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gbp/usd Technicals

Monday, 05 January 2009 14:10:25 GMT

British Pound Technical Outlook

By Jamie Saettele, Senior Currency Strategist

gbp/usd Fundamentals

Monday, 05 January 2009 21:44:08 GMT

British Pound Shows Signs of Life as Gilts Yields Rocket Higher

By Terri Belkas, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

British Pound (GBP)

 ico-clock Current Time - London: 5:29 AM | EST: 12:29 AM | GMT: 5:29 AM


SENTIMENT AND POSITIONING
SSI Positioning

GBP/USD ratio: 1.47
Trading Forecast: Bearish


Full Article
COT Positioning

GBP: The interpretation of the British Pound COT numbers are the exact same as the interpretation of the COT numbers for the Euro.

                  

 


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
GBP Purchasing Manager Index Construction (DEC) 30.5 31.8
GBP Nationwide Consumer Confidence (DEC) 51 (R+)
GBP Nationwide House Prices s.a. (MoM) (NOV) -1.5% -0.4%
GBP Nationwide House Prices n.s.a. (YoY) (DEC) -14.7% -13.9%
GBP Purchasing Manager Index Services (DEC) 39.0 40.1
GBP Official Reserves (Changes) (DEC) $2.249B
GBP BRC Shop Price Index (DEC)
GBP Bank of England Rate Decision 1.50% 2.00%


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Technicals - Support and Resistance for GBP
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 1.5519 High Bollinger Band Resistance Benchmark 2.00
R3 1.5133 High 50-Day SMA
R2 1.5000 Medium Psychological Resistance 1 Week 2.075
R1 1.4858 High 20-Day SMA 1 Month 2.268
S1 1.4382 High 12/29 Low 3 Month 2.903
S2 1.4239 Medium 03/2002 Low 6 Month 3.088
S3 1.4100 Medium Psychological Support 9 Month 3.160
S4 1.3932 High 07/2001 Low 1 Year 3.195
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FROM THE CENTRAL BANK
  Central Bank: Bank of England
  Current Bias: Dovish
  Current Interest Rate: 2.00%
  Last Change: 12/04/2008 cut 100bp
  Next Meeting: 01/07/2008  More Dates
Latest Bank of England Interest Rate Outlook		  
Central Bank Governor: Mervyn King

Current Voting Members: Kate Barker, Charles Bean, Tim Besley, Prof. David Blanchflower, Andrew Sentance, Paul Tucker