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, Jan 25 2013, 17:00 GMT | |||||||
| A. Narczewski | 1.5850 | 1.5700 | 1.5500 | Sideways | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.5800 | 1.5500 | 1.5300 | Sideways | Bearish | Bearish | ||
| Anna Coulling | 1.5930 | 1.6104 | 1.5972 | Bullish | Bullish | Bullish | ||
| ANZ FX Strategy Team | - | - | 1.6300 | - | - | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.5700 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.6000 | - | - | Bullish | ||
| Claudiu Cazacu | 1.5790 | 1.5870 | 1.6250 | Sideways | Sideways | Bullish | ||
| Danske Research Team | - | 1.6200 | 1.6100 | - | Bullish | Bullish | ||
| Dr. S. Sivaraman | 1.6232 | 1.6787 | 1.7323 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.6500 | - | - | Bullish | ||
| Gonçalo Moreira, CMT | 1.6000 | 1.5800 | 1.5700 | Bullish | Sideways | Bearish | ||
| Gus Farrow | 1.5900 | 1.5700 | - | Bullish | Bearish | - | ||
| HSBC Global Research Team | - | - | 1.5880 | - | - | Sideways | ||
| ICN.com analysis team | 1.5740 | 1.5680 | 1.5555 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.6000 | 1.6000 | 1.6000 | Bullish | Bullish | Bullish | ||
| ING Global Economics Team | - | - | 1.6200 | - | - | Bullish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.5900 | - | - | Sideways | ||
| Luc Luyet, CMT, CIIA | 1.6000 | 1.6000 | 1.6200 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 1.5900 | 1.6000 | 1.6000 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 1.6000 | - | - | Bullish | ||
| Nomura FX Research & Strategy | 1.5900 | - | - | Bullish | - | - | ||
| Rabobank Financial Markets Research Team | - | 1.6200 | 1.6000 | - | Bullish | Bullish | ||
| RBC Economic Research Team | - | - | 1.6700 | - | - | Bullish | ||
| RBS Team | - | - | 1.5630 | - | - | Bearish | ||
| Richard C. Lee | 1.5950 | 1.6000 | 1.5825 | Bullish | Bullish | Sideways | ||
| Scotiabank FX Strategy Team | - | - | 1.6200 | - | - | Bullish | ||
| TD Securities Research Team | - | - | 1.5700 | - | - | Bearish | ||
| UBS FX Research Team | - | - | 1.6200 | - | - | Bullish | ||
| UniCredit Research | - | - | 1.6200 | - | - | Bullish | ||
| Valeria Bednarik | 1.5770 | 1.5560 | 1.5200 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6000 | - | - | Bullish | - | ||
| Average | 1.5912 | 1.5944 | 1.6001 | Bullish | Bullish | Bullish | ||
prolonged middle level consolidation could lead to aggressive rise in coming days.
Despite of the recent pullback of the GBP, 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.
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 is now trying to re-base in the 1.5750 area, following a fundamental driven move lower which saw the pair breach potential support in the 1.58 price zone before ending the week below this region. Any bounce back will require further consolidation at the 1.5750 area & with the 200 weekly moving average now been testing cable is now at a delicate point.