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 - Jul 17, 2011

Written By : ForexAbode.com || 2011-07-17 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Trade Balance and Goods Trade Balance reports - negative as compared to the previous releases as well as forecasts. 2. UK: Consumer Price Index YoY and MoM data- negative as compared to the previous releases as well as forecasts. 3. UK: Claimant Count Change report- negative as compared to the previous release as well as forecasts. 4.

GBP/USD Weekly Outlook - Jul 03, 2011

Written By : ForexAbode.com || 2011-07-03 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Total Business Investment (YoY) for Q1- Quite positive as compared to the forecasts but much less than the previous release. 2. UK: GDP (YoY) for Q1- positive as compared to the previous release but less than the forecasts. 3. UK GDP (QoQ) for Q1 - same as the forecasts i.e. 0.5% but far better than the previous release i.e. -0.5%. 4.

GBP/USD Weekly Outlook - Jun 26, 2011

Written By : ForexAbode.com || 2011-06-26 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Rightmove House Price Index (YoY) better than the previous release but MoM data was less than the previous release. 2. UK: Public Sector net Borrowing data was little less than the forecasts but much better than the previous release. 3. US: Existing Home Sales Change report- negative as compared to the previous release as well as forecasts.

GBP/USD Weekly Outlook - Jun 19, 2011

Written By : ForexAbode.com || 2011-06-19 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: RICS Housing Price Balance report - quite negative as compared to the previous release as well as forecasts. 2. UK: Retail Price Index (YoY) - slightly less than the forecasts but same as the previous release. 3. UK: Consumer Price Index (YoY) - at 4.5% the CPI (YoY) data same as the previous release as well as forecasts. 4.

GBP/USD Weekly Outlook - Jun 12, 2011

Written By : ForexAbode.com || 2011-06-12 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Trade Balance - non-EU and Goods Trade Balance reports positive as compared to the previous release as well as forecasts. 2. UK: All four reports for Industrial Production and Manufacturing Production were negative as compared to the previous release as well as forecasts. 3. US: Consumer Credit Change report positive as compared to the previous release as well as forecasts. 4.

GBP/USD Weekly Outlook - May 22, 2011

Written By : ForexAbode.com || 2011-05-22 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Consumer price Index and Core Consumer price Index reports quite positive as compared to the previous releases as well as forecasts. 2. UK: Claimant Count Rate report a little better as compared to the previous release as well as forecasts but Claimant Count Change data negative as compared to the previous release as well as forecasts. 3.

GBP/USD Weekly Outlook - May 15, 2011

Written By : ForexAbode.com || 2011-05-15 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: RICS House Price Balance report - negative as compared to the previous release as well as forecasts. 2. UK: Industrial production data (MoM) better than the previous release but less than the forecasts. The year on year report negative as compared to the previous release as well as forecasts. 3. US: Concerns being raised about balance of budget and fiscal instability. 4.

GBP/USD Weekly Outlook - May 08, 2011

Written By : ForexAbode.com || 2011-05-08 00:00:00 GMT

GBP/USD - Fundamentals (Recent economic releases): 1. UK: Annual input-price inflation accelerated to the fastest since September 2008 2. UK: PMI (Purchasing Managers Index) for manufacturing negative as compared to the previous release as well as forecasts. 3. UK: PMI (Purchasing Managers Index) for Services- negative as compared to the previous release as well as forecasts. 4.

GBP/USD Weekly Outlook - May 01, 2011

Written By : ForexAbode.com || 2011-05-01 00:00:00 GMT

1. UK: GDP Year on Year preliminary release same as forecasts and better than the previous release. 2. UK: GDP Quarter on Quarter preliminary release quite positive as compared to the previous release as well as forecasts. 3. UK: Gfk Consumer Confidence data negative as compared to the previous release as well as forecasts. 4. US: The Dollar Index slipped 0.1 percent to 73, extending its monthly decline to 3.8 percent 5.

GBP/USD Weekly Outlook - Nov 28, 2010

Written By : ForexAbode.com || 2010-11-28 00:00:00 GMT

Current 1.5587 Trend:Correction during Uptrend. Outlook: More downward correction. Fundamentals (Recent economic releases): 1. UK: Tensions between North Korea and South Korea after North Korea's shelling of North Korean island. Any increased tension will have a negative effect for growth linked currencies or currencies for more risk appetite. 2.

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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