Research

gbp/usd Technicals

Wednesday, 01 July 2009 14:19:56 GMT

British Pound Technical Outlook

By Jamie Saettele, Senior Currency Strategist

gbp/usd Fundamentals

Friday, 03 July 2009 16:54:15 GMT

British Pound May Remain Under Pressure Ahead of BoE Rate Decision

By John Rivera, Currency Analyst
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

British Pound (GBP)

 ico-clock Current Time - London: 1:04 AM | EST: 8:04 PM | GMT: 12:04 AM


SENTIMENT AND POSITIONING
SSI Positioning

Full Article
COT Positioning

GBP: The 13 week index is at 100, which indicates a sentiment extreme.  A top typically accompanies index readings of 100.


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
GBP Nationwide House Prices s.a. (MoM) (JUN) -0.5% 1.3% (R+)
GBP Nationwide House Prices n.s.a. (YoY) (JUN) -10.8% -11.3%
GBP Hometrack Housing Survey (MoM) (JUN) 0.0%
GBP Hometrack Housing Survey (YoY) (JUN) -9.6%
GBP Net Consumer Credit (MAY) 0.3B 0.2B(R-)
GBP Mortgage Approvals (MAY) 46.0K 43.2K
GBP Net Lending Sec. on Dwellings (MAY) 1.0B 0.9B
GBP M4 Money Supply (MoM) (MAY F) 0.2%


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Technicals - Support and Resistance for GBP
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.7201 Medium 10/21 High Benchmark 0.50
R3 1.7000 High Psychological Resistance
R2 1.6833 High 50.0% Fibo 2.0160-1.3504 1 Week 0.585
R1 1.6665 High 6/3High 1 Month 0.649
S1 1.6370 High 20-Day SMA 3 Month 1.178
S2 1.6187 Medium 6/18 Low 6 Month 1.400
S3 1.5798 High 38.2% Fibo of 1.4397-1.6664 9 Month 1.554
S4 1.5533 High 50.0% Fibo of 1.4397-1.6664 1 Year 1.693
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FROM THE CENTRAL BANK
  Central Bank: Bank of England
  Current Bias: Neutral
  Current Interest Rate: 0.50%
  Last Change: 06/04/2009 no change
  Next Meeting: 07/08/2009  More Dates
Latest Bank of England Interest Rate Outlook		  
Central Bank Governor: Mervyn King

Current Voting Members:
Charles Bean, Deputy Governor,Sir John Gieve, Deputy Governor,Kate Barker,Tim Besley ,Prof. David Blanchflower,Spencer Dale ,Andrew Sentance, Paul Tucker