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 - Jun 06, 2010

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

Current 1.4450 Trend:Volatile sideways during downtrend. Outlook: Short-term upward correction. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals: 1. UK: Consumer confidence unexpectedly dropped to a 5-months’ low in May (releases of last to last week) otherwise no market driving economic releases during previous week. 2. US: ISM (Manufacturing) release better than expectations. 3.

GBP/USD Weekly Outlook - May 23, 2010

Written By : ForexAbode.com || 2010-05-23 00:00:00 GMT

Current 1.4478 Trend:Volatile sideways during downtrend. Outlook:Bearish. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals: 1. UK: Concerns that U.K. coalition government may struggle to reduce Britain’s budget deficit, which is over 11 percent of GDP and is the biggest in the Group of Seven nations. 2. UK: CPI (Consumer Price Index) releases better than expected. 3.

GBP/USD Weekly Outlook - May 16, 2010

Written By : ForexAbode.com || 2010-05-16 00:00:00 GMT

Current 1.4534 Trend:Down. Outlook:Bearish. Please refer daily charts and not short-term charts e.g. hourly charts. Fundamentals: 1. UK: The British election failed to produce a clear winner to form a new government. The first election since 1974 that failed to produce a majority. 2. UK: Manufacturing sector results have been good. 3. UK: Average earning and jobless claims releases were positive. 4.

GBP/USD Weekly Outlook - May 09, 2010

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

Current 1.4796 Trend:Down. Outlook:Bearish. Please note the following: 1) UK: The British election failed to produce a clear winner to form a new government. The first election since 1974 that failed to produce a majority. 2) UK: House prices fell in April from a month earlier as supply is more than the demand. 3) UK: Producer Price Index for outputs increased. 4) UK: Lending to individuals went down.

GBP/USD Weekly Outlook - May 02, 2010

Written By : ForexAbode.com || 2010-05-02 00:00:00 GMT

Current 1.5275 Trend:Weak downtrend. Outlook:Sideways possibilities of a drop. Please note the following: 1) UK: Political uncertainties remain a concern. 2) UK: Consumer spending remains weak. 3) UK: Retail sales down and less than expected.

GBP/USD Weekly Outlook - Apr 25, 2010

Written By : ForexAbode.com || 2010-04-25 00:00:00 GMT

Current 1.5377 Trend:Slowing Uptrend. Outlook:Sideways possibilities of a drop. Please note the following: 1) UK: Political uncertainties remain. 2) UK: GDP reports not good.. 3) UK: Retail sales dropped.

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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