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Past 24 Hours Have Changed the Outlook for the UK Currency

pound sterling outlook and forecast

The British Pound Sterling (Currency:GBP) is today prone to a bout of profit-taking - an understandable reaction that usually comes in the wake of strong gains. The outlook for the British Pound has certainly changed over the course of the past 24 hours. Today's analysis and coverage at Pound Sterling Live will largely focus on the changed outlook and forecasts pertaining to the UK currency.

Highlights:
@06:11: GBP/USD holds gains
@08:30: Sterling suffers bout of profit taking.
@11:17: Forget 2016 - Interest rate hikes due in 2015

August 28,2013

British Pound a Big Winner of the Introduction of Forward Guidance

outlook for the british pound
Wednesday is one of those days that will significantly determine the outlook for the UK currency as the long term policy at the Bank of England is communicated. We bring you the latest views and predictions ahead of the Bank of England's quarterly Inflation Report. And, of course, we will cover the event as well as the subsequent price action in the Pound Sterling.

Highlights:

@8:26: Overly aggressive unemployment threshold will likely sink Sterling.
@09:17: A strong bias against the British Pound still persists.
@10:30: GBP sinks on Bank of England Inflation Report Press Conference.
@11:00: GBP in strong recovery - volatility is the order of the day.
@12:27: GBP in hefty gains.

August 8,2013

Outlook for GBP Dominated by BoE Event-Risk

October 10,2021

British Pound on Monday 6th July: GBP Powers Higher as Services PMI Data Confirms UK Recovery on Track; GBP-USD 0.4 pct Higher

pound sterling today
The British pound sterling (Currency:GBP) is met with important data from the outset with Monday morning seeing the release of Service PMI data. We note a strong start for sterling with gains coming against all the majors we regularly quote.

 

Highlights:

@9:30: Another great PMI reading, GBP pushes higher.
@10:50: Scoper for further GBP/EUR gains.
@14:23: Wednesday could trigger fresh GBP losses.


August 6,2013

British Pound Live on Friday: GBP Long-Term Outlook Improves With NIESR GDP Upgrade, Construction PMI Looms

UK construction data ahead

The British Pound faces another exciting day of trade on Friday. We hear of an improving economic outlook for the UK while we look forward to the next PMI release and US Non-Farm Payroll data out in early afternoon London time.

Highlights:
@8:15: NIESR ugrades outlook for UK economy
@9:36: Sterling shoots higher as Construction PMI surges
@14:01: Sell EUR/GBP

August 5,2013

More Articles …

  1. Double Whammy of Manufacturing PMI and a Silent Bank of England MPC
  2. GfK Consumer Confidence shoots higher
  3. Tuesday 30th: GBP surges versus Australian dollar, remains technically bullish against the US dollar
  4. British Pound Sterling Live on Monday the 30th: GBP forecasted higher versus US dollar but challenged versus Euro and Australian dollar

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