Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.
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| GBPUSD | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Aug 03 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.5650 | 1.5800 | 1.5200 | Sideways | Bullish | Bearish | ||
| ANZ FX Strategy Team | - | - | - | Sideways | Sideways | Sideways | ||
| Claudiu Cazacu | 1.5480 | 1.5350 | 1.5600 | Bearish | Bearish | Sideways | ||
| Danske Research Team | - | - | 1.5500 | - | - | Sideways | ||
| Esteban Mora | 1.5400 | 1.5200 | 1.5000 | Bearish | Bearish | Bearish | ||
| Gavin Grier-Rees | 1.5150 | 1.4850 | 1.4750 | Bearish | Bearish | Bearish | ||
| Gonçalo Moreira, CMT | 1.5750 | 1.6100 | 1.5600 | Bullish | Bullish | Sideways | ||
| ICN.com analysis team | 1.5360 | 1.5230 | 1.4780 | Bearish | Bearish | Bearish | ||
| Joshua Martinez | 1.5700 | 1.6000 | 1.6200 | Bullish | Bullish | Bullish | ||
| Malik Khan | 1.5410 | 1.5320 | 1.5230 | Bearish | Bearish | Bearish | ||
| Mauricio Carrillo | 1.5700 | 1.6000 | 1.5500 | Bullish | Bullish | Sideways | ||
| Rabobank Financial Markets Research Team | 1.5600 | 1.5400 | 1.5400 | Sideways | Bearish | Bearish | ||
| RBS Team | - | - | 1.5630 | - | - | Sideways | ||
| UBS FX Research Team | - | 1.5500 | 1.5500 | Sideways | Bearish | Sideways | ||
| UniCredit Research | - | - | 1.5000 | - | - | Bearish | ||
| Valeria Bednarik | 1.5440 | 1.5260 | 1.5000 | Bearish | Bearish | Bearish | ||
| Yohay Elam | 1.5400 | 1.5200 | 1.5400 | Bearish | Bearish | Bearish | ||
| Average | 1.5503 | 1.5478 | 1.5331 | Bearish | Bearish | Bearish | ||
Abreak below 1.5510 will reinforce the negative pressure expected during the upcoming period.
GBPUSD Is expecting to rally bullish at support.
The pound weakened, as there the markets are worried that the ECB may not take any concrete steps to address the Eurozone debt crisis. GBP/USD dropped below the 1.57 level, and was trading at 1.5670.
The pound may follow the euro, espcially with recent worrying figures. The bigger fall is likely after the Olympic Games.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXstreet.com cannot be held responsible for inaccurate information or typos.
The dynamic is playing out much as we have been predicting; as the euro weakens sterling receives some safe haven support within Europe. In turn this prevents cable collapsing. However weak UK eco data will ensure that it heads lower too.