The pound sterling (GBP) was sold on Friday afternoon after a good morning's trade. Monday sees a soft start however general consensus for the time being suggest the UK currency will likely remain supported in a week of little data or event risk.

March 10,2014

The pound sterling (GBP) will be under scrutiny at 09:30 on Friday as the ONS release their monthly retail sales figures. We believe that the data will have to significantly beat expectations to drive aggressive buying. All suggestions though point to further consolidation in the UK currency.

April 4,2014

The British pound (GBP) is mixed on Thursday morning having staged a decent comeback through the course of Wednesday's trading session. Traders will keep an eye on the important technical levels driving sterling while the Vodafone / Verizon deal should prompt some further support for GBP/USD.

April 3,2014

The British pound (GBP) faces a torrent of key information released at 09:30, so important are today's events that we believe that the market reaction will ultimately confirm the outlook for the sterling exchange rate complex for the remainder of the month.

April 2,2014

The British pound (GBP) has come under fresh selling pressure on Tuesday morning after UK inflation fell faster than expected. However, analysts forecast the UK currency will likely be protected by key support levels.

April 1,2014

The British pound (GBP) has hit the highest levels in over a year against the euro confirming bullish forecasts for the pound euro exchange rate in 2014. But, it is a busy week that lies ahead and the sterling rally could well encounter problems.

April 7,2014