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: pair lacks drivers to rise

Written By : liteforex || 2013-08-09 11:31:12 GMT

GBP/USD: pair lacks drivers to rise 1. Current trend of GBP/USD Since Wednesday the pair GBP/USD has been testing key resistance level at 1.5550, but isn’t able to consolidate above it. Pair lacks the drivers to rise. Today’s data on trade balance didn’t help it either. Market reacts feebly to the decrease of deficit rate down to -8.1 billion pounds, the pair stays around key level of 1.5550. 2.

GBP/USD - Will The Upward Movement Sustain?

Written By : forexabode || 2013-08-04 02:09:45 GMT

GBP/USD's recent strong jump raises question about the the overall outlook which has been for deeper consolidations.

GBP/USD Weekly Outlook - Aug 04, 2013

Written By : ForexAbode.com || 2013-08-04 00:00:00 GMT

British Pound - US Dollar (GBP/USD) Moved as indicated during the last weekend and fell not only to 1.5171 but to as low as 1.5102. The support came 32 pips above the mentioned 1.5070. The currency pair jumped up very strongly from 1.5102 to go as high as 1.5308 before closing for the week at 1.5290. The strong support and the substantial gains, thereafter, indicate the possibilities for further gains.

GBP/USD's Struggle Against 200-Day Moving Average

Written By : forexabode || 2013-07-28 01:35:26 GMT

For GBP/USD the resistances of the 61.8% retracement and 200-day moving average were joining the forces as we had mentioned in this chart alert during the last weekend. The pair ultimately broke both these resistances by moving as high as 1.5435 but the current price action is still struggling around these resistances.

GBP/USD Weekly Outlook - Jul 28, 2013

Written By : ForexAbode.com || 2013-07-28 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved as high as 1.5435, which was 31 pips above the resistance of 1.5404 mentioned by us during the last weekend.

GBP/USD At 200-Day Moving Average

Written By : forexabode || 2013-07-22 22:36:19 GMT

GBP/USD touched 1.5384 and found some resistance to get back to 1.5360.

GBP/USD Weekly Outlook - Jul 21, 2013

Written By : ForexAbode.com || 2013-07-21 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved as we had indicated during last weekend and did not even touched 1.5266 but went 16 pips above it to 1.5282 before closing exactly at 1.5266 for the week. By touching a.5282 the currency pair has completed the 50% retracement of its fall from 1.5751 to 1.4813.

Will GBP/USD Sustain The Upward Climb?

Written By : forexabode || 2013-07-20 23:32:41 GMT

After some struggle against the 55-day EMA, GBP/USD ultimately broke that resistance and closed above it.

Why We Stay Bearish For GBP/USD?

Written By : forexabode || 2013-07-14 01:25:10 GMT

First time in March 2013 and then over a month back we had mentioned that the previous support has turned into resistance for GBP/USD. Please check this alert for GBPUSD to check on the same. As we had indicated in the above alert, the resistance had worked again and another fall took place from there.

GBP/USD Weekly Outlook - Jul 14, 2013

Written By : ForexAbode.com || 2013-07-14 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved as we had indicated 2 weeks back but the support came 43 pips above the mentioned 1.4770. The currency pair jumped very strongly from 1.4813 to go as high as 1.5222 before closing for the week at 1.5076. Strong upward jump makes a case for further upward consolidation even though the overall outlook stays bearish for GBPUSD.

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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