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 - Oct 05, 2013

Written By : ForexAbode.com || 2013-10-05 00:00:00 GMT

British Pound - US Dollar (GBP/USD) had broken over the resistance of 1.6200 which we had indicated 2 weeks back. The currency pair had gone as high as 1.6260 but then fell sharply after some sideways moves. The fall took the pair to 1.6006 before a bearish closing at 1.6009. During last 4 years the price action has been in a triangle formation till a break below that took place in February 2013.

GBP/USD Weekly Outlook - Sep 20, 2013

Written By : ForexAbode.com || 2013-09-20 00:00:00 GMT

British Pound - US Dollar (GBP/USD) broke over the resistance zone of 1.5890 to 1.5940 which we had mentioned during the last weekend and then moved exactly as indicated during the last weeks outlook update. The resistance came in the indicated resistance zone of 1.6155 to 1.6179 and the currency pair fell to 1.5986 after touching 1.6163. The price closed for the week at 1.6006.

GBP/USD Weekly Outlook - Sep 14, 2013

Written By : ForexAbode.com || 2013-09-14 00:00:00 GMT

British Pound - US Dollar (GBP/USD) broke over 1.5717 and then moved as we had indicated during the last weekend. The pair went 7 pips above the indicated 1.5878 before closing for the week at 1.5875. The price action of GBP/USD clearly shows the underlying bullish outlook. This outlook is also fueled by the break over the 61.8% retracement of the fall from 1.6381 to 1.4813.

GBP/USD - What To Expect Part 2

Written By : himanshu || 2013-09-13 22:45:18 GMT

GBP/USD moved exactly as we had predicted in our previous chart alert titled GBP/USD - What to Expect?.

GBP/USD - What To Expect?

Written By : himanshu || 2013-09-10 05:14:13 GMT

The week started with positive note for both GBP/USD and EUR/USD. The strong positive correlation between these two currency pairs had gone haywire recently when EUR/USD fell while GBP/USD started moving up. This was expected to come to normal as we had indicated during the beginning of the last week. This week started with a positive Sentix Investor Confidence report for Euro.

GBP/USD Weekly Outlook - Sep 08, 2013

Written By : ForexAbode.com || 2013-09-08 00:00:00 GMT

British Pound - US Dollar (GBP/USD) had found support just over 1.5422 which was indicated by us two weeks back. The currency pair then moved up to 1.5681 before closing for the week at 1.5633. The recent resistance at 1.5717 had come well ahead of the June 17's 1.5751. The currency pair, since then, has been moving in a sideways pattern.

Misaligned Movement of GBP/USD and EUR/USD - Forex Chart Alert

Written By : forexabode || 2013-09-03 08:55:02 GMT

EUR/USD and GBP/USD generally have a very strong positive correlation. During the past one year it has been + 0.82. During past week it changed to -0.50. You may check it on our weekly update correlation tool pages i.e. EUR/USD correlation or GBP/USD correlation. This week the negative trend has become stronger.

GBP/USD Weekly Outlook - Aug 25, 2013

Written By : ForexAbode.com || 2013-08-25 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved up strongly, once again, and went as high as 1.5717. The currency pair then dipped to 1.5539 before closing for the week at 1.5568. The strong resistance well ahead of the expected 1.5751 neutralizes the bullish outlook for GBP/USD though the slight support well over the psychological 1.5500 level still do not indicate a topping.

GBP/USD Weekly Outlook - Aug 18, 2013

Written By : ForexAbode.com || 2013-08-18 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved up strongly, once again, and went as high as 1.5657 before closing for the week at 1.5626. The break over 1.5606 combined with the strong upward momentum keep the bullish sentiments in place and we expect further upward gains. However, as mentioned during the last weekend also that we will be cautious near 1.5751. We still expect that this level may prove to be critical and may bring another fall.

GBP/USD Weekly Outlook - Aug 11, 2013

Written By : ForexAbode.com || 2013-08-11 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved up strongly and went as high as 1.5574. We had indicated a strong resistance near 1.5600 during last weekend. The resistance came at 1.5574 before the currency pair closed for the week exactly at 1.5500. Further gains cannot be ignored with such a strong upward jump and with the break over the psychological 1.5500 level. However, please note that the pair is again near a strong resistance zone.

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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