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 - Mar 11, 2012

Written By : ForexAbode.com || 2012-03-11 00:00:00 GMT

1. UK (£): PMI for Services: 53.8, negative as compared to the forecasts (54.8) as well as the previous 56.0. 2. UK (£): Industrial Production: Year on year -3.8%, negative as compared to the forecast as well as the previous release of -3.1%. Month on month data was -0.4% against the expectations of 0.3% and previous 0.4%. 3.

GBP/USD Weekly Outlook - Mar 03, 2012

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

1. UK (£): Gfk Consumer Confidence: -29, same as the previous release but negative as compared to the expectations of -27. 2. UK (£): Consumer Credit: 1.8B Pounds, quite positive as compared to the forecasts (GBP 0.2B) as well as the previous 0.9B Pounds. 3. UK (£): Mortgage Approvals: 58.728K, positive as compared to the forecast (53.700K) as well as the previous 55.019K. 4.

GBP/USD Weekly Outlook - Mar 02, 2012

Written By : ForexAbode.com || 2012-03-02 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%.

GBP/USD Weekly Outlook - Feb 19, 2012

Written By : ForexAbode.com || 2012-02-19 00:00:00 GMT

1. UK (£): RICS Housing Price Balance: 4 against the previous 3. 2. UK (£): CPI: Month on month -0.5% was same as the forecasts but quite less than the previous 0.4%. The year on year data 3.6% was same as the expected but again less than the previous 4.2% same with the Core CPI (YoY) which was 2.6% against the previous 3.0%. 3.

GBP/USD Weekly Outlook - Feb 12, 2012

Written By : ForexAbode.com || 2012-02-12 00:00:00 GMT

1. UK: Halifax House Prices: 3 month/Year data was -1.8%, better than the forecasts of -2.1% but negative against the previous -1.3%. Month on month 0.6% was positive against the forecast of 0.1% as well as the previous -1.0%. 2. UK: Goods Trade Balance: GBP -7.111B, positive as compared to the forecasts (GBP -8.600B) as well as the previous -8.900 Pounds. 3.

GBP/USD Weekly Outlook - Feb 04, 2012

Written By : ForexAbode.com || 2012-02-04 00:00:00 GMT

1. UK: Gfk Consumer Confidence: -29, positive as compared to the forecast (-32) as well as the previous -33. 2. UK: Net Lending to Individuals (MoM): 0.7B Pounds, slightly negative as compared to the forecasts of GBP 0.8B but slightly better than the previous 0.6B Pounds. 3. UK: PMI for Manufacturing: 52.1, positive as compared to the forecast (49.8) as well as the previous release (49.7). 4.

GBP/USD Weekly Outlook - Jan 28, 2012

Written By : ForexAbode.com || 2012-01-28 00:00:00 GMT

1. UK: Public Sector Net Borrowing: 10.791B Pounds, positive as compared to the forecast (Pounds 12.2B) as well as the previous release (GBP 15.085). 2. UK: BBA Mortgage Approvals: 36.2K, positive as compared to the forecasts (35.3K) as well as the previous (34.7K). 3. UK: GDP (QoQ) -prelim: -0.2%, negative as compared to the forecast (-0.1%) as well as the previous (0.6%). 4.

GBP/USD Weekly Outlook - Jan 21, 2012

Written By : ForexAbode.com || 2012-01-21 00:00:00 GMT

1. UK: Rightmove House Price Index (YoY): 0.4% against the previous 1.5%. 2. UK: CPI: YoY 4.2%, same as the forecast but less than the previous 4.8%. The month on month data 0.4% was as per the forecasts but more than the previous 0.2%. 3. UK: Core CPI (YoY): 3.0%, same as the forecast but little less than the previous 3.2%. 4. UK: CB Leading Indicator Index: -0.6% against the previous -0.3%. 5.

GBP/USD Weekly Outlook - Jan 14, 2012

Written By : ForexAbode.com || 2012-01-14 00:00:00 GMT

1. UK: Industrial Production (YoY): -3.1%, negative as compared to the forecasts (-2.2%) as well as the previous release (-2.1%). 2. UK: Manufacturing Production (YoY): -0.6%, negative as compared to the forecasts (-0.5%) as well as the previous release (-0.1%). 3. UK: NIESR GDP Estimate: 0.1% against the previous 0.3%. 4. UK: PPI Input (YoY): 8.7%, negative as compared to the forecasts (9.1%) as well as the previous release (13.6%).

GBP/USD Weekly Outlook - Jan 08, 2012

Written By : ForexAbode.com || 2012-01-08 00:00:00 GMT

1. UK: PMI for Manufacturing: 49.6, positive as compared to the forecasts (47.3) as well as the previous release (47.7). 2. UK: Mortgage Approvals: 52.845K, positive as compared to the forecasts (52.800K) as well as the previous release (52.786K). 3. UK: Consumer Credit: Pounds 0.4B, positive as compared to the forecasts (0.3B Pounds) as well as the previous release (GBP 0.1B). 4.

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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