The British Pound (GBP) is firm on Tuesday morning; we have some second tier data from the CBI to look out for today but it is events tomorrow that will provide direction for the next leg in Sterling. Technical levels will be of importance through the course of today as traders position themselves accordingly.

April 1,2014

The British Pound (GBP) is firm on Monday morning thanks to the boost afforded by UK retail figures on Friday. We consider the latest predictions on where the currency could be headed today and later this week. Key event risks are the Bank of England MPC minutes release and employment data on Wednesday.

April 7,2014

The British Pound (GBP) has rallied on the global foreign exchange markets as UK retail sales shatter expectations reinforcing the view that the uptrend is likely to stay intact.

April 4,2014

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