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 26 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.6100 | 1.5900 | 1.5600 | Sideways | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.5900 | 1.6200 | 1.6500 | Bearish | Bullish | Bullish | ||
| Anna Coulling | 1.6265 | 1.6311 | 1.6432 | Bullish | Bullish | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.5800 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.5500 | - | - | Bearish | ||
| Claudiu Cazacu | 1.6020 | 1.5940 | 1.6300 | Bearish | Bearish | Bullish | ||
| Dr. S. Sivaraman | 1.6321 | 1.6879 | 1.7154 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | - | 1.6210 | 1.6320 | - | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.5200 | - | - | Bearish | ||
| Gonçalo Moreira, CMT | 1.6040 | 1.6200 | 1.5800 | Bearish | Bullish | Bearish | ||
| HSBC Global Research Team | - | - | 1.5560 | - | - | Bearish | ||
| ICN.com analysis team | 1.5820 | 1.5820 | 1.5660 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.6300 | 1.6000 | 1.5750 | Bullish | Bearish | Bearish | ||
| ING Global Economics Team | - | - | 1.5800 | - | - | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.6100 | - | - | Sideways | ||
| Luc Luyet, CMT, CIIA | 1.6100 | 1.6300 | 1.6300 | Sideways | Bullish | Bullish | ||
| Mauricio Carrillo | 1.6200 | 1.6300 | 1.6000 | Bullish | Bullish | Sideways | ||
| NAB Global Markets Research | - | - | 1.6300 | - | - | Bullish | ||
| Rabobank Financial Markets Research Team | - | 1.6100 | 1.6300 | - | Sideways | Bullish | ||
| RBC Economic Research Team | - | - | 1.6500 | - | - | Bullish | ||
| RBS Team | - | - | 1.5800 | - | - | Bearish | ||
| Ross Yamashita | 1.6000 | 1.5600 | 1.5100 | Bearish | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.6200 | - | - | Sideways | ||
| TD Securities Research Team | - | - | 1.6000 | - | - | Sideways | ||
| UBS FX Research Team | - | 1.6200 | 1.5600 | - | Bullish | Bearish | ||
| UniCredit Research | - | - | 1.6300 | - | - | Bullish | ||
| Valeria Bednarik | 1.6025 | 1.6000 | 1.5770 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6300 | - | - | Bullish | - | ||
| Yohay Elam | 1.6200 | 1.6300 | 1.6300 | Bullish | Bullish | Bullish | ||
| Average | 1.6099 | 1.6151 | 1.5998 | Sideways | Sideways | Sideways | ||
swing and quick gain moves may be seen
The pivotal resistance of 1.6180 should hold to protect bears.
Upbeat U.K. and global economic data could continue to keep the GBP/USD pair strategically positioned to challenge its 2012 high and possibly advance further into the $1.60's.
Echoes from the superb GDP report will likely push the pound higher.
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.
Bullish moment returned to cable once again last week on the release of better than expected GDP figures which saw the pair surge back above the psychological 1.6 level with a two bar reversal on the daily chart. Provided we see a break and hold above the 1.6184 area this should provide further momentum for cable to re-test the 1.6300 region in due course.