decision and PMIs standing out. Can cable recover? Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. BBA mortgage approvals dropped to 42.8K, below expectations while [&hellip

GBP/USD Forecast July 28-Aug.1

GBP/USD Forecast July 28-Aug.1

GBP/USD took a tumble last week, as the pound coughed up over a 100 points and slipped below the 1.70 level. The pair closed the week at 1.6964. This week’s highlight is Manufacturing PMI. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. British releases were positive last week, led by GDP which posted a strong [&hellip

GBP/USD Forecast June 30-July 4

GBP/USD Forecast June 30-July 4

GBP/USD was unchanged this week, as the pair continues to trade above the 1.70 level. The pair closed the week at 1.7019. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US GDP for Q1 shocked the markets with a decline [&hellip

GBP/USD Outlook June 2-6

GBP/USD Outlook June 2-6

GBP/USD lost 80 points on the week, as the pair closed at 1.6752. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US Unemployment Claims bounced back with a strong release, and consumer confidence continues to trade at high levels. However, GDP surprised [&hellip

GBP/USD Outlook April 28-May 2

GBP/USD Outlook April 28-May 2

GBP/USD had an uneventful week and was practically unchanged. The pair closed the week just shy of the 1.68 line. This week’s highlights are Preliminary GDP and Construction and Manufacturing PMIs. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. In the UK, Retail Sales sagged in March but [&hellip

GBP/USD Outlook Mar 31-Apr 4

GBP/USD Outlook Mar 31-Apr 4

GBP/USD reversed directions last week, gaining 140 points. The pair closed the week at 1.6636. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US Unemployment Claims and GDP looked solid last week, but housing numbers failed to meet expectations. In the UK, CPI [&hellip

GBP/USD Outlook March 3-7

GBP/USD Outlook March 3-7

GBP/USD reversed directions last week, posting gains of 100 points. The pair closed the week slightly above the 1.66 line. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US releases continue to sputter, as GDP missed the estimate and Unemployment Claims were higher [&hellip

GBP/USD Outlook Jan. 27-31

GBP/USD Outlook Jan. 27-31

GBP/USD posted modest gains last week. The pair climbed close to the 1.67 line last week, but was unable to consolidate at these levels and closed the week at 1.6477. This week’s highlight is Preliminary GDP. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US Unemployment Claims enjoyed another good [&hellip

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