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 - Sep 05, 2010

Written By : ForexAbode.com || 2010-09-05 00:00:00 GMT

Current 1.5452 Outlook:More upward correction expected. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: U.K. services growth slowed more than economists forecast in August. 2. UK: Deputy Governor Charles Bean said on Aug.

GBP/USD Weekly Outlook - Aug 14, 2010

Written By : ForexAbode.com || 2010-08-14 00:00:00 GMT

Current 1.5590 Outlook:Trend:More downward correction expected.More downward correction expected. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: RICS House Prices Balance release quite negative as compared to the previous release as well as the expectations. 2.

GBP/USD Weekly Outlook - Aug 08, 2010

Written By : ForexAbode.com || 2010-08-08 00:00:00 GMT

Current 1.5942 Trend:Slowdown during Uptrend. Outlook:Volatile sideways with some downward correction expected. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, swung into profit for the first time since 2007 2.

GBP/USD Weekly Outlook - Aug 01, 2010

Written By : ForexAbode.com || 2010-08-01 00:00:00 GMT

Current 1.5688 Trend:Slowdown during Uptrend. Outlook:Volatile sideways with some downward correction expected. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Gfk Consumer Confidence data negative as compared to previous results as well as expectations. 2. UK: Investors are betting that Prime Minister David Cameron’s plans to slash the U.K.

GBP/USD Weekly Outlook - Jul 25, 2010

Written By : ForexAbode.com || 2010-07-25 00:00:00 GMT

Current 1.5423 Trend:Slowdown during Uptrend. Outlook:Volatile sideways with some downward correction expected. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: GDP Preliminary releases quite positive as compared to previous release and expectations. 2. UK: Retails Sales (MoM- Month on Month) data better than expectations but less than previous release. 3.

GBP/USD Weekly Outlook - Jul 18, 2010

Written By : ForexAbode.com || 2010-07-18 00:00:00 GMT

Current 1.5299 Trend:Uptrend. Outlook:Little Downward correction then up. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Nationwide Consumer Confidence data negative as compared to the expectations and previous release. 2. UK: Jobless Claims Change data positive as compared to the expectations and previous release. 3.

GBP/USD Weekly Outlook - Jul 11, 2010

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

Current 1.5064 Trend:Loss of momentum during uptrend.. Outlook:Downward correction. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Producer prices unexpectedly dropped in June for the first time in 1 1/2 years. 2. UK: Industrial Production release positive. 3.

GBP/USD Weekly Outlook - Jun 27, 2010

Written By : ForexAbode.com || 2010-06-27 00:00:00 GMT

Current 1.5059 Trend:Uptrend. Outlook:Up. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Optimism that an emergency budget announced June 22 by Chancellor of the Exchequer George Osborne would cut the nation’s deficit and enable Britain to keep its top credit rating. 2.

GBP/USD Weekly Outlook - Jun 20, 2010

Written By : ForexAbode.com || 2010-06-20 00:00:00 GMT

Current 1.4822 Trend:Volatile sideways during downtrend. Outlook:Sideways with bearish outlook. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: Manufacturing releases showed negative results as compared to previous and expectations. 2. UK: PPI (Producer Price Index) releases positive of Inputs (buying prices) but negative for Outputs (selling prices). 3.

GBP/USD Weekly Outlook - Jun 13, 2010

Written By : ForexAbode.com || 2010-06-13 00:00:00 GMT

Current 1.4451 Trend:Volatile sideways during downtrend. Outlook:Sideways with bearish outlook. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals (Recent economic releases): 1. UK: UK: British economy expanded 0.6% in the quarter through May. 2. UK: Total trade balance less than previous release and expectations. 3. UK: Manufacturing data negative. 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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