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A target of 1.4005 on GBP/USD from Barclays.

Barclays analysts turned even more bearish on GBP/USD after the pair fell below the support level of 1.4340 “and signal a double-top under the 1.4770 highs.” “Our initial targets are towards the 1.4090 area. A move below there would signal downside towards 1.4005” written in the report. As of 9:02 AM EDT the pair was […]

Bearish outlook on GBP from Morgan Stanley.

Morgan Stanley analysts provided their bearish outlook on GBP today. “Recent GBP weakness has been driven by a turnaround in the latest Brexit poll results, which we believe will remain volatile in the run up to the referendum. However, we stay bearish on GBP for structural reasons. First, recent UK economic data has remained sluggish. […]

Morgan Stanley is bearish on GBP.

Morgan Stanley analysts provided their outlook on GBP ahead of Brexit. “GBP’s sensitivity to the EU referendum polls has increased this week with the polls shifting towards remain. We believe the currency is going to remain sensitive to oil and equities too, so have kept our short GBP position in the portfolio but note the […]

Barclays is neutral on GBP/USD.

Analysts at Barclays provided their targets on GBP/USD, stating their neutral outlook. “We are neutral and look for signs of a top near the 1.4670 range highs to prompt us to turn more bearish. A decisive break above 1.4670 however, would force us to assume a stronger than currently expected corrective rally. For now we […]

Barclays is bearish on GBP/USD.

The technical strategy team at Barclays Capital provided technical setups for major currency pairs. The analysts are bearish on GBP/USD currency pair. “We look for a break below our initial downside targets near 1.4050 to confirm downside traction towards support near 1.3980 and then our next targets in the 1.3835 area, the year-to-date lows” written […]

Bullish targets on GBP/USD from UOB.

Analysts at UOB think that GBP/USD will gain further in the days ahead, although the rate seem to be overbought after a massive rally from 1.4053 lows last week. A move above 1.4570 resistance level will lead the rate towards the high of 1.4672. Generally, GBP is expected to remain strong as long as the […]

Bearish forecast on GBP/USD from Barclays.

Barclays analysts are bearish on GBP/USD, noting that they will use the slight increase as an opportunity to sell at better rate. According to the analysts a break below the support level of 1.3835 will move the rate down towards 1.3500 levels, which is near the 2009 lows. The currency pair finished at 1.4227, up […]
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