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, Dec 21 2012, 17:00 GMT | |||||||
| A. Narczewski | 1.6150 | 1.5900 | 1.5700 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 1.6144 | 1.6489 | 1.5972 | Bearish | Bullish | Bearish | ||
| ANZ FX Strategy Team | - | - | 1.6100 | - | - | Sideways | ||
| BBVA Bancomer Team | - | - | 1.5900 | - | - | Bearish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.5200 | - | - | Bearish | ||
| Capital Economics Research Team | 1.6000 | - | 1.5500 | Bearish | - | Bearish | ||
| Claudiu Cazacu | 1.6320 | 1.5940 | 1.6200 | Bullish | Bearish | Sideways | ||
| Danske Research Team | - | 1.6200 | 1.6100 | - | Sideways | Sideways | ||
| Dr. S. Sivaraman | 1.6562 | 1.6976 | 1.7234 | Bullish | Bullish | Bullish | ||
| GFM Research Private Limited | 1.6180 | 1.6340 | 1.6340 | Sideways | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | 1.5200 | - | - | Bearish | - | ||
| Ilian Yotov | 1.6200 | 1.6300 | 1.6000 | Sideways | Bullish | Bearish | ||
| ING Global Economics Team | - | 1.5800 | 1.5400 | - | Bearish | Bearish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.5800 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 1.6150 | 1.6100 | 1.6200 | Bearish | Bearish | Sideways | ||
| Mauricio Carrillo | 1.6250 | 1.6300 | 1.6500 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 1.6100 | - | - | Sideways | ||
| Rabobank Financial Markets Research Team | - | 1.6100 | 1.6300 | - | Bearish | Sideways | ||
| RBC Economic Research Team | - | 1.6300 | 1.6700 | - | Bullish | Bullish | ||
| RBS Team | - | - | 1.5600 | - | - | Bearish | ||
| Richard C. Lee | 1.6125 | 1.6396 | 1.6500 | Bearish | Bullish | Bullish | ||
| Scotiabank FX Strategy Team | - | 1.6200 | 1.6200 | - | Sideways | Sideways | ||
| TD Securities Research Team | - | 1.6100 | 1.6100 | - | Bearish | Sideways | ||
| UBS FX Research Team | - | 1.6200 | 1.6200 | - | Sideways | Sideways | ||
| UniCredit Research | - | 1.6300 | 1.6100 | - | Bullish | Sideways | ||
| Valeria Bednarik | 1.6160 | 1.6000 | 1.5770 | Bearish | Bearish | Bearish | ||
| Yohay Elam | 1.6200 | 1.6400 | 1.5900 | Sideways | Bullish | Bearish | ||
| Average | 1.6203 | 1.6177 | 1.6062 | Sideways | Sideways | Sideways | ||
year end upward move is expected to be aggressive
As long as the Bank of England continues to sit on the QE sidelines, the GBP should remain as a viable alternative to other currencies whose central banks go full speed ahead with more easing.
With the dovish BOE, it is hard to see cable breaking above 1.63.
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 now testing the 1.6300 region. If this key level of price resistance is breached, then expect to see the GBP/USD continue higher in early 2013 and extend the current bullish momentum further, with a test of the 1.6589 price level last seen in 2011, now in sight.