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 - Oct 02, 2011

Written By : ForexAbode.com || 2011-10-02 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: CBI Distributive Trade Survey (MoM): -15%, same as the forecasts but slightly negative as compared to the previous -14%. 2. UK: Net Lending to Individuals: Pounds 0.6B and hence negative as compared to the previous release (0.bB) as well as forecasts (0.8B). 3. UK: Mortgage Approvals: 52.41K and positive as compared to the previous release (49.644K) as well as forecasts (49.50K). 4.

GBP/USD Weekly Outlook - Sep 25, 2011

Written By : ForexAbode.com || 2011-09-25 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Rigntmove House Price Index (YoY): 1.5% against previous -0.3%. 2. UK: Nationwide Consumer Confidence: 48, slightly better than the forecasts of 47 but less than the previous release of 49. 3. UK: Public Sector Net Borrowing: 13.151 Billion Pounds and quite positive as compared to the previous release (-1.96 B Pounds) as well as forecasts (11.300 B Pounds). 4.

GBP/USD Weekly Outlook - Sep 18, 2011

Written By : ForexAbode.com || 2011-09-18 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: RICS Housing Price Balance: -23, slightly negative as compared to the previous release (-22) as well as forecasts (-22). 2. UK: Goods Trade Balance: -8.922B Pounds, as compared to the previous release (-8.873B) as well as forecasts (-8.500B). 3. UK: Trade Balance (Non-EU): -5.505B Pounds, better than the previous -5.718B. 4.

GBP/USD Weekly Outlook - Sep 11, 2011

Written By : ForexAbode.com || 2011-09-11 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: PMI for Services at 51.1 - negative as compared to the previous release (55.4) as well as forecasts (54.3). 2. UK: Year on year Manufacturing Production 1.9%: same as the forecasts but less than the previous release of 2.1%. 3. UK: Year on year Industrial Production -0.7%: negative as compared to the previous release (-0.3%) as well as forecasts -0.6%). 4.

GBP/USD Weekly Outlook - Sep 04, 2011

Written By : ForexAbode.com || 2011-09-04 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Mortgage Approvals 49.23K - positive as compared to the previous release (49.50K) as well as forecasts (49.00K). 2. UK: Net Lending to Individuals Ponds 0.9B - Slightly less than the forecasts of 1.1B but quite better than the previous release of Pounds 0.4B. 3. UK: Gfk Consumer Confidence -31: same as the forecasts of -31 and slightly less than the previous release of -30. 4.

GBP/USD Weekly Outlook - Aug 28, 2011

Written By : ForexAbode.com || 2011-08-28 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Manufacturing Production (YoY): Negative as compared to the previous release as well as forecasts. 2. UK: Industrial Production (MoM): Negative as compared to the previous release as well as forecasts. 3. UK: Trade Balance (non-EU) and Goods trade balance data: Negative as compared to the previous release as well as forecasts. 4.

GBP/USD Weekly Outlook - Aug 14, 2011

Written By : ForexAbode.com || 2011-08-14 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Manufacturing Production (YoY): Negative as compared to the previous release as well as forecasts. 2. UK: Industrial Production (MoM): Negative as compared to the previous release as well as forecasts. 3. UK: Trade Balance (non-EU) and Goods trade balance data: Negative as compared to the previous release as well as forecasts. 4.

GBP/USD Weekly Outlook - Aug 07, 2011

Written By : ForexAbode.com || 2011-08-07 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Producer Price Index reports for both Input and Output for year on year and month on month- positive as compared to the previous release but generally same as the forecasts. 2. UK: PMI for Services (55.4)- positive as compared to the previous release (53.9) as well as forecasts (53.4). 3.

GBP/USD Weekly Outlook - Jul 31, 2011

Written By : ForexAbode.com || 2011-07-31 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: GDP Preliminary data- Year on year data negative as compared to the previous release as well as forecasts. QoQ data less than the previous release but same as the forecasts. 2. UK: gfk Consumer Confidence- negative as compared to the previous release as well as forecasts. 3. UK: Nationwide Housing Prices reports- positive as compared to the previous release as well as forecasts.

GBP/USD Weekly Outlook - Jul 24, 2011

Written By : ForexAbode.com || 2011-07-24 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Rightmove House price Index data for both MoM and YoY quite negative as compared to the previous release. 2. UK: retail Sales reports were positive as compared to the previous releases as well as forecasts. 3. UK: Public Sector Net Borrowing data - positive as compared to the previous release as well as forecasts. 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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