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, Feb 01 2013, 17:00 GMT | |||||||
| A. Narczewski | 1.5650 | 1.5500 | 1.5300 | Bearish | Bearish | Bearish | ||
| ANZ FX Strategy Team | - | - | 1.6300 | - | - | Bullish | ||
| BoA FX, Rates and Commodities Team | - | - | 1.5700 | - | - | Sideways | ||
| Capital Economics Research Team | - | - | 1.6000 | - | - | Bullish | ||
| Claudiu Cazacu | 1.5890 | 1.5940 | 1.6100 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | 1.6200 | 1.6100 | - | Bullish | Bullish | ||
| Dr. S. Sivaraman | 1.6242 | 1.6765 | 1.7154 | Bullish | Bullish | Bullish | ||
| Goldman Sachs Global Investment Research | - | - | 1.6500 | - | - | Bullish | ||
| Gonçalo Moreira, CMT | 1.5960 | 1.5700 | 1.5700 | Bullish | Sideways | Sideways | ||
| Gus Farrow | 1.5700 | 1.5500 | - | Bearish | Bearish | - | ||
| HSBC Global Research Team | - | - | 1.5880 | - | - | Bullish | ||
| ICN.com analysis team | 1.5675 | 1.5475 | 1.5260 | Bearish | Bearish | Bearish | ||
| Ilian Yotov | 1.5700 | 1.6000 | 1.6000 | Bearish | Bullish | Bullish | ||
| ING Global Economics Team | - | - | 1.6200 | - | - | Bullish | ||
| J.P. Morgan Global FX Strategy | - | - | 1.5900 | - | - | Bullish | ||
| Luc Luyet, CMT, CIIA | 1.5700 | 1.5500 | 1.5800 | Bearish | Bearish | Sideways | ||
| Mauricio Carrillo | 1.5690 | 1.5900 | 1.6000 | Bearish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 1.5500 | - | - | Bearish | ||
| National Bank of Canada Eco. & Strat. Team | - | - | 1.5600 | - | - | Bearish | ||
| Nomura FX Research & Strategy | 1.5900 | - | - | Bullish | - | - | ||
| Rabobank Financial Markets Research Team | - | 1.5800 | 1.5700 | - | Sideways | Sideways | ||
| RBC Economic Research Team | - | - | 1.6700 | - | - | Bullish | ||
| RBS Team | - | - | 1.5630 | - | - | Bearish | ||
| Ross Yamashita | 1.5800 | 1.5600 | 1.6000 | Sideways | Bearish | Bullish | ||
| Scotiabank FX Strategy Team | - | - | 1.5900 | - | - | Bullish | ||
| TD Securities Research Team | - | - | 1.5700 | - | - | Sideways | ||
| UBS FX Research Team | - | 1.5900 | 1.5300 | - | Bullish | Bearish | ||
| UniCredit Research | - | - | 1.5500 | - | - | Bearish | ||
| Valeria Bednarik | 1.5660 | 1.5510 | 1.5200 | Bearish | Bearish | Bearish | ||
| Westpac Institutional Bank Team | - | 1.6000 | - | - | Bullish | - | ||
| Yohay Elam | 1.5800 | 1.5800 | 1.5800 | Sideways | Sideways | Sideways | ||
| Average | 1.5797 | 1.5818 | 1.5872 | Sideways | Sideways | Bullish | ||
The pair should come below 1.5675 to affirm the bearishness started at 1.6300 boundaries over short and medium term basis.
The pound has seen pressure rising recently and could head lower if the market continues to price expectations of more QE by the Bank of England.
The pound recovered from the lows but is unlikely to go too far.
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.
Aggressive gaining moves may be seen in coming days - shift in trading zone is to happen.