The British Pound (GBP) is in charge on Friday and from the insights we have garnered so far we would expect more of the same for today. However, month-end flows could work against the UK currency. Stay in touch.
The British Pound (GBP) exchange rate complex is now being driven by external factors and today could see further declines against the US dollar but gains against the Euro. Could the BoE delay a hike to weaken sterling?
The British Pound (GBP) has come off the boil against the majors on Wednesday morning with shallow pull-backs being noted. Support remains firm ahead of today's GDP data release which will dominate the calendar.
The British Pound (GBP) will continue to be heavily influenced by order-driven and technical trading considerations in the current vacuum of UK data; we consider the latest views and forecasts as to where the UK currency is likely to head next.
The pound sterling (GBP) was sold on Friday afternoon after a good morning's trade. Monday sees a soft start however general consensus for the time being suggest the UK currency will likely remain supported in a week of little data or event risk.
The pound sterling (GBP) will be under scrutiny at 09:30 on Friday as the ONS release their monthly retail sales figures. We believe that the data will have to significantly beat expectations to drive aggressive buying. All suggestions though point to further consolidation in the UK currency.
The British pound (GBP) is mixed on Thursday morning having staged a decent comeback through the course of Wednesday's trading session. Traders will keep an eye on the important technical levels driving sterling while the Vodafone / Verizon deal should prompt some further support for GBP/USD.