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, Sep 21 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.6000 | 1.6150 | 1.6400 | Bearish | Bearish | Sideways | ||
| Alberto Muñoz,PhD | 1.6300 | 1.6570 | 1.6700 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 1.6499 | 1.6243 | 1.5996 | Bullish | Sideways | Bearish | ||
| BoA FX, Rates and Commodities Team | - | 1.5500 | 1.5300 | - | Bearish | Bearish | ||
| Claudiu Cazacu | 1.6320 | 1.6050 | 1.5790 | Bullish | Bearish | Bearish | ||
| Danske Research Team | - | 1.6000 | 1.5900 | - | Bearish | Bearish | ||
| Derek Frey, CTA | 1.6100 | 1.5800 | 1.6300 | Bearish | Bearish | Sideways | ||
| Esteban Mora | 1.6300 | 1.6500 | 1.6300 | Bullish | Bullish | Sideways | ||
| GFM Research Private Limited | 1.6450 | 1.6690 | 1.6690 | Bullish | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 1.6350 | 1.6300 | 1.5500 | Bullish | Sideways | Bearish | ||
| Gregor Horvat | 1.6350 | 1.6450 | 1.6400 | Bullish | Bullish | Sideways | ||
| Ilian Yotov | 1.6000 | 1.6000 | 1.5500 | Bearish | Bearish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | 1.5900 | 1.5800 | - | Bearish | Bearish | ||
| Mauricio Carrillo | 1.6350 | 1.6100 | 1.6000 | Bullish | Bearish | Bearish | ||
| NAB Global Markets Research | 1.5500 | - | 1.6300 | Bearish | - | Sideways | ||
| Rabobank Financial Markets Research Team | - | 1.6100 | 1.6200 | - | Bearish | Sideways | ||
| RBC Economic Research Team | - | 1.5400 | 1.5500 | - | Bearish | Bearish | ||
| RBS Team | - | - | 1.5400 | - | - | Bearish | ||
| Scotiabank FX Strategy Team | - | 1.5500 | 1.5900 | - | Bearish | Bearish | ||
| TD Securities Research Team | - | 1.6800 | 1.6000 | - | Bullish | Bearish | ||
| UBS FX Research Team | - | 1.6200 | 1.5600 | - | Sideways | Bearish | ||
| Valeria Bednarik | 1.6350 | 1.6160 | 1.5770 | Bullish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6500 | - | - | Bullish | - | ||
| Yohay Elam | 1.6300 | 1.6000 | 1.6300 | Bullish | Bearish | Sideways | ||
| Average | 1.6226 | 1.6132 | 1.5980 | Sideways | Bearish | Bearish | ||
Daily chart is clearly bullish, so intra-day set-backs are considered as temporary pull-backs within ongoing trend headed above 2012 highs.
With the Bank of England willing to deploy more QE as early as their October meeting, the GBP/USD pair should correct some of its recent gains against the greenback.
The pound enjoed hopes that Spain would exit the recession. This could keep the bid on the pound.
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.
Cable continues its steady bullish momentum on both the daily and weekly charts with strong buying now appearing in the week. We can expect to see cable push higher on towards 1.65 in due course and even to test the 1.6746 high of late April where we may see cable run into further resistance.