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Market Oracle FREE Newsletter

Category: British Pound

The analysis published under this category are as follows.

Currencies

Monday, May 15, 2017

GBP/CHF: Short-term Weakness Should be Followed by Resumption of Bull Trend / Currencies / British Pound

By: MarketsToday

The larger pattern in the GBP/CHF remains bullish given the following:

  • Decisive breakout of Head and Shoulders Bottom and also breakout above the 200-day exponential moving average (ema) occurred four weeks ago. (Note: Pattern is not perfect with right shoulder noticeably lower than left. But valid nonetheless given reaction of price following breakout above neckline and 200-day ema.)
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Currencies

Monday, October 10, 2016

UK and Forex Markets – Trading in GBP / Currencies / British Pound

By: ....

Forex (short for foreign exchange) trading is a speculative option that has increased in attractiveness over the past few years. Forex brokers offer trading that comes free of commission, and with the chance of making massive gains. It's easy to get going with trading, and forex markets do not have the same negative reputation as some other markets, such as binary options.

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Currencies

Friday, October 07, 2016

Sterling Flash Crash Last Night? / Currencies / British Pound

By: Marty_Chenard

Remember flash crashes?

Well, one showed up last night with the Sterling dropping about 10% and then recouping to about a 2% drop.

Here is the question ... Was it really a flash crash or a real exodus out of the Sterling? (In other words, was it a computer trading issue or a trader issue?)

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Currencies

Friday, October 07, 2016

British Pound Sterling Flash Crash and the Rise of Machine Intelligence (AI) / Currencies / British Pound

By: Nadeem_Walayat

Apparently a computer algorithm (dumb AI) crashed sterling during the night, dropping it by about 10% before it mostly recovered but still remains 2% down from where it started. Whilst the media is focused on which person or group of persons could be behind the flash crash, however all are failing to comprehend the bigger picture of what this and other flash crashes represent, computer algorithms / AI's with the ability to bring our civilisation to a juddering halt literally within minutes as my forth coming series of videos on AI mega-trend investing will seek to illuminate how to profit form, because dumb AI's will within a matter of a few short years be starting to exceed human intelligence.

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Currencies

Wednesday, June 29, 2016

Is the British Pound Poised to Crash to $1.20? - Video / Currencies / British Pound

By: Mario_Innecco

hi Wednesday jun 29th 2016 here at home of alternative
economics and contrarian views just a little update on the financial markets and the pound sterling
I or the british pound it's a 22 5 p.m. here in London and the pound is
rebounded fairly well from the lows we saw a couple of days ago
just below 130 - I think the lower its one-thirty one-twenty just wanted and
also we're seeing the stock market's rebound quite well I've been thousands
of another 200 points today we're like 17,600 the footsie as well with around
62 6300 so there seems to be a lot of complacency at the moment despite this
Breck's it to a vote you know a few days ago it was the end.

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Currencies

Monday, June 27, 2016

British Pound BrExit Crash Wins Britain Currency War! / Currencies / British Pound

By: Nadeem_Walayat

The mainstream press is in a state of hysteria, panic even following the plunge in the British Pound from a Thursday night high of £/$1.50 to currently stand at £/$ 1.32. Whilst yes the 12% downwards plunge from £/$1.50 is in forex markets terms HUGE, a move not seen the likes of for many decades that takes the dollar exchange rate down to levels last seen in 1985. Nevertheless the mainstream press has missed one fundamental fact for the obvious reason that they just DO NOT understand the financial markets and what the market movements actually mean or translate into.

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Currencies

Thursday, June 23, 2016

Does BREXIT Matter? Outlook for Sterling / Currencies / British Pound

By: Marc_Horn

This I want to use as an example of MWA so you can get a feel of how and why.....in my previous article I said BREXIT and your vote is only an illusion.
The overview last 3 pivots of same fractal - don't worry you will get to see them - they will become pretty obvious with practice and application of the rules and theory. The green ML is the target for a healthy wave 1 on the next smaller fractal. Failure to reach ML with break of MLL is weakness and the target then becomes SP to the high MLL or WL-1. The break is confirmed with a break of the lowest pivot or highest pivot depending on the trend.

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Currencies

Wednesday, June 01, 2016

British Pound Climb Continues Despite Brexit Anxiety Driving GDP Growth to Lowest in Years / Currencies / British Pound

By: AnyOption

While the Pound has recently shrugged off a further tapering in the economy, Brexit fears continue to define the economic climate as evidenced by decelerating household spending and falling business investment.  As the vote draws nearer, the economic data is likely to show that the anxiety is becoming more acute, with an even deeper pullback in fundamental activity anticipated.  Current forecasts are showing growth retreating even further to a 0.30% pace for the second quarter, a figure that could easily be lower based on the sluggish attitude of consumers and businesses as they await the outcome.  In the meantime, the Pound continues to be sensitive to the polling, with expectations of a “Bremain” vote driving the Pound higher, despite the obvious risks to the outlook that could sharply reverse the existing momentum.

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Currencies

Monday, May 23, 2016

Can The British Pound Turn Around? / Currencies / British Pound

By: Richard_Cox

Broad trends in currency markets have been somewhat subdued for most of the year.  There are few different reasons to explain why we are seeing this type of activity but it is important to look ahead in order to determine which factors are likely to present themselves during the second half of this year.  Most of the recent activity has been centered on the Federal Reserve and monetary policy implications for the US Dollar.  But when we are looking for oversold currencies that are basing themselves for strongly bullish runs, one of the best options in the market just might be the British Pound (GBP).

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Currencies

Tuesday, April 26, 2016

Britain's Prospects: GBP and BREXIT - MAP Wave Analysis / Currencies / British Pound

By: Marc_Horn

This  base chart is readily available on the internet and I cannot find a source for it so, can't vouch for its accuracy suffice to say it follows MWA and MAP wave count which is beyond coincidence, and is an excellent demonstration of the fractal nature of waves!  This highlights how context to analysis is gained and the importance of data for analysis.

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Currencies

Tuesday, April 19, 2016

British Pound Caught In Strong Trading Range / Currencies / British Pound

By: Richard_Cox

Currency markets have had some difficulty in establishing trends for most of the year, and this has made it harder for traders to establish a strong stance when dealing with the majors.  The Euro, US Dollar, and the Japanese Yen have all shown themselves to be clear examples of this but when we look at recent activity in the British Pound it is looking as though some different conclusions can be drawn.

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Currencies

Wednesday, March 23, 2016

GBP/USD - Currency Bears in Charge / Currencies / British Pound

By: Nadia_Simmons

Earlier today, official data showed that the U.K. rate of consumer price inflation increased by 0.3% in Feb, missing analysts' forecasts. Additionally, although month-over-month consumer prices rose by 0.2% in the previous month, the data disappointed market participants, which pushed GBP/USD under 1.4300. How low could the pair go in the coming days?

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Currencies

Friday, March 18, 2016

GBPJPY And EURGBP Elliott Wave Analysis / Currencies / British Pound

By: Gregor_Horvat

GBPJPY

On the intraday chart of GBPUSD, we are looking at a possible three wave structure, labeled as A-B-C, that started from recent highs at 164.098 region, and is now trading midway through it's completion in wave B. That said wave B could be near finished, as price is unfolding near 61.8 fibo. ratio measured from wave A highs. The ideal turning point into lower levels would then be around 161-162.40 area.

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Currencies

Wednesday, February 24, 2016

Boris Johnson Crashes British Pound or Wins Currency War? Video / Currencies / British Pound

By: Nadeem_Walayat

According to the mainstream media Boris Johnson's declaration to campaign for Britain to leave the European Union has triggered market panic head lines right across the mainstream press spectrum that demonstrates the magnitude of the depth of their ignorance of markets from the likes of the BBC, to Channel 4 News to the myriad of dieing broadsheet publications such as the FT, all in unison propagating headlines such as 'Boris Johnson Causes a Run on the Pound' that followed a 3 cent dip against the US Dollar on rising BrExit fears as though this was catastrophically bad news, though conveniently ignoring the fact that the FTSE actually closed higher on the so called BrExit panic Monday.

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Currencies

Monday, February 22, 2016

British Pound BrExit Plunge Press Panic! FACT: Helps Britain WIN Currency War! / Currencies / British Pound

By: Nadeem_Walayat

The mainstream press today illustrated the magnitude of the depth of their ignorance of the markets as right across the spectrum from the likes of the BBC, to Channel 4 News to the myriad of dieing broadsheet publications such as the FT, all in unison propagated headlines such as a 'Boris Johnson Causes a Run on the Pound' following a 3 cent dip against the US Dollar on rising BrExit fears as though this was catastrophically bad news, one of panic, though conveniently ignoring the fact that the FTSE closed higher on so called BrExit Panic day.

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Currencies

Thursday, February 11, 2016

British Pound Rising Despite Negative Data / Currencies / British Pound

By: MBM_Research

Trends in many of the financial markets have started to reverse course over the last few weeks with a few notable examples that have yet to be fully discussed.  Some of the more closely watched examples here include things like gold and oil, which have come off sharply from their recent lows.  But there are other examples that should be on the radar of UK traders, as the British Pound (GBP) is making some interesting reversals in its own right. 

Read full article... Read full article...

 


Currencies

Friday, January 29, 2016

GBP-USD Stuck Between Bulls And Bears / Currencies / British Pound

By: Gregor_Horvat

Correction completed or no? That's the question I am wondering while looking at GBPUSD. Firstly I assumed that we will see higher corrective for blue wave 4-cricled, because of the degree that I am tracking on a daily chart. I thought we may even see 1.4560 level, but todays decline put some doubt in that view. That said, I prepared two wave counts now, and will be ready to go with the bearish one if we get a daily close beneath 1.4172. Then I would look for a retest of 1.4080 early in February. But until then wave four can still reach higher levels with sub-wave C) if consider possible flat now in wave B). This is now time for patience, as battle between bulls and bears appears undecided.

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Currencies

Tuesday, January 12, 2016

British Pound: a Harbinger of Global Financial Mayhem - Video / Currencies / British Pound

By: Mario_Innecco

Transcript Excerpt: January 12 2016 Tuesday afternoon here in london 330 London time or 1030 New
York Times just a quick video on the british Pounds British Pound is part of
the SDR basket and I spoke earlier late last year when the Chinese you one was
admitted into the SDR basket that the pound took the brunt of the hey don't
exactly remember the percentage in percentage terms how much the British
Pound lost in terms of the SDR basket to put a link to that video below at the
time though I said it should be bad for the pound and lo and behold the pound
continues to drop by is getting precipitous at the moment in my opinion
you know all the talk is about emerging market currencies devaluing the you want
to value when but you hardly ever hear anything here in the UK the mainstream
that are British Pound is actually being stealthy and that can't be good for our

Read full article... Read full article...

 


Currencies

Wednesday, January 06, 2016

GBPUSD And Natural Gas Elliott Wave Analysis / Currencies / British Pound

By: Gregor_Horvat

GBPUSD

GBPUSD is at new low so obviously wave 4 is already completed at 1.4815 with another sharp correction. We see current price in wave 5, final leg within an extended wave 3) that can be underway towards 1.4550 area where we see some Fibonacci ratios that can act as a support. That said, traders must be aware of turn up into a new corrective rally as we approach end of the week.

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Currencies

Sunday, November 29, 2015

GBP British Pound Likely to Rally Against Euro / Currencies / British Pound

By: Richard_Cox

The EUR/GBP is often a neglected pair when we look at activity in the currency markets, as alternatives like the GBP/USD and the EUR/USD tend to receive most of the market headlines.  But there are some potentially significant implications for the current activity that is being witnessed in the EUR/GBP, and this sets up some interesting trading possibilities for forex traders in these areas.

Read full article... Read full article...

 


Currencies

Saturday, November 21, 2015

GBP Sterling's 180 Turn / Currencies / British Pound

By: Ashraf_Laidi

Is it finally catching up with GBP? The British pound defied gravity during most of the week, shrugging disappointing figures on inflation, retail sales and the CBI trend survey. A somewhat hawkish speech by BoE MPC member Ben Broadbent on Wednesday may have been among the causes behind the gains. The pound even managed to rally against the US dollar on Tuesday and Wednesday ahead of an expectedly hawkish set of FOMC minutes. Eventually, GBP saw the peak on Thursday evening with GBPUSD giving up at the near confluence of the 55-DMA and 200-DMAs at $1.5312 and $1.5336. Unfortunately, our short GBPUSD trade in the Premium Insights (opened on Nov 6) was stopped out at $1.5330, only 6 pips below the high of the week. After that, GBPUSD shed 1.5 cent to settle near $1.5200.

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Currencies

Saturday, October 24, 2015

GBP/JPY Setting Up For Potential Failure / Currencies / British Pound

By: Richard_Cox

For the most part, financial markets have stabilized this year as volatility has slowed and overall risk aversion has been largely absent.  These types of trends can have a significant impact on sentiment and the ways that specific asset types are traded, so it is critical for market traders to have a sense of where we stand in terms of generalized uncertainty.   This is especially true for forex traders, as there tends to be higher levels of short-term positioning seen in those markets.

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Currencies

Friday, October 23, 2015

GBP/USD Tests Last Week's High / Currencies / British Pound

By: Nadia_Simmons

Earlier today, official data showed that British retail sales increased by 1.9% in the previous month, beating forecasts for a gain of 0.3%. Additionally, year-on-year, retail sales rose by 6.5% in September, above expectations for a 4.8% gain. On top of that, core retail sales (without automobile sales) jumped 1.7% last month also beating forecasts for a 0.3% increase. Thanks to these bullish numbers GBP/USD rebounded sharply and climbed to the last week's high. Will we see higher values of the exchange rate in the coming days?

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Currencies

Thursday, October 15, 2015

GBPAUD: More Gains Are In Sight / Currencies / British Pound

By: Gregor_Horvat

We have seen deep three wave decline in on GBPAUD from August highs that can be now coming to an end after recent nice turn up from 2.0785 area. Notice that there was a triangle in wave (B) so recent leg down must be wave (C) final wave within a corrective move. That said, our view is bullish now, so be aware of more gains ahead, especially after 2.1305 is broken. We are tracking this one for longs.

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Currencies

Wednesday, September 23, 2015

GBP Basing For New Rally? / Currencies / British Pound

By: Richard_Cox

This year, we have seen a large amount of weakness and selling pressure that has been directed as the British Pound (GBP).  There have been a few different explanations for why this has been the case, as the policy trajectory is still largely unclear with respect to the stated policy stance exhibited by the Bank of England. 

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Currencies

Tuesday, August 18, 2015

UK CPI and GBPUSD vs TWI Divergence / Currencies / British Pound

By: Ashraf_Laidi

Sterling hit fresh 2-month highs as UK inflation improved in July, with headline CPI edging up to 0.1% y/y from June's 0.0%, and beating the Bank of England's 0.0%. The notable increase was in core CPI, which rose to a 5-month high of 1.2% vs expectations of 0.9% and a June reading of 0.8%.

Read full article... Read full article...

 


Currencies

Tuesday, July 21, 2015

British Pound Still Rallying Against Swiss Franc / Currencies / British Pound

By: Richard_Cox

Forex markets have posted some significant trends so far in 2015.  But when we look at the overall value of the British Pound (GBP), the comparisons are generally made against either the Euro or the US Dollar.  There is a strong basis for this fact, as both of these currencies see much larger trading volumes than some of the other selections that are available in the currency markets. 

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Currencies

Monday, June 29, 2015

GBP: Battle of the Central Banks / Currencies / British Pound

By: Richard_Cox

Since the beginning of April, we have seen some relatively strong upside moves in the British Pound (GBP).  For many, these moves were surprising, given the massive declines that were posted by the currency in 2014.  But all of us with experience in the financial markets know that no single trend can last forever, no matter how strong the technical or fundamental basis for the initial reasoning.  This turned out to be the case for the GBP over the last few weeks and we have now seen the GBP/USD overcome important psychological levels just above the 1.5750 mark.

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Currencies

Thursday, May 14, 2015

British Pound Set To Overcome 1.40 Against Euro / Currencies / British Pound

By: Richard_Cox

For most of this year, the Pound has had mixed results depending on your frame of reference.  For example, against the US Dollar the Pound is hitting new lows as expectations for rising interest rates from the US Federal Reserve have supported the greenback.  For these reasons, it is largely unsurprising to see that the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) is rallying as there have not been many stronger currencies during most periods of this year.

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ElectionOracle

Thursday, May 07, 2015

British Pound Soars on Exit Poll Conservative Election Win / ElectionOracle / British Pound

By: Nadeem_Walayat

The British Pound has soared following the release of the Exit Poll that forecast a defacto Conservative election win on 316 seats as part of a coalition with either the Lib Dems (10) or the DUP (8). Sterling currently stands at £/$1.5415 against the U.S. Dollar, lifting the GBP towards the upper end of its recent range and indicates to expect a similar surge for other markets such as stocks and bonds on tomorrows open.

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Currencies

Wednesday, November 12, 2014

British Pound Breaks Channel Support Following BOE Inflation Report / Currencies / British Pound

By: Gregor_Horvat

USD is mixed across the board but we see in a strong shape against the pound after BoE forecasts that the inflation rate will fall below 1% within 6 months, and rise toward the 2% target by the end of the 3-year forecast period. The bank also cut the GDP forecast by 0.2% for both 2015 and 2016 (to 2.9% and 2.6%, respectively), and cited a weaker Europe, which was the reason for weaker GBPUSD as well as lower prices on FTSE100.

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Currencies

Sunday, October 12, 2014

Mr Osborne’s Bew Pound Design Challenge / Currencies / British Pound

By: Submissions

Tom Naysburn writes: I was excited to read about Mr Osborne’s new design competition, so I decided to submit my suggestion. I am conservative by nature, I dislike waste and excess, and see untapped potential everywhere, but I don’t expect that to sway his decision.

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Currencies

Friday, September 05, 2014

US Dollar and British Pound Update / Currencies / British Pound

By: Jonathan_Davis

First, a recap of what I said a month ago.  Full post here.

4 August 2014:

“So, the US $ is to collapse, so say the inflationistas, the gold bugs, the Anderson shelter types etc.

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Currencies

Friday, September 05, 2014

British Pound Slides on Scottish Independence YES Vote Risks, What Happens Next? / Currencies / British Pound

By: Nadeem_Walayat

The British Pound has virtually nose dived after spending the whole of the year in an uptrend to recent multi-year highs of £/$1.72 of mid July on the back of a strong UK economy when compared to the Euro-zone catastrophe that continues to unfold across the English Channel, which had prompted much flight of the capital to the relative safety of the British currency.

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Currencies

Wednesday, September 03, 2014

Scotland Independence Risk Sees British Pound Dive / Currencies / British Pound

By: GoldCore

Sterling fell sharply yesterday as traders became nervous of a possible vote for Scottish independence. The referendum on Scottish independence from the United Kingdom takes place on Thursday 18th September. 

While the referendum and the potential impact of an independent Scotland have been on the horizon for some time, the approaching vote in two weeks is causing upheaval for the British pound in currency markets, and also more general macro uncertainty in the regional economic and monetary system.

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Currencies

Tuesday, August 05, 2014

British Pound GBP/USD Impulse Wave Weakness / Currencies / British Pound

By: Gregor_Horvat

GBPUSD accelerated down to 1.6800 at the end of last week, so we suspect that pair is falling within an extended impulse. Ideally price is now recovering in wave (iv) that is part of an extended and ongoing wave 3 that may reach levels around 1.6700 by the end of the week. Only rally back above 1.6955 will invalidate the current count; so until then trend is down.

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Currencies

Monday, July 21, 2014

GBP/USD Elliott Wave Analysis: Reversal To Come!? / Currencies / British Pound

By: Gregor_Horvat

GBP/USD hit a new highs of the year last week week at 1.7190, but then turned back down through 1.7057. Notice that this was fourth wave low, so if this swing is broken, then we can assume that pair accomplished a five wave rise. As such, we expected weaker pound now, but from minimum point of view that would be with three legs down, so more weakness to come after a wave 2/B rally that may look for a resistance this week around 1.7140.

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Currencies

Tuesday, June 24, 2014

GBP/USD – Another Fakeout / Currencies / British Pound

By: Nadia_Simmons

Earlier today, the British pound declined sharply against the greenback after Bank of England Governor Mark Carney testimony. Later in the day, sterling extended losses after data showed that Conference Board consumer confidence index jumped to 85.2 this month from 83.0 in May (it’s worth noting that this was the highest reading since January 2008), while the number of new home sales also rose to a six-year high, increasing 18.6% in May ( the highest level since May 2008 and the largest monthly increase since January 1992). These strong bullish numbers boosted the U.S. dollar and triggered a sharp decline in the GBP/USD pair. Where could the exchange rate drop after another fakeout?

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Currencies

Friday, June 20, 2014

British Pound Soars above GBP 1.71, Tracking £/$1.80 Forecast Despite Scottish Independence Risks / Currencies / British Pound

By: Nadeem_Walayat

The british pound soared above GBP 1.71 and as of writing is holding steady at around 1.705. The surge in sterling confounded many market analysts who had both been skeptical of the strength of the british economy as it continues to face head winds from a depressed Euro-zone and the chaos inducing risks that surround the forthcoming Scottish Independence referendum where the polls continue to trend in the direction of the Yes vote.

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Currencies

Wednesday, June 18, 2014

GBP/USD: More Gains After The Pullback / Currencies / British Pound

By: Gregor_Horvat

GBP/USD broke sharply to the upside last week with a clear personality of a wave three within a five wave move in wave C). We see pair going higher now, above 1.7000 to complete wave (5). This fifth wave should be made by three legs as we are tracking an ending diagonal on a daily chart, so upside can be limited around 1.7100. At the moment we are looking at a corrective pullback in black wave 4 that may stop at 1.6900/1.6920 before uptrend resumes.

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Currencies

Tuesday, June 10, 2014

British Pound or U.S. Dollar: Which Will Win The Race? / Currencies / British Pound

By: Richard_Cox

For most of this year, there has been a relatively clear cut race between the British Pound and the US Dollar.  The outcome so far has been surprising, as the central bank stance in these two economies clearly favors the British Pound.  As the US Federal Reserve looks increasingly committed to cutting its historic QE programs, most might have expected that the greenback would have had a banner year.  But this has not occurred, and many have been left surprised as a result. 

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Currencies

Monday, June 09, 2014

GBP/USD: Corrective Retracement From 1.6995 / Currencies / British Pound

By: Gregor_Horvat

The GBP/USD traded higher last week and made an overlap with 1.6810 which means that any bearish impulse wave count has been invalidated. As such, we are now observing a new, bullish interpretation because reversal from around 1.6995 can be counted as a double zigzag. Notice that price also found a support a week back around the lower support line of a trading channel.

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Currencies

Tuesday, May 27, 2014

GBP/USD: Bearish Reversal, Recovers Nicely / Currencies / British Pound

By: Gregor_Horvat

GBP/USD has recovered nicely last week, clearly in three waves 1.6728 to 1.6920. The pair reached our mentioned levels around 1.6900 where markets already turned slightly to the downside, and fell through support channel line that now makes room for a decline back to 1.6728 in this week.

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Currencies

Tuesday, May 06, 2014

Sterling British Pound Strength and 'Real' Differentials / Currencies / British Pound

By: Ashraf_Laidi

The British pound is the best performing currency so far this quarter (+2.0% vs USD) as well as over the last 6 months (+5.7% vs USD) out of the top-traded 11 currencies.

Real differentials in 2-year govt bond yields (yield minus inflation) have helped explain currency performance over the last 2 years, including sterling's strength since last autumn.

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Currencies

Monday, April 21, 2014

British Pound Looks Vulnerable At The Highs / Currencies / British Pound

By: Richard_Cox

Over the last year, the British Pound has been one of the strongest active currencies in the foreign exchange market.  Most of the trends in this section of the market have been working off of the clear weakness in the US Dollar.  But when we start to look at the underlying economic fundamentals (inflation rates, broader growth figures), the recent moves start to look extreme and overdone.  So while this does not mean that we will see the Pound start to drop like a rock in the next few weeks, it is starting to look as though the upside in the currency is limited.

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Currencies

Friday, April 11, 2014

British Pound GBP/USD - Double Top or Further Rally? / Currencies / British Pound

By: Nadia_Simmons

Earlier today, the greenback moved higher against the British pound after better-than-expected jobless claims data, which showed that the number of people filing for initial jobless benefits in the week ending April 4 declined to an almost seven year low. Will this drop in British currency trigger a bigger correction? What is the technical picture of cable? We invite you to read our today's Forex Trading Alert.

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Currencies

Friday, February 14, 2014

British Pound GBP Trend Forecast 2014 / Currencies / British Pound

By: Nadeem_Walayat

This is a summary extract of my latest in-depth analysis concerning the Scottish Independence referendum and its implications for the UK economy, and concluding in a trend forecast for the British Pound GBP into the end of 2014.

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Currencies

Wednesday, February 12, 2014

British Pound GBP Soars to Resistance, Bearish Turn Ahead? / Currencies / British Pound

By: EWI

Cable remains near its high and shows no sign of turning lower. Resistance is 1.6624 and the bearish view demands a turn lower from beneath this level. With no signs a turn is underway confidence is low. -- Jim

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Currencies

Monday, February 03, 2014

British Pound GBP USD Bearish Reversal / Currencies / British Pound

By: Gregor_Horvat

GBPUSD moved to a new swing high two weeks back but then turned sharply down from 1.6660 level so our count from the past weeks remains valid. We are tracking a complex correction from July 2013 that can be wave E), final leg of a wave (B) triangle pattern. If that is the case then market should move impulsively to the downside while 1.6780 high from April of 2011 must stay in place.

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Currencies

Monday, January 13, 2014

GBP USD Bearish Reversal / Currencies / British Pound

By: Gregor_Horvat

GBPUSD found some resistance recently around 1.6600 figure where we think that pair will form a top even if just temporary. Our primary count  suggests that GBPUSD will fall in impulsive fashion because of a big picture with a bearish triangle. But for this confirmed scenario we need an impulsive sell-off back to 1.5500. For us the most important is probability on short-term swings. As such, we are also tracking the second wave count, which is different on a big scale but same on the short-term. We see a completed five waves up that now suggests a three wave retracement back to 1.5900. As such, it seems that GBPUSD will be weakening in the next few weeks.

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Currencies

Sunday, January 12, 2014

GBP/EUR The Currency Pair to Watch for in 2014? / Currencies / British Pound

By: Submissions

Liron Levy writes: It is crystal clear that employment is the economic sector that appears to drive the currency exchange market.  No country or economic zone is today boasting that they are out of the woods as to the 2008 global recession.  However, the GBP is benefiting from current figures that continue to confirm a strong ongoing improvement in the employment sector.  The jobs picture in the UK exhibits falling unemployment, along with a seventh consecutive month of healthy increases in hiring. 

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Currencies

Thursday, December 12, 2013

British Pound GBP Correction Within an Uptrend / Currencies / British Pound

By: Gregor_Horvat

GBP/USD has turned lower in the last 24 hours from its highs, but despite some weakness we believe that larger trend is incomplete. We are tracking an impulsive rally from 1.5853 low, which means that recovery needs to be made by five subwaves. With that in mind we believe that current bearish leg represents only first part of corrective pause.

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Currencies

Monday, December 09, 2013

GBP British Pound Near Resistance / Currencies / British Pound

By: Gregor_Horvat

GBPUSD broke to a new high as expected after we identified end of a corrective retracement at 1.5850. As such, we are now tracking a new impulse leg up with can be wave C, final part of a double zigzag in wave E). If this is correct count then rally from July low is near completion. Ideally we will see a reversal down from around 1.64-1.66 region.

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Currencies

Friday, December 06, 2013

Will British Pound Rally Continue Against the Swiss Franc? / Currencies / British Pound

By: FXAcademy

Adam Lemon writes: The GBP/CHF pair had a very back and forth session during the trading hours on Wednesday, but the most important thing is the fact that there is an uptrend line dissecting through the 1.4750 handle, and that area of course has been one of the least passing interest. Because of that, it makes perfect sense it bounced from there, and now have a somewhat neutral looking candle. However, all things being equal, it looks like the British pound is set to continue its strength against the Swiss franc. Lately, the British pound has been one of the strongest currencies to follow.

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Currencies

Monday, December 02, 2013

GBPUSD Looks For Resistance / Currencies / British Pound

By: Gregor_Horvat

GBPUSD is at the highs, now above wave the trendline connected from 2009 highs but still below 1.6744 which is a triangle invalidation level from a weekly chart. As such, we are still tracking final stages of a red wave E) that could be looking for a top formation in 1.6500-1.6650 region. However, before we may look for end of a current rally we need five waves up in black wave C which is still not the case so be aware of more upside in this week.

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Currencies

Tuesday, November 05, 2013

British Pound GBP/USD: Weakness Could Resume After Rally to 1.6000 - 1.6050 / Currencies / British Pound

By: Gregor_Horvat

GBP/USD reversed sharply lower last week through 1.6000 with very sharp and aggressive sell off on Thursday, so it seems that decline from 1.6250 is unfolding in five waves. With that said, we suspect that pair will move even lower in this week.

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Currencies

Thursday, October 24, 2013

GBP's Outlook Still Bright, but Beware Lurking Gremlins / Currencies / British Pound

By: Submissions

Justin Pugsley writes: Amongst a number of weaknesses such as a huge current account deficit the UK also has an inflation problem, which will eventually take its toll on GBP. For the time being at least a robust real estate market and recovering economy will be strongly supportive of Sterling.

The UK has long had an inflation prone economy. Today is no different. Consider the UK has an inflation rate of 2.7%. That's low by historical standards, but very high compared with its trading partners. And relative is important. Because in the US it is 1.5%, the Eurozone 1.1% and Japan 0.8%. That means GBP is losing its purchasing power at a faster rate than most of its trading partners meaning that in the long run it is a negative for the UK currency.

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Currencies

Thursday, October 17, 2013

GBPUSD Looking Bearish Against 1.6260 Elliott Wave Forecast / Currencies / British Pound

By: Gregor_Horvat

GBPUSD is very slow and choppy above 1.5900 level so we think that move from the latest low is corrective, therefore we think that recovery is temporary. In fact we labeled a decline from 1.6260 with five waves down which is evidence of a bearish price action, marked as wave (a) or (i). In both cases we expect a third leg lower once corrective wave (b) or (ii) will complete a retracement. Ideally this will occur somewhere between 38.2-61.8% retracement area compared to previous decline. In that region we also have a parallel trend line connected from 1.6161 swing that could also react as a resistance level. With that said traders should be aware of a bearish waves in the next few days. This view remains valid as long as price trades beneath 1.6260 high.

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Currencies

Monday, September 16, 2013

GBP-USD: When Support Line Becomes A Resistance Line / Currencies / British Pound

By: Gregor_Horvat

A decline on GBPUSD from 2008 peak to 2009 low was in five waves, which in Elliott Wave theory indicates a direction of a larger trend. This is called an impulse wave, and once this leg is complete you will see a reversal in price, against the trend, normally into a slow, choppy and overlapping price action which is personality of a correction.

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Currencies

Thursday, September 12, 2013

British Pound Bearish Reversal Forecast / Currencies / British Pound

By: Gregor_Horvat

Pound (Forex: GBPUSD) is in bullish mode and reached our projected zone for this week; 1.5800-1.5900 which is actually a very important resistance zone in combination with the wave principle and Fibonacci levels. As you can see on the chart we are tracking a huge wedge pattern called an ending diagonal which usually predicts a very strong reversal. With that said, we are keeping an eye on potential sell-off on this pair from current resistance zone. This sell-off can happen soon if we consider that prices are in late stages of wave 5) now, testing 61.8% Fibonacci projection compare to wave 3) and also approaching 161.8 % extension of wave 4).

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Currencies

Friday, August 16, 2013

British Pound GBPUSD Three Wave Rally Suggests A Bearish Reversal / Currencies / British Pound

By: Gregor_Horvat

GBPUSD is moving higher, but rally from July low is still in three legs with wave C) now near completion as price is approaching upper trend line of a corrective channel as well as equality level compared to wave A). We can also count five waves up from 1.5100 wave B) low, so sooner or later reversal will follow, ideally from 1.5700.

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Currencies

Friday, July 26, 2013

Will British Pound GBPUSD Sustain The Upward Momentum? / Currencies / British Pound

By: Forex_Abode

After some struggle against the 55-day EMA, GBP/USD ultimately broke that resistance and closed above it. The high of this upward move was 1.5282.

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Currencies

Tuesday, June 18, 2013

GBP/USD Could Reverse Into A Deeper Pull-back, towards 1.5480 / Currencies / British Pound

By: ForexPros

We can count five waves up in wave A) from 1.5000 psychological level on the cable, which means that temporary high for this pair could be near if we consider that correction follows after every five waves.

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Currencies

Thursday, May 02, 2013

GBP/USD Trying To Form Bearish Reversal / Currencies / British Pound

By: ForexPros

On cable we can count five completed waves-up in wave C that show signs of a top around 1.5606 because of the ending diagonal in wave 5, divergence on the RSI and now also accelerating price action below the trading channel, which suggests the pair is in the early stage of a minor wave (iii).

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Currencies

Thursday, February 21, 2013

How You Can Make Money Shorting the British Pound / Currencies / British Pound

By: Money_Morning

Ben Gersten writes: Shorting the yen has earned George Soros more than $1 billion in profits since November.

Now Soros has set his sights on the second-most-shorted currency in the world - the British pound.

And he may have company, as the Financial Times reports: Along with Soros Fund Management, Tudor Investment Corp., Caxton Associates and Moore Capital - some of the best global macro traders - "see similarities in UK's predicament to that of Japan" and are interested in shorting the pound.

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Currencies

Tuesday, February 19, 2013

The British Pound Gets Pounded / Currencies / British Pound

By: Peter_Schiff

As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the U.S. dollar over the past few months. The implosion has given cover to the sad performance of another once mighty currency: the British pound sterling. But in many ways the travails of the pound is far more instructive to those pondering the fate of the U.S. currency.

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Currencies

Monday, February 04, 2013

Why Sterling Crisis May Be Looming In 2013: The Black Snake / Currencies / British Pound

By: DK_Matai

It is now common knowledge that the global financial markets have begun betting against sterling in 2013, the Chinese year of the "Black Water Snake."  The Black Snake is supposed to bring unexpected changes, instability and changeability. That is why it is so important in the year of the Snake to plan everything beforehand, and to evaluate adequately before taking any actions.  One needs to be more careful and cautious than ever this year!  It is in this spirit that the ATCA Research & Analysis Wing and the mi2g Intelligence Unit have been evaluating the situation in regard to the British pound in 2013. 

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Currencies

Monday, January 07, 2013

British Pound Heading for Sterling Crisis 2015 / Currencies / British Pound

By: Paul_Tustain

It may be only a matter of weeks before the Pound's next great decline begins...

Right at the top of the banking pyramid you have an institution called the Bank for International Settlements (BIS), writes Paul Tustain - founder and director of BullionVault. It acts like a central bank for central banks.

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Currencies

Monday, December 10, 2012

GBP/USD - On the Crossroads? / Currencies / British Pound

By: Forex_Abode

GBP/USD went as high as 1.6130 but then went into sideways mode. Another attempt of upward jump failed 2 pips below it i.e. 1.6128 and the fall took the current pair to 1.6002 before the weekly closing at 1.6042.

On one hand the break above the psychological level and a move as high as 1.6130 brings in the bullish outlook but on the other hand a failure much below November 1st's 1.6175 argues in favor of some more consolidation if a break below the psychological 1.6000 takes place. Please also check this blog post about GBP/USD.

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Currencies

Saturday, December 08, 2012

Should the UK Join the Euro? / Currencies / British Pound

By: Jan_Skoyles

Jan Skoyles looks at how the Euro might not be such a bad idea if it is the interim step to a return to the gold standard. Looking at a paper written by Jesus Huerta de Soto, she looks at the Austrian arguments for the UK joining the Euro, but concludes that the current path of central bank net gold investment and private citizens choosing to buy gold is more likely to be providing the first steps to the new gold standard. 

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Currencies

Friday, August 05, 2011

Will GBP/USD 38.2% Key Support Level Last? / Currencies / British Pound

By: Seven_Days_Ahead

Following the late April high in GBP/USD the subsequent slip back found good support from a key 38.2% area, with recovery then triggered. But after recent resistance the key support could once more come under scrutiny.

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Currencies

Monday, July 11, 2011

How the British Pound Sterling Fell From Grace / Currencies / British Pound

By: Aftab_Singh

Best Financial Markets Analysis ArticleThe pound sterling has come a long way since its heyday back in the 19th and early-20th centuries. Since then, the dollar has taken its place and — potentially — is itself to be supplanted in the not-too-distant future. Here, I get to grips with the marginalization of the pound as the world’s favorite ‘reserve currency asset’.

Instead of bamboozling you with the jargon used by the typical student of money, I thought I’d outline a few rudimentary concepts first. There are two main reasons for doing this:

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Currencies

Friday, June 24, 2011

GBP/USD Trend Momentum on the Wane? / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleAfter positive signs were seen on the GBP/USD chart earlier this year a recent drift back threatens to develop into something more lasting.

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Currencies

Friday, April 01, 2011

Sterling Euro Suggests Further Sterling Weakness / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe outlook for Sterling against the other major currencies seems more or less unchanged - except against the Euro.

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Currencies

Friday, February 18, 2011

British Pound is Poised / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Bank of England quarterly inflation report released yesterday had been anticipated by market players as the starting signal for the Bank to begin hiking interest rates sometime in the next few months.

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Currencies

Friday, January 21, 2011

GBP/JPY Bulls Trying to Gain Control / Currencies / British Pound

By: Seven_Days_Ahead

Price action in the GBP/JPY cross was relatively subdued in the second half of 2010, although staying on the weak side. A recent bounce has again raised the prospect of a better recovery phase, but key resistance still needs to be overcome.

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Currencies

Friday, January 21, 2011

Can Sterling’s Strength Continue? / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleWe have argued over recent months in the Macro Trader’s guide that Sterling was oversold during the financial crisis and subsequent recession. We judged the UK economy fared no better or worse than most other leading developed economies.

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Currencies

Friday, October 29, 2010

EUR/GBP Recovery Repelled by Key Resistance / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleFollowing the earlier fall in the EUR/GBP cross a recovery phase has been in process since the June low. However, this has now seen a test of a key resistance area, with the market accordingly pulling back.

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Currencies

Thursday, October 14, 2010

British Pound vs Australian Dollar (GBP/AUD) Trend Forecast into Mid 2011 / Currencies / British Pound

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleAndrea asks : We are traveling to Perth in March 2011, are we best changing our money now? Or is there a chance the exchange rate will be better in the new year? Please help.

In answer to Andrea and others who have posted similar comments requesting an analysis of GBP/AUD, this analysis seeks to extrapolate recent in depth analysis on the Dollar and British Pound with regards to the Aussie Dollar.

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News_Letter

Tuesday, October 12, 2010

British Pound Sterling GBP Currency Trend Forecast into Mid 2011 / News_Letter / British Pound

By: NewsLetter

The Market Oracle Newsletter
Oct 4th, 2010 Issue #55 Vol. 4

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Currencies

Thursday, October 07, 2010

Pressures Mount on Bank of England (BOE) to Devalue Pound / Currencies / British Pound

By: Chris_Ciovacco

The Bank of England (BOE) is due to make a statement today at noon in London (7:00 a.m. ET U.S.). The BOE’s actions in the next 45 days may be important to investors in the U.S. and global commodity markets. All things being equal, a weak U.S. dollar tends to provide favorable headwinds to both U.S. stocks and commodities, such as oil (USL), copper (JJC), gold (GLD), and silver (SLV). With the BOE facing more bad news on the housing front today, political pressures to join the money-printing parties in the United States and Japan are mounting.

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Currencies

Monday, October 04, 2010

British Pound Sterling GBP Currency Trend Forecast into Mid 2011 / Currencies / British Pound

By: Nadeem_Walayat

Diamond Rated - Best Financial Markets Analysis ArticleWhilst many may perceive currency movements as wide multi-year trading ranges such as between highs of £/$ 2.00 to lows of £/$1.00, however all of the worlds currencies are actually in a continuous state of perpetual free fall where the multi-year high - low trading ranges are fluctuations within the differing rates of decent as all currencies are fiat backed by nothing more than mountains of ever expanding IOU's. The manifestation of the free fall in real values is the loss of purchasing power of currencies as measured by INFLATION that state propaganda has conditioned populations to accept as being a good thing.

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Currencies

Friday, September 10, 2010

Currency Bulls in GBP/USD Remain Uncertain / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleAn earlier recovery in GBP/USD this year, off a 76.4% support area, came to a halt in August, again at a Fibonacci retracement. So far a s/term pullback has been supported by a 38.2% level, but there is currently risk that this could give way in due course.

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Currencies

Friday, July 16, 2010

British Pound Perks Up, Can the Uptrend Be Sustained? / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Pound suffered a steep sell-off against both the Euro and the Dollar during the financial crisis/recession as the UK’s public finances deteriorated at a faster pace than other developed economies.

Indeed, as the recession seemed to go on longer than in many other G7 economies, the Pound at one point looked at risk of breaking par against the Euro and approaching lows not seen since the mid 1980’s against the Dollar.

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Currencies

Friday, July 09, 2010

Bull Signal in British Pound, GBP/USD Now in Place / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleWhen we last looked at GBP/USD the chart had tested a long term 76.4% retracement level, where the initial reaction had been positive. But the required bullish signals from the Daily chart were not in place – and they are now.

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Currencies

Monday, June 21, 2010

British Pound GBP/USD Testing Long Term 76.4% Support / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe downtrend in GBP/USD tested a long term 76.4% retracement level, where the initial reaction has been positive, though muted so far. There are certain levels on the Daily chart that must be negotiated before we are able to look for a better recovery phase.

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Currencies

Thursday, April 01, 2010

Has Sterling Found its Feet? / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Technical Trader’s view:

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Currencies

Monday, March 15, 2010

British Pound Heading for Another Black Wednesday Currency Crash? / Currencies / British Pound

By: Money_Morning

Jon D. Markman writes: Outside of the earthquake rescue efforts in Chile and the Greek-rescue efforts in Brussels, the big news in the world economy last week occurred in currencies.

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Currencies

Friday, March 12, 2010

Euro Sterling is Set to Go Further / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Euro has recently suffered a very pronounced period of weakness against both the US Dollar and the Japanese Yen but against Sterling it has remained strong throughout. Why is that?

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Currencies

Saturday, March 06, 2010

British Pound in for a Sharp Fall? / Currencies / British Pound

By: Bryan_Rich

Best Financial Markets Analysis ArticleIn my December 26 Money and Markets column I focused on the outlook for 2010, and the looming threats to global risk appetite. I warned that sovereign debt problems posed a major threat to global economic recovery. And I concluded that this threat represented a catalyst for a return of global risk aversion.

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Currencies

Tuesday, March 02, 2010

British Pound GBP Australian Dollar AUD Currency Analysis and Forecast 2010 / Currencies / British Pound

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleIn response to a number of requests for an analysis of the Australian Dollar, this article seeks to conclude towards a forecast trend for the British Pound against the Australian Dollar for 2010. Thought readers should note that I neither track nor trade this currency cross and nor do I have the time to spend several weeks performing an in depth analysis of the Australian economy, therefore I am instead will relying upon existing analysis of the U.S. Dollar and GBP as a relative guide in terms of currency trends.

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ElectionOracle

Tuesday, March 02, 2010

Election Risks, Debt and Inflation Push British Pound Below £/$1.50 Towards £/$1.40 Target / ElectionOracle / British Pound

By: Nadeem_Walayat

Diamond Rated - Best Financial Markets Analysis ArticleSterling hit a new low for the year against the U.S. Dollar of £/$1.49, now having fallen by more than 10% from a high of £1.68 just a few weeks ago. The mainstream press has scrambled to explain the fall away as a consequence of the narrowing in opinion polls between Labour and the Conservatives that over the weekend showed the lead shrink to between 2% and 5% and therefore put the election into hung parliament territory (Labour has a in built 4% advantage over the Conservatives).

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Currencies

Monday, March 01, 2010

Traders Eye GBP For Dollar Strength As Euro Holders Risk Shorts Squeeze / Currencies / British Pound

By: Ashraf_Laidi

The escalating negative dynamics surrounding GBP are giving FX traders a new means of going "long USD", as excessive shorts in EUR risk a short squeeze in light of possible "Greece breakthrough" of German banks purchasing Greek bonds. And so rather than getting caught wrong-footed in opening new shorts in EUR, FX markets face fresh pretexts for sending GBP back towards last year's lows.

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Currencies

Friday, February 26, 2010

Sterling Euro Possible Breakout / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Technical Trader’s view:

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Currencies

Friday, February 19, 2010

GBP/USD Support Only Temporary / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleAfter finding strong resistance last year GBP/USD has now started to break through 38.2% support, which was effective in Oct-09. Slightly lower support has emerged but s/term rallies should be temporary prior to a deeper pullback.

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Currencies

Saturday, January 09, 2010

Pressure Mounting on the British Pound / Currencies / British Pound

By: Bryan_Rich

Best Financial Markets Analysis ArticleThe UK economy is in a tough spot … it’s the only major economy that has yet to emerge from recession. It’s running the largest budget deficit of any industrialized country. And its central bank has thrown everything, including the kitchen sink at the problems trying to stimulate economic activity.

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Currencies

Saturday, December 26, 2009

British Pound GBP Forecast 2010 Targets Drop to Below £/$1.40 / Currencies / British Pound

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThis is the next in a series of analysis as part of my unfolding inflationary mega-trend scenario towards the formulation of 2010 forecasts for inflation, interest rates and economy. I aim to complete the whole scenario and implications of before the end of December which will be published as an ebook that I will make available for FREE. Ensure you are subscribed to my always free newsletter to get the latest analysis in your email box and check my most recent analysis on the probable inflation mega-trend at http://www.walayatstreet.com

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Currencies

Friday, December 11, 2009

Sterling’s Politics v the U.S. Dollar and the Euro / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Macro Trader’s view:
This week’s pre-budget report was, broadly speaking, a disappointment. It has been judged broadly fiscal neutral, with all the tough spending decisions deferred until after the General election due by May/June of next year, despite assurances to the contrary by Chancellor Darling.

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Currencies

Tuesday, October 13, 2009

British Pound A Major Disaster Just Waiting to Happen?  / Currencies / British Pound

By: Garry_Abeshouse

Best Financial Markets Analysis ArticleIit may be an important key to events that will be played out over the coming weeks and months. Firstly, the long term chart (courtesy of www.sharelynx.com) shows the price going back to 1971. Important to notice here is the 1982 – 1985 fall from 2.4 to near parity, just above 1.0.  

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Currencies

Friday, October 09, 2009

Will Euro/ British Pound Bulls Pause for Breath? / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleAn impressive upmove in EUR/GBP has shaken off medium term bear risk, we believe – any pullbacks now will most likely be temporary/corrective ahead of further upside. It is worth looking at the current technical position, and supports to any slip back.

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Currencies

Sunday, September 27, 2009

British Pound Devaluation Delusions / Currencies / British Pound

By: Phill_Tomlinson

Best Financial Markets Analysis Article"It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued."
Harold Wilson, British Prime Minister, after the Pounds devaluation in 1967

"A weak currency arises from a weak economy which in turn is the result of a weak Government."
Gordon Brown, During the Pounds devaluation after it was withdrawn from the ERM

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Currencies

Friday, September 25, 2009

Does the Bank of England Want a Weak British Pound? / Currencies / British Pound

By: Seven_Days_Ahead

After a steep sell off against both the Dollar and the Euro in the wake of the financial crisis, the Pound began to bottom out during the 1st quarter of this year, as it became evident that other G7 economies were doing as badly as the UK, if not worse.

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Currencies

Friday, September 25, 2009

British Pound Undermined by the Bank of England, Sterling Bear Market Resumes / Currencies / British Pound

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThe Bank of England and Mervyn King's recent announcements in the mainstream press have clearly been aimed at sending the markets a signal that official policy favours a weak currency so as to support the economic recovery by boosting the export sector. The reaction in the markets was for a swift drop in the exchange rate across all major currencies and most notably against the Euro which triggered a fall of over 8% from the recent high of 1.20 to below 1.10

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Currencies

Sunday, September 06, 2009

British Pound in a Position of Weakness / Currencies / British Pound

By: Bryan_Rich

Best Financial Markets Analysis ArticleIn the past month we’ve seen statistics that indicate the recession for major economies will be ending this year. And in some countries, like Germany, France and Japan, their recessions technically ended in the second quarter.

But do these statistics mean better times are ahead for consumers … more jobs … friendlier lending policies? Does a positive quarterly GDP, rising from the steepest global economic contraction in 60 years, mean that the risk of another shock to the global system has diminished?

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Currencies

Monday, August 31, 2009

British Pound Renewed Weakness / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Macro Trader’s view: On the 30th July, 4 weeks ago, we wrote a piece entitled “How vulnerable is Sterling”, our conclusion at the time was that we thought it not very vulnerable against the Euro, since we judged, based on available macro economic data available at that time, that the UK looked closer to emerging from recession, than did the Euro zone, and in some respects the UK economy compared favourably against the US economy too.

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Currencies

Thursday, August 27, 2009

British Pound in Precarious Situation, Government Debt Downgrade Coming Soon ? / Currencies / British Pound

By: Frederic_Simons

Best Financial Markets Analysis ArticleA lot has been written lately about a possible US Dollar crash. Currently, however, it looks as if a crash in the world's reserve currency has been averted for the time being. Only EUR/USD trading above 1.44 would put the US Dollar crash alert on yellow again.

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Currencies

Monday, August 17, 2009

British Pound Rally Hits the Buffers But Sellers Should be Cautious / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Technical Trader’s view:

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Currencies

Saturday, August 01, 2009

British Pound, What Happened to the Weakness of Sterling? / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Macro Trader’s view:
The Pound has staged a sometimes volatile recovery for much of this year. It is now far higher than the lows it reached during November and December 2008 when traders thought the UK would suffer most of the G7during the recession.

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Currencies

Monday, July 27, 2009

British Pound Remains Under Threat of Another Bear Phase / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleAs with other markets GBP/USD has been broadly consolidative during June and July, with upside attempts being successfully repelled so far. In recent FX Trading Guides we have wondered if the 30-Jun spike to 1.6744 and drop back marked a blow-off move, in preparation for a better bear phase – and we still believe this is a prospect.

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Currencies

Thursday, June 25, 2009

What’s Wrong with the British Pound? / Currencies / British Pound

By: Seven_Days_Ahead

Best Financial Markets Analysis ArticleThe Macro Trader’s view:

After a solid rally away from the lows stretching over 3 months, much of June has been characterized by sideways trading. Cable seems to have has lost its way.

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Currencies

Saturday, June 06, 2009

Will the British Pound Get Pounded? / Currencies / British Pound

By: Money_and_Markets

Best Financial Markets Analysis ArticleBryan Rich writes: When financial markets were on the way down, risk aversion reigned and every investment that was deemed risky crashed. The U.S. dollar and 10-year Treasuries did well as global investors fled to safety.

But for the last three months this trade has been in retracement mode. And the further it has retraced, the more it has fueled optimism in the outlook for a recovery.

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Currencies

Wednesday, May 20, 2009

British Pound (GBP) Upside Trend Break Out Analysis / Currencies / British Pound

By: INO

Best Financial Markets Analysis ArticleTaking another look at the British pound.

On May 8, I produced a video which gave a detailed analysis of the British pound (GBP) versus the US dollar (USD). At that time I expected the British Pound to continue its gains against the US dollar. In today's video I will revisit GBP/USD cross to see just what has happened to this market.

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Currencies

Wednesday, February 18, 2009

British Pound to Crash to New All Time Lows / Currencies / British Pound

By: FleetStreetInvest

Best Financial Markets Analysis ArticleDon't be fooled by recent mainstream press reports of a ‘pound rally'. What we're seeing here are short-lived bursts rather than a proper, sustained gain. The trend for the pound remains down.

Why? Because UK interest rates and the economy are both heading south.

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Currencies

Saturday, January 31, 2009

British Pound Collapsing Under Weight of Bankrupt Banks Liabilities / Currencies / British Pound

By: Money_and_Markets

Best Financial Markets Analysis ArticleJack Crooks writes: Great Britain's Prime Minister, Gordon Brown, is meddling in the Bank of England and U.K. Treasury, much the same way that our Hank Paulson and Ben Bernanke have done. And now everything that Mr. Brown is struggling with underlines why his home currency has performed so poorly recently … and will continue to disappoint.

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Currencies

Friday, January 23, 2009

Sterling's Damage and Geithner's U.S. Dollar Policy / Currencies / British Pound

By: Ashraf_Laidi

Best Financial Markets Analysis ArticleCurrency market participants are faced with increasingly diverse options amid the deepening erosion of risk appetite, persistent banking losses and deteriorating measures of corporate and household wealth. While yen-supportive strategies remain most prevalent amid the worsening risk-landscape, broad selling of the British pound and bearish stances in the commodity currencies (CAD, AUD and NZD) has also proven rewarding. The US dollar continues to emerge as a reliable companion to the yen in strengthening by default against the European and commodity currencies.

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Currencies

Thursday, January 22, 2009

Sterling Sinks as Britain Teeters on Brink of Bankruptcy / Currencies / British Pound

By: Mike_Shedlock

Best Financial Markets Analysis ArticleThe British Pound has imploded on fears of bank nationalization and Prime Minister Gordon Brown's plan to give the Bank of England unprecedented powers to buy securities. This chart paints the not so pretty picture.

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Currencies

Tuesday, January 20, 2009

More Bank Bailouts to Come, So Keep Selling Sterling / Currencies / British Pound

By: MoneyWeek

Best Financial Markets Analysis ArticleHmm. I'm not sure that Gordon Brown got the result he hoped for yesterday.

After the first Great British banking bail-out, Mr Brown thought he had saved the global banking system – the "world", no less. And plenty of pundits were happy to indulge his fantasies.

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Currencies

Saturday, January 10, 2009

British Pound Heading for a Record Low Against the Euro / Currencies / British Pound

By: Econgineers

Best Financial Markets Analysis ArticleIn less than 18 months the British Pound has lost 30% of its value. What used to be a steady and constant trading range is now a steep downtrend. The fundamentals behind this price-action; negative macroeconomic outlook, increase in unemployment, drastic decrease in net lending, slowdown of general demand affecting retail and industrial activities, have decrease confidence in the UK’s economy, invariably impacting money flow even further.

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Currencies

Friday, December 12, 2008

What the Sterling Crisis Means for You / Currencies / British Pound

By: MoneyWeek

Best Financial Markets Analysis ArticleIf this isn't a sterling crisis, what is? Not content with plunging 25% against the dollar over the last six months, the pound is now fast heading for parity with the euro.

Our so-called government may think it can solve Britain 's economic problems via borrowing like crazy, and letting sterling collapse into the bargain.

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Currencies

Thursday, December 11, 2008

British Pound Heading for Parity Against the Euro / Currencies / British Pound

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleSterling continued its Crash of 2008 by falling to a new all time low against the Euro by trading below 1.14, which is just another marker enroute towards parity to the Euro as investors and speculators continue to adjust to the deteriorating fundamentals of record low interest rates, economic stagflation and an exploding pubic sector debt burden that is likely to cripple the British economy for many years AFTER the recession of 2009. Already some Bureau De changes are offering an exchange rate to the Euro of just 1.04.

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Currencies

Monday, December 01, 2008

Britain to Give up the Pound and Join the Euro? / Currencies / British Pound

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleIt seems that every few weeks more panic measures are announced by the UK government as it is forced to take drastic action in the face of a collapsing financial system and economy slumping fast into recession. First came Septembers ban on short selling of banking stocks, followed by the £500 billion budget busting bank rescue in October, then the panic interest rate cuts, and most recently the emergency VAT cutting budget, now speculation is growing as discussions are leaked that Britain is moving towards joining the Euro as alluded to by the European Commission President Jose Manuel Barroso whilst speaking on French TV and radio Sunday:

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Currencies

Thursday, November 06, 2008

British Pound Weakens Ahead of Interest Rate Cut / Currencies / British Pound

By: Nadeem_Walayat

Sterling weakened from yesterdays level of £/$1.61 trading down to £/$1.59 ahead of today's anticipated rate cut which earlier analysis suggested could be as much as 1%. However the Pound is extremely oversold following its 25% crash from the high of £/$2.11 all the way to £/$1.53, this suggests that even a 1% cut would result in limited downside action until sterling has managed to work out its oversold state.

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Currencies

Friday, October 24, 2008

British Pound Crashes on GDP 0.5% Contraction / Currencies / British Pound

By: Nadeem_Walayat

Best Financial Markets Analysis ArticleThe British Pound Crashed following the worse than expected GDP data that showed that the UK economy contracted by 0.5% in the third quarter which was against consensus forecasts of 0.2% and the Market Oracle forecast for a 0.3% drop. Anything worse than 0.3% was expected to lead to panic selling of sterling which is what transpired. The British Pound fell from an already depressed level of £/$1.61 all the way to £/$ 1.5250 a drop of more than 8 cents which represents the largest intra-day drop since exchange rates started to float freely following the collapse of the Bretton Woods system in 1971 due to trade imbalance strains.

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Currencies

Monday, September 08, 2008

British Pound Slides Deeper Against US Dollar / Currencies / British Pound

By: Regent_Markets

It was a good week for European equity markets with the FTSE100 finishing the week at 5636, its highest level for nearly two months. US markets didn’t have such a good time of it, with the Dow Jones and S&P500 finishing largely flat on the week and the Nasdaq closing well down after a sell off on Friday. There was better news for the Greenback though, as the Pound fell to its lowest level for two years against the US Dollar. Although the Dollar has undoubtedly been strong over the last month, last week’s move on Cable (USD/ GBP) was largely a factor of the weakening pound. It made a record weekly low against the Euro and fell to its lowest levels since spring against the Japanese Yen.

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Currencies

Sunday, August 17, 2008

British Pound Crashes on Dovish BOE Inflation Report / Currencies / British Pound

By: Regent_Markets

The FTSE finished the week down slightly, but the real loser last week was UK PLC. The pound crashed as various factors come to a head. Up until July, the US Dollar was the currency the world loved to hate, last week it was sterling's turn to be punished. The Bank Of England inflation report was more dovish than expected, opening the doors to possible interest rate cuts before the year is out.

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Currencies

Monday, April 28, 2008

British Pound: RELATIVELY Strong … / Currencies / British Pound

By: Black_Swan

We’ve been dogging on the pound for a series of months now. And for the most part, we expect to be dogging on it for months to come. Basically, weak economic data points are going to weigh on Bank of England and their interest rate policies. That, in turn, should undermine the pound. But ...

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Currencies

Tuesday, February 19, 2008

AUD/GBP Favourite Currency Play for 2008 Continues to Profit / Currencies / British Pound

By: Ashraf_Laidi

Best Financial Markets Analysis ArticleWhile central banks in most industrialized economies are either reducing interest rates or expected to do so thus year, the Reserve Bank of Australia is expected to further raise its rates to fresh 12-year highs. Overnight, the RBA revealed in the minutes of its policy meeting this month a debate whether to raise rates by 50-bps. The central bank ended up raising rates by 25-bps to 7.25% to counter rising wage and price inflation. Last week, the Aussie hit multi-month highs after Australia 's unemployment rate unexpectedly fell to a 34-year low of 4.1% last month from 4.3% in Dec. Interest rate futures are now pricing an 80% probability of a 25 bps rate hike next month. Diverging interest and GDP growth rates were the backbone of our December calls for broad Aussie gains versus GBP, EUR and USD.

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Currencies

Monday, December 31, 2007

British Pound Currency Forecast 2008 - GBP Headed Sharply Lower Against Strong Japanese Yen / Currencies / British Pound

By: Money_and_Markets

Best Financial Markets Analysis ArticleJack Crooks writes: First, and most importantly, I hope you're closing out a happy, healthy and prosperous year. And I wish you the best in everything that 2008 brings.

When the markets are as exciting and nerve-racking as they've been this past year, it becomes increasingly difficult for us to look beyond the headlines. But if we are to profit, we must persist.

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Currencies

Sunday, December 23, 2007

British Currency Ready for a Pounding! / Currencies / British Pound

By: Money_and_Markets

Throughout the year, we've told you why the U.S. dollar was weakening. The reasons are many, and most of them are still relevant.

But as 2007 winds down, I want to tell you what could be next year's biggest trend: Some other currencies feeling similar pressures. You see, the credit crunch is expanding, and so is the list of vulnerable parties.

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Currencies

Thursday, December 20, 2007

British Pound Plunges on Record Trade Deficit / Currencies / British Pound

By: Nadeem_Walayat

Sterling already reeling from the credit crunch hitting the financial sector hard, tumbled again today on news of the biggest trade deficit since the aftermath of Nigel Lawson's late 1980's boom which was followed by early 1990's bust. The trade deficit soared to £20billions for the third quarter, in large part the credit crunch is to blame as investment income flows out of the worlds financial centre in London, whereas usually the case is for a healthy surplus. The deficit as a proportion of GDP amounts to 5.7%, and is way ahead of city estimates of 3%.

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Currencies

Monday, November 12, 2007

Pound Sterling Plunges Against the Yen / Currencies / British Pound

By: Regent_Markets

For once it wasn't just the Dollar that took a beating last Friday as the British pound fell sharply against the Yen, Euro, Swiss Franc and even the Greenback itself. The fall was all the more telling given the general mauling the dollar took last week against a whole host of currencies. Before Friday's pullback the Dollar hit a 26 year low against Sterling.

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Currencies

Tuesday, May 29, 2007

Pound VS Dollar Currency Analysis / Currencies / British Pound

By: Submissions

What happened ? We have had an interest rate rise and we have seen an increasing backing for another rise sometime soon.

I am surprised that this has not been bullish for the pound

We have also seen some really benign inflation data coming out in America which would be dollar-negative, so why hasn't there been more pressure on dollar

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Currencies

Sunday, March 04, 2007

British Pound (GBP/USD) Targeting a Significant Downtrend to 1.8600 / Currencies / British Pound

By: Nadeem_Walayat

The US Dollar strengthened late last week, especially against much a weaker British Pound, which ended Friday on a weak 1.9430. The Pound earlier in the week again failed to get anywhere near breaching the previous high of 1.9890.

British Pound (GPB/USD) Targeting a Significant Downtrend to 1.8600

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Currencies

Saturday, September 23, 2006

The Pound is finding resistance above 190 / Currencies / British Pound

By: Nadeem_Walayat

The British Pound has rallied strongly from the lows earlier in the year to 190, but now has hit heavy resistance at above 190, which suggests a correction is likely.

The Pound is finding resistance above 190


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Currencies

Tuesday, April 18, 2006

Is it time for the British Pound to resume its Bull Market ? / Currencies / British Pound

By: Nadeem_Walayat

The British Pound (GBP) has spent the last 6 months building a firm support base between 170 and 178, and is now showing signs that it is ready to resume the main uptrend that began June 2001.

Is it time for the British Pound to resume its Bull Market ?

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