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 - Nov 14, 2010

Written By : ForexAbode.com || 2010-11-14 00:00:00 GMT

Current 1.6114 Trend:Correction during Uptrend. Outlook:Bullish but with slow momentum initially. Some sideways move/downward correction. Fundamentals (Recent economic releases): 1. UK: RICS House Price Balance data release quite negative as compared to the previous release as well as the forecasts. 2. UK: Manufacturing sector reports generally were negative. 3. UK: Trade Balance data negative. 4.

GBP/USD Weekly Outlook - Oct 30, 2010

Written By : ForexAbode.com || 2010-11-07 00:00:00 GMT

1. UK: Purchasing Managers' Index for manufacturing better as compared to the previous release as well as the forecasts. 2. UK: PMI Construction report negative as compared to the previous release as well as the forecasts. 3. UK: PMI for Services data positive as compared to the previous release as well as the forecasts. 4. UK Producer price Index data for Input and Output generally positive. 5.

GBP/USD Weekly Outlook - Oct 30, 2010

Written By : ForexAbode.com || 2010-10-30 00:00:00 GMT

Current 1.6038 Trend:Up. Outlook:Bullish but with slow momentum initially/Some sideways move. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: GDP preliminary releases showed better data as compared with the forecasts. 2.

GBP/USD Weekly Outlook - Oct 24, 2010

Written By : ForexAbode.com || 2010-10-24 00:00:00 GMT

1. UK: U.K. economic growth slowed in the third quarter to a third of the pace in the previous three months as consumer spending faltered, a survey of economists showed. 2. UK: Public Sector Net Borrowing (Sep) release - negative as compared to the previous release as well as the forecasts. 3.

GBP/USD Weekly Outlook - Oct 17, 2010

Written By : ForexAbode.com || 2010-10-17 00:00:00 GMT

Current 1.5991 Trend:Up Outlook:Bullish but with slow momentum initially/Some Downward correction. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Goods Trade Balance data negative as compared to the previous release as well as the forecasts. 2.

GBP/USD Weekly Outlook - Oct 10, 2010

Written By : ForexAbode.com || 2010-10-10 00:00:00 GMT

Current 1.5958 Trend:Up Outlook:Bullish with Some move initially. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: PMI Construction data release for September positive as compared to previous release as well as the forecasts. 2. UK: PMI data for services better as compared to the previous release. 3.

GBP/USD Weekly Outlook - Oct 03, 2010

Written By : ForexAbode.com || 2010-10-03 00:00:00 GMT

Current 1.5819 Trend: Up Outlook: Bullish with Some move initially. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Bank of England policy maker Andrew Sentance said U.K. interest rate should be raised soon and the increases should be gradual. 2. UK: BBA Mortgage Approvals data negative as compared to previous data as well as expectations. 3.

GBP/USD Weekly Outlook - Oct 03, 2010

Written By : ForexAbode.com || 2010-10-03 00:00:00 GMT

Current 1.5819 Trend: Up Outlook: Bullish with Some move initially. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Bank of England policy maker Andrew Sentance said U.K. interest rate should be raised soon and the increases should be gradual. 2. UK: BBA Mortgage Approvals data negative as compared to previous data as well as expectations. 3.

GBP/USD Weekly Outlook - Sep 26, 2010

Written By : ForexAbode.com || 2010-09-26 00:00:00 GMT

Current 1.5825 Outlook:Bullish with Some move initially. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Bank of England policy maker Andrew Sentance said U.K. interest rate should be raised soon and the increases should be gradual. 2.

GBP/USD Weekly Outlook - Sep 19, 2010

Written By : ForexAbode.com || 2010-09-19 00:00:00 GMT

Current 1.5632 Outlook:Volatile sideways with some more upward move in coming days.. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: UK jobless claims increased in August for the first time in seven months 2. UK: UK housing market fell more than economists expected. 3.

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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