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

The next big hurdle facing the British pound comes in the form of Thursday's Bank of England MPC decision and a host of analysts are expecting the MPC to communicate changes to the Bank's forward guidance policy.

March 10,2014

The British Pound (GBP) is firmer across the board on Wednesday, however event-risk is starting to rise with the ECB and BoE both due to deliver monetary policy decisions tomorrow.

April 2,2014

The British pound sterling (GBP) faces no major domestic events on Tuesday; however we will keep a keen eye on the important technical levels to determine whether the positive momentum behind the currency will continue.

April 1,2014

The British Pound Sterling (GBP) is on the back-foot on Monday morning with many analysts citing a corrective move lower being executed after a strong end to 2013. There is domestic data on tap at 09:30 in the form of Services PMI which, if positive, could afford GBP an element of support

April 7,2014