Weekly Review Forex GBP/USD - October 26 to 31

Trade currency pair GBP / USD which has been going on this week (October 26 to 31) indicates the occurrence of pemguatan Sterling U.S. Dollar. After opening in the range of 1.6269 in early trading week, as a result of the closure of Sterling was trading up around 147 points or about 0.90% against the U.S. dollar and closed at 1.6416 range.

Sterling gains related to the improvement in some indicators of the real sector of the country. One of them is yingkat harag housing in the UK to record an increase, leading to hopes that the sector began to recover.

Sterling argued in general is still vulnerable to the U.S. dollar and likely unstable, associated with the plan of setting interest rates by the Bank of England and the release of data by the NIESR GDP estimates.

As for the trade in the next week (November 2 to 7), normal range trading GBP / USD per week is expected to have a support level at 1.6242 and the range of resistance level at 1.6596 range.

The movement of the currency pair is expected to be influenced by several economic data releases include the: Halifax HPI m / m, Manufacturing PMI, PMI Construction, Nationwide Consumer Confidence, Services PMI, Manufacturing Production m / m, the MPC Rate Statement, NIESR GDP Estimate, PPI Input m / mdan G20 Meetings.

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Weekly Review Forex GBP/USD

Trade currency pair GBP / USD which has been going on this week (October 12 to 17) indicates the occurrence of a significant strengthening of sterling against the U.S. Dollar. After opening in the range of 1.5846 in early trading week, as a result of the closure of Sterling trade has risen sharply around 506 points or about 3.19% against the U.S. dollar and closed at 1.6352 range.

As for the trade in this week (October 19 to 24), normal range trading GBP / USD per week is expected to have a support level at 1.5906 and the range of resistance level at 1.6598 range.


Market participants expressed quite optimistic that the UK will soon be out of the recession in the third quarter. And estimated an emergency monetary policy in the form of asset purchase program can be delayed temporarily.

The movement of the currency pair is expected to be influenced by several economic data releases include are: Rightmove HPI m / m, Public Sector Net Borrowing, BOE Speak Gov. King, CBI Industrial Order Expectations, Retail Sales m / m, preliminary GDP q / q.

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Weekly review GBP/USD - 11 October 2009

Trade currency pair GBP / USD which has been going on this week (October 5 to 10) shows the weakening of sterling against the U.S. Dollar. After opening in the range of 1.5930 in early trading week, as a result of the closure of Sterling was trading down around -86 points, or about -0.54% against the U.S. dollar and closed at 1.5844 range.

Sterling weakened this tendency is thought to be the impact of British concerns that the economy was still too weak. So that monetary easing is required either by the suspension of ZIRP (zero interest rate policy) and also the asset purchase program, even though the threat of rising inflation.

GBP/USD Signal Profit

I want to suggests that the pressure on sterling is expected to find support 1.5800an area. Technical possibility of defensive patterns of pair GBP / USD is greater if the support area can not be penetrated.

Letter BOE Inflation is estimated to provide a significant effect of pair GBP / USD at the next week. As for the trade in the next week (October 12 to 17), normal range trading GBP / USD per week is expected to have a support level at 1.5739 and the range of resistance level at 1.6034 range.

The movement of the currency pair on October 12 to 17 is expected to be influenced by several economic data releases include are: BRC Retail Sales Monitor y / y, RICS House Price Balance, RPI y / y, BOE Inflation Letter, claimant Change Count, and Average Earnings Index 3m / y .

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