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, Nov 23 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.6000 | 1.5800 | 1.5500 | Sideways | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.6050 | 1.5800 | 1.5500 | Bullish | Bearish | Bearish | ||
| BBVA Bancomer Team | - | 1.5900 | - | - | Bearish | - | ||
| BoA FX, Rates and Commodities Team | - | 1.5800 | 1.5300 | - | Bearish | Bearish | ||
| Capital Economics Research Team | - | 1.5500 | - | - | Bearish | - | ||
| Claudiu Cazacu | 1.5890 | 1.5840 | 1.6200 | Bearish | Bearish | Bullish | ||
| Danske Research Team | - | - | 1.6500 | - | - | Bullish | ||
| Dr. S. Sivaraman | 1.6178 | 1.6654 | 1.7234 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 1.6004 | 1.6004 | 1.6220 | Bullish | Sideways | Bullish | ||
| Goldman Sachs Global Investment Research | - | 1.5200 | - | - | Bearish | - | ||
| Gonçalo Moreira, CMT | 1.6050 | 1.6100 | 1.5800 | Bullish | Bullish | Bearish | ||
| Gus Farrow | 1.6000 | 1.6020 | 1.5750 | Sideways | Sideways | Bearish | ||
| HSBC Global Research Team | - | - | 1.5900 | - | - | Sideways | ||
| Ilian Yotov | 1.5900 | 1.6000 | 1.6000 | Bearish | Sideways | Sideways | ||
| ING Global Economics Team | - | 1.5600 | 1.5500 | - | Bearish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.5800 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 1.5800 | 1.5800 | 1.6000 | Bearish | Bearish | Sideways | ||
| Mauricio Carrillo | 1.6060 | 1.6000 | 1.6100 | Bullish | Sideways | Bullish | ||
| NAB Global Markets Research | - | 1.6300 | 1.6400 | - | Bullish | Bullish | ||
| Nomura FX Research & Strategy | 1.5855 | - | - | Bearish | - | - | ||
| Rabobank Financial Markets Research Team | - | 1.6100 | 1.6300 | - | Bullish | Bullish | ||
| RBC Economic Research Team | - | 1.6500 | 1.6200 | - | Bullish | Bullish | ||
| RBS Team | - | 1.5800 | 1.5600 | - | Bearish | Bearish | ||
| Richard C. Lee | 1.6050 | 1.6125 | 1.6271 | Bullish | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | 1.6200 | 1.6200 | - | Bullish | Bullish | ||
| TD Securities Research Team | - | 1.6000 | 1.5500 | - | Sideways | Bearish | ||
| UBS FX Research Team | - | 1.6200 | 1.5600 | - | Bullish | Bearish | ||
| UniCredit Research | - | 1.6300 | 1.6500 | - | Bullish | Bullish | ||
| Valeria Bednarik | 1.6160 | 1.6000 | 1.5770 | Bullish | Sideways | Bearish | ||
| Westpac Institutional Bank Team | - | 1.5700 | - | - | Bearish | - | ||
| Yohay Elam | 1.5800 | 1.5700 | 1.5700 | Bearish | Bearish | Bearish | ||
| Average | 1.5986 | 1.5961 | 1.5975 | Sideways | Sideways | Sideways | ||
Dovish Bank of England outlook on the economy coupled with uncertainty about Greece and the U.S. "fiscal cliff" could continue to weign on the GBP.
Economic indicators in the UK remain worrying. The leap in GDP of Q3 could also be revised now to the downside.
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.
month end followed by year end aggressive rise moves may be seen