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British Pound Forecast: GBP/USD, GBP/JPY, EUR/GBP

The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.


GBP/USD, EUR/GBP technical analysis: European open – Nov 9, 2023

A quick look at the charts suggests the British pound might be nearing a burst of energy, and that could be beneficial for GBP/USD bulls or EUR/GBP bears.

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November 9, 2023 03:47 PM
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WTI crude oil, EUR/GBP analysis: European open – 09/10/2023

Gold and oil were higher in Monday’s Asian session in response to weekend news that Israel had declared war against Hamas. With the potential that this could spread into a wider Middle East conflict, gold sucked in safe haven flows whilst oil was higher on supply concerns.

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October 9, 2023 03:31 PM

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EUR/USD, EUR/GBP analysis: European open – 31/08/2023

With the US dollar having fallen for three days ahead of today's PCE inflation report, we're going to need to see some soft numbers for the US dollar to move materially lower from here. So could that could leave an upside surprise and subsequent rally for the US dollar if inflation is hotter than liked? Either way, 1.0900 is likely to be pivotal level for EUR/USD today, and a host of European data points also puts EUR/GBP into focus ahead of the inflation report.

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August 31, 2023 03:22 PM
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GBP/USD, EUR/GBP Forecast: Two Trades to Watch

GBP/USD looks to US data for clues on the Fed’s next move. EUR/GBP holds steady ahead of German inflation.

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August 30, 2023 05:23 PM
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EUR/USD shaken, EUR/GBP to hit YTD low? European open – 23/08/2023

Rising yields and a stronger US dollar weighed heavily on EUR/USD yesterday, which came very close to a break of key support. And if price action on EUR/GBP is anything to go by, a breakdown on EUR/USD may be on the horizon.

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August 23, 2023 02:55 PM
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DAX futures lower on US credit ratings downgrade: European open – 2nd August 2023

The US had their credit rating downgraded for their second time in history by Fitch on Tuesday night, although the relatively muted market reaction suggests there may not be much of a bearish follow-through. With that said, perhaps Asian trade is not quite sure what to make of the headline and we’ll see the real commotion in today’s European and US sessions.

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August 2, 2023 02:59 PM

EUR/GBP, USD/JPY Outlook: Two Trades to Watch

EUR/GBP rises ahead of the BoE rate decision. USD/JPY is supported by BoJ-Fed divergence.

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June 22, 2023 06:30 PM

Oil, EUR/GBP outlook: Two trades to watch

Oil struggles after weak Chinese data & and inventory build. EUR/GBP rises ahead of inflation data, BoE's Andrew Bailey.

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May 17, 2023 05:24 PM

EURGBP outlook, USDJPY outlook: Two trades to watch

Will the BoE boost the pound? USD/JPY falls despite dovish BoJ minutes & after cooling US CPI.

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May 11, 2023 05:03 PM
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European Open: China’s CPI barely inflates, BOE meeting in focus

At 0.1% y/y, China’s consumer price inflation is at levels other economies can only dream of. Next up the BOE’s monetary policy decision.

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May 11, 2023 04:08 PM

EUR/GBP forecast, Oil forecast: Two trades to watch

EUR/GBP falls as more BoE rate hikes are expected. Oil edges lower ahead of EIA stockpile data.

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April 19, 2023 06:00 PM
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EUR/GBP, Gold forecasts: Two trades to watch

EUR/GBP falls after UK GDP & ahead of EZ CPI. Gold rises ahead of US core PCE brining $2000 into focus.

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March 31, 2023 06:18 PM
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Two Trades to Watch: EUR/GBP, USD/JPY

EUR/GBP falls after UK jobs data. USD/JPY rises ahead of US inflation data.

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March 14, 2023 06:56 PM
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Two trades to Watch: EUR/GBP, NASDAQ

EUR/GBP rises ahead of inflation data. Nasdaq breaks below the 200 sma ahead of US jobless claims data.

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March 2, 2023 07:12 PM
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Two Trades to Watch: EUR/GBP, USD/CAD

EUR/GBP digests the post-Brexit deal agreed & looks to Spanish & French inflation. USD/CAD rises ahead of US consumer confidence & Canada GDP.

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February 28, 2023 07:27 PM

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Two Trades to Watch: EUR/GBP, Gold

EUR/GBP looks to a new Brexit deal. Gold falls ahead of US durable goods orders.

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February 27, 2023 07:13 PM
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Two Trades to Watch: EUR/GBP, S&P500

EUR/GBP looks to inflation data, BoE speakers. S&P500 rises post FOMC minutes & ahead of US GDP data.

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February 23, 2023 07:06 PM
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European Open: EUR/USD and EUR/GBP in focus for eurozone CPI

Both EUR/GBP and EUR/GBP are hugging various pivot points ahead of the open, but whichever way they break initially our bias is for a break to new lows.

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February 23, 2023 04:03 PM
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UK beats EU in the battle of PMIs; EUR/GBP takes a hit

EUR/GBP sold off aggressively after the UK posted a stronger flash PMI than that of the Euro Area.

February 22, 2023 07:31 AM

Improving European data boosts ECB and BOE hike bets

The publication of stronger European data again suggests that the eurozone and UK economies remain surprisingly resilient despite high levels of inflation.

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February 21, 2023 11:49 PM
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Two trades to watch: EUR/USD, EUR/GBP

EUR/USD falls post US CPI & ahead of retail sales. EUR/GBP rises after weaker-than-forecast UK inflation.

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February 15, 2023 07:09 PM