GBP/USD - Analysis, Outlook and Forecasts

GBP/USD (British Pound - US Dollar) outlook and forecast is presented by the team of ForexAbode's analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of GBP/USD. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.

The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price data which may span many years and have a longer-term view. This is also supported by our very popular chart alerts.

The weekly analysis includes the predictions for the next week's expected moves for the pound sterling and the US dollar. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term. Apart from the weekly forecasts we also update GBP/USD daily technical analysis which presents our views about the price-action from short-term perspective.

You may also like to check the following resources for trading GBP/USD:

GBP/USD Analysis - December 11, 2014

Written By : ForexAbode.com || 2014-12-11 03:46:43 GMT

Current Exchange Rate: 1.5669 at the time of analysis update. Intraday outlook: . As mentioned yesterday, GBP/USD could not break the expected resistance of 1.5765 and dropped from 1.5757. We expect further fall but will be cautious for a support in the range of 1.5629 to 1.5647. A break below 1.5629 should make GBP/USD to target 1.5555 first and then possibly 1.5500.

GBP/USD Analysis - December 10, 2014

Written By : ForexAbode.com || 2014-12-10 04:32:01 GMT

Current Exchange Rate: 1.5677 at the time of analysis update. Intraday outlook: . The support at 1.5541 was nothing but a psychological support of 1.5500 level. The Greece financial crisis is once again on the horizon and that is negative for the GBP also. If any break over 1.5726 takes palce then some more upward correction can not be overruled, however, in such case also we expect a very strong resistance below 1.5765.

GBP/USD Outlook - September 28 to October 3, 2014

Written By : ForexAbode.com || 2014-09-27 20:26:13 GMT

GBP/USD tried to inch up initially but failed at 1.6416 and dropped to 1.6238 before closing for the week at 1.6250. Fundamental Facts UK: The economic releases from the U.K, during September, indicate a mixed outlook. Positives Production: Year-over-year industrial production rose to 1.7% in July against the previous month's 1.2%.

GBP/USD Fundamental Analysis & Economic Strength Meter - August 17, 2014

Written By : ForexAbode.com || 2014-08-17 04:44:44 GMT

The GBP/USD fundamental analysis is updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news. The GBP/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and the U.S., which may affect the relative strength of British pound versus U.S.

GBP/USD Outlook - August 11 to 15, 2014

Written By : ForexAbode.com || 2014-08-10 01:53:47 GMT

GBP/USD tried to recover initially during the last week but failed at 1.6889 and dropped further to 1.6767 before closing for the week at 1.6775. There is no change in the bearish outlook which had come into the picture after the currency pair had broken below the expected support of 1.7042.

GBP/USD Fundamental Analysis & Economic Strength Meter - August 9, 2014

Written By : ForexAbode.com || 2014-08-08 21:29:18 GMT

The GBP/USD fundamental analysis is updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news. The GBP/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and the U.S., which may affect the relative strength of British pound versus U.S.

GBP/USD Analysis - August 7, 2014

Written By : ForexAbode.com || 2014-08-07 05:52:59 GMT

Current Exchange Rate: 1.6839 at the time of analysis update. Intraday outlook: . GBP/USD lost the downward momentum after touching 1.6810. Some more upward correction is now expected but as of now there are no clear indications of that. The currency pair has been range bounded for past 5 trading days.

GBP/USD Outlook - Week of August 4th, 2014

Written By : ForexAbode.com || 2014-08-03 05:48:01 GMT

GBP/USD continued the downward momentum and touched 1.6813 before closing for the week at 1.6821.   The important point to note that the week fundamental reports from the U.S. on Friday completely failed to weaken the US dollar against the British pound.   The break of 1.7042 support had already brought in the bearish outlook in the picture.

GBP/USD Fundamental Analysis & Economic Strength Meter - August 2, 2014

Written By : ForexAbode.com || 2014-08-01 18:01:42 GMT

The GBP/USD fundamental analysis is updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news. The GBP/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and the U.S., which may affect the relative strength of British pound versus U.S.

GBP/USD Weekly Outlook - July 28 to August 1, 2014

Written By : ForexAbode.com || 2014-07-27 02:37:40 GMT

GBP/USD continued its fall and went as low as 1.6961 before closing for the week at 1.6978.   Last to last week's brief break of 1.7042 support was the first indication for some extended decline. As we have been mentioning that GBP/USD's break over 1.7042 was a major milestone which had confirmed that the pair may be entering into a bullish trend.

Interest rate difference of GBP and USD

GBP to USD Interest Rates Comparison
(For Carry Trade)
Pound sterling (GBP) interest rate
0.50%
US dollar (USD) interest rate
0.25%
GBP/USD interest rate comparison
0.25%

 

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