The British Pound (GBP) continues to consolidate its position on global exchange rate markets with the near-term outlook for major pound exchange rates soft ahead of tomorrow's retail figures. We are however seeing good gains against the Australian dollar today.

April 3,2014

The British Pound (GBP) saw further volatility on Wednesday. However, currency markets were being heavily dictated to by the US dollar at - USD strength came following news that two of the more hawkish Fed officials reaffirmed their determination to stick with the tapering of asset purchases at the US Federal Reserve.

April 2,2014

The British Pound (GBP) took a hefty beating on Monday as a sell-off started on Friday snowballed as more traders saw positions stopped out of the market. Flows were also to blame with reports of unusually heavy Euro / Pound buying. All eyes are now firmly on Tuesday's UK inflation release.

April 1,2014

The British Pound (GBP) is seeing a fresh onslaught of selling pressure on Monday morning as the sell-off sparked on Friday morning continues. Forecasters are warning that further Sterling strength is predicted.

April 7,2014

The British Pound (GBP) is in the red on Friday morning - a strong mid-week rally has entered a period of consolidation as Sterling buyers run out of steam. We forecast the GBP to consolidate and even lose ground as we head into the weekend.

April 4,2014

The British Pound continues to dominate the forex market on Thursday; Sterling was further underpinned at mid-day when the Bank of England told markets it was keeping policy and forward guidance unchanged. Driving the GBP/EUR higher was a bearish sounding ECB press conference - it seems that the ECB will consider pursuing a policy of easing in 2014 - a scenario that is unfriendly to the euro.

April 3,2014