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 Weekly Outlook - Jun 23, 2012

Written By : ForexAbode.com || 2012-06-23 00:00:00 GMT

1. UK (GBP): Rightmove House Price Index: Year on year change 2.4% against the previous 2.0%. The month on month change was 1% against the previous 0%. 2. UK (GBP): Core Consumer Price Index: Year on year change 2.2% was same as the forecasts and slightly better than the previous 2.1%. 3. UK (GBP): Consumer Price Index: Year on year change 2.8%, negative as compared to the forecasts as well as the previous 3.0%.

GBP/USD Weekly Outlook - Jun 03, 2012

Written By : ForexAbode.com || 2012-06-03 00:00:00 GMT

1. UK (GBP): Mortgage Approvals: 51.823K, positive as compared to the forecasts (50.100K) as well as the previous (51.067K). 2. UK (GBP): Consumer Credit: GBP 0.3B, slightly better than the forecasts of GBP 0.2B but quite less than the previous 0.7B British Pounds. 3. UK (GBP): Net Lending to Individuals: Month on month change of GBP 1.4B was better than the consensus of 1.2B GBP but less than the previous 1.7B Pounds. 4.

GBP/USD Weekly Outlook - May 27, 2012

Written By : ForexAbode.com || 2012-05-27 00:00:00 GMT

1. UK (GBP): Rightmove House Price Index (YoY): 2.0% against the previous 3.4%. 2. UK (GBP): Consumer Price Index: Year on year change 3.0%, negative as compared to the forecasts (3.1%) as well as the previous 3.5%. Month on month change 0.6% was same as expected as and quite better than the previous 0.3%. The core CPI year on year change 2.1% was slightly better than the expected 2.0% but was less than the previous 2.5%. 3.

GBP/USD Weekly Outlook - May 12, 2012

Written By : ForexAbode.com || 2012-05-12 00:00:00 GMT

1. UK (GBP): RICS Housing Price Index: -19%, negative as compared to the forecasts as well as the previous -11%. 2. UK (GBP): Industrial Production: Year on year change was -2.6% and was same as expected but poorer as compared to the previous -2.3%. Same with month on month change. 3. UK (GBP): Manufacturing Production: Year on year change -0.9%, positive as compared to the forecasts (-1.3%) as well as the previous -1.5%.

GBP/USD Weekly Outlook - May 06, 2012

Written By : ForexAbode.com || 2012-05-06 00:00:00 GMT

1. UK (GBP): PMI - Manufacturing: 50.5, negative as compared to the forecasts (51.5) as well as the previous 51.9. 2. UK (GBP): Construction Spending (MoM): 0.1%, less than the expected 0.5% but better than the previous -1.1%. 3. UK (GBP): Mortgage Approvals: 49.860K, positive as compared to the forecasts (48.000K) as well as the previous (49.029K). 4. UK (GBP): M4 Money Supply (YoY): -5.0% against the previous -3.4%.

GBP/USD Weekly Outlook - Apr 28, 2012

Written By : ForexAbode.com || 2012-04-28 00:00:00 GMT

1. UK (GBP): Public Sector Net Borrowing: GBP 15.870B, negative as compared to the forecasts (GBP 14.400B) as well as the previous 9.938B Pounds. 2. UK (GBP): GDP (prelim): Year on year change 0.0%, negative as compared to the forecasts (0.3%) as well as the previous 0.5%. Month on month change -0.2% was slightly better than the previous -0.3% but less than the expected 0.1%. 3.

GBP/USD Weekly Outlook - Apr 21, 2012

Written By : ForexAbode.com || 2012-04-21 00:00:00 GMT

1. UK£: Rightmove House Price Index (MoM): 2.9% against the previous 1.6%. 2. UK£: Consumer Price Index: Year on year change 3.5% was same as the consensus and slightly more than the previous 3.4%. Month on month change 0.3% was same as the forecasts but quite less than the previous 0.6%. 3. UK£: Retail Price Index (YoY): 3.6%, same as the forecasts and slightly less than the previous 3.7%. 4.

GBP/USD Weekly Outlook - Apr 08, 2012

Written By : ForexAbode.com || 2012-04-08 00:00:00 GMT

1. UK: PMI for Manufacturing: 52.1, positive as compared to the forecasts (50.7) as well as the previous 51.5. 2. PMI Construction: 56.7, positive as compared to the forecasts (53.5) as well as the previous 54.3. 3. UK: PMI for Services: 55.3, positive as compared to the forecasts (53.4) as well as the previous 53.8. 4. UK: Industrial production: Year on year change of -2.3% was same as the consensus but better than the previous -4.0%.

GBP/USD Weekly Outlook - Apr 01, 2012

Written By : ForexAbode.com || 2012-04-01 00:00:00 GMT

1. GBP: Current Account (Q4): -8.451B pounds, positive as compared to the forecasts (GBP -8.500B) as well as the previous (-10.515 British pounds). 2. GBP: GDP: Year on year change 0.5%, negative as compared to the forecasts as well as the previous 0.7%. Same with month on month change which was -0.3% against the expectations and previous release of -0.2%. 3.

GBP/USD Weekly Outlook - Mar 25, 2012

Written By : ForexAbode.com || 2012-03-25 00:00:00 GMT

1. UK(£): Rightmove House Price Index: Year on year 2.2% against the previous 1.4%. Month on month change was 1.6% against the previous 4.1%. 2. UK(£): Consumer Price Index: Year-on-year 3.4% and hence slightly better than the forecasts (3.3%) but less than the previous 3.6%. Month on month change of 0.6% was better than both the expected 0.5% and previous -0.5%.

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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