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.
Agree or disagree? Comments? Your own forecast? Post your thoughts in the Forecasts discussion group!
| GBPUSD | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Oct 19 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.6150 | 1.5900 | 1.5500 | Bullish | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.6280 | 1.6600 | 1.6750 | Bullish | Bullish | Bullish | ||
| Anna Coulling | 1.6177 | 1.6311 | 1.6432 | Bullish | Bullish | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.5800 | - | - | Bearish | ||
| Claudiu Cazacu | 1.6080 | 1.5940 | 1.6300 | Bullish | Bearish | Bullish | ||
| Danske Research EmergingMarkets Team | - | - | 1.6500 | - | - | Bullish | ||
| Dr. S. Sivaraman | 1.6321 | 1.6879 | 1.7154 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 1.5920 | 1.5920 | 1.6440 | Bearish | Bearish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.5200 | - | - | Bearish | ||
| HSBC Global Research Team | - | - | 1.5560 | - | - | Bearish | ||
| ICN.com analysis team | 1.6100 | 1.5925 | 1.5660 | Bullish | Bearish | Bearish | ||
| Ilian Yotov | 1.6300 | 1.6000 | 1.5750 | Bullish | Sideways | Bearish | ||
| ING Global Economics Team | - | - | 1.5800 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.6200 | - | - | Bullish | ||
| Luc Luyet, CMT, CIIA | 1.6000 | 1.6200 | 1.6300 | Sideways | Bullish | Bullish | ||
| Malik Khan | 1.6000 | 1.6250 | 1.5945 | Sideways | Bullish | Sideways | ||
| Mauricio Carrillo | 1.5920 | 1.6180 | 1.6000 | Bearish | Bullish | Sideways | ||
| Rabobank Financial Markets Research Team | - | 1.6100 | 1.6200 | - | Bullish | Bullish | ||
| RBC Economic Research Team | - | - | 1.6500 | - | - | Bullish | ||
| RBS Team | - | - | 1.5800 | - | - | Bearish | ||
| Ross Yamashita | 1.6000 | 1.5700 | 1.6100 | Sideways | Bearish | Sideways | ||
| Scotiabank FX Strategy Team | - | - | 1.6200 | - | - | Bullish | ||
| TD Securities Research Team | - | - | 1.6000 | - | - | Sideways | ||
| UBS FX Research Team | - | 1.6200 | 1.5600 | - | Bullish | Bearish | ||
| UniCredit Research | - | - | 1.6300 | - | - | Bullish | ||
| Valeria Bednarik | 1.5880 | 1.5770 | 1.5560 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6300 | - | - | Bullish | - | ||
| Yohay Elam | 1.6000 | 1.5900 | 1.6300 | Sideways | Bearish | Bullish | ||
| Average | 1.6081 | 1.6122 | 1.6069 | Bullish | Bullish | Sideways | ||
The GBP/USD sp far managed to sustain above $1.60 and if this continues to be the case, the pair will be positioned to challenge its 2012 high.
Positive signs are seen in the UK, but global headwinds could keep the pair down.
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.
However, despite this temporary setback expect to see cable move higher once again, ultimately to test the 1.6313 area of mid September in due course.