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 Analysis - July 11, 2014

Written By : ForexAbode.com || 2014-07-11 04:13:22 GMT

Current Exchange Rate: 1.7144 at the time of analysis update. Intraday outlook: Neutral . The price-action is completely range bound below 1.7182 and practically above 1.7100, though there have been two slight break below this level but the low has been 1.7085.

GBP/USD Fundamentals and Economic Strength Meter - July 6, 2014

Written By : ForexAbode.com || 2014-07-07 06:08:16 GMT

The GBP/USD fundamentals are updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news. The GBP/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and the U.S., which may affect the relative strength of British pound versus U.S.

GBP/USD Weekly Outlook - July 7 to 11, 2014

Written By : ForexAbode.com || 2014-07-05 20:25:52 GMT

GBPUSD went as high as 1.7180 before losing some of the upward momentum with very narrow range of daily open and close prices. The currency pair closed for the week at 1.7159. The recent highlight was the break above 1.7042. Since the heavy fall during the global economic turmoil of 2008/2009, the price action has been staying below 1.7042, which was the high of the recovery.

GBP/USD Fundamentals and Economic Strength Meter - Feb 16, 2014

Written By : ForexAbode.com || 2014-07-04 19:32:55 GMT

The GBP/USD fundamentals are updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news. The GBP/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and the U.S., which may affect the relative strength of British pound versus U.S.

GBP/USD Analysis - June 19, 2014

Written By : ForexAbode.com || 2014-06-19 06:19:11 GMT

Current Exchange Rate: 1.7029 at the time of analysis update. Intraday outlook:  After yesterday's update when we had indicated that downward pressure was more, the currency pair had gone down to 1.6917 but recovered strongly since the. GBP/USD touched has 1.7034 as of now.

GBP/USD Analysis - June 18, 2014

Written By : ForexAbode.com || 2014-06-18 05:55:48 GMT

Current Exchange Rate: 1.6942 at the time of analysis update. Intraday outlook:  Some further downward consolidation can not be ruled out. However, as we had mentioned yesterday, the break over 1.6996 of May 6th suggests that the currency pair should go for some further gains. On the downside a support is expected at 1.6970. A break of that should find a stronger support in 1.6937/1.6945.

GBP/USD Analysis - June 17, 2014

Written By : ForexAbode.com || 2014-06-17 06:10:05 GMT

Current Exchange Rate: 1.6977 at the time of analysis update. Intraday outlook:  GBP/USD's Latest Analysis: The break over 1.6996 of May 6th and the recent support just over the 5-day EMA suggests that the currency pair should go for some further gains. The recent trading days saw a misalignment between GBP/USD and EUR/USD.

GBP/USD Weekly Outlook - May 26 to 30, 2014

Written By : ForexAbode.com || 2014-05-24 02:47:49 GMT

GBPUSD had recovered strongly to 1.6922 but the upward momentum could not sustain and the pair fell to 1.6813 before closing for the week at 1.6836.  The immediate outlook stays neutral for GBP/USD but if the price-action breaks below last week's low of 1.6802 then we would expect further downward consolidation.

GBP/USD Weekly Outlook - May 19 to 23, 2014

Written By : ForexAbode.com || 2014-05-18 02:09:19 GMT

GBPUSD dropped to 1.6731 before recovering to 1.6840 and finding resistance at 22-day EMA to close for the week at 1.6816. The strong fall before touching the psychological level of 1.7000 and much ahead of the resistance trend line of the mid-term price-action channel, as shown in the weekly chart, indicate bearish pressures.

GBP/USD Weekly Outlook - May 11, 2014

Written By : ForexAbode.com || 2014-05-11 02:20:53 GMT

GBPUSD went as high as 1.6996 and retreated ahead of 1.7000 to go as low as 1.6832 before closing for the week at 1.6854. The drop was a natural one considering the strong psychological level of 1.7000. The pair is currently testing the support of 22-day EMA and also the support trend line of the price action channel which is in place since the last week of March 2014.

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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