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 04 2013, 17:00 GMT | |||||||
| A. Narczewski | 1.6150 | 1.6000 | 1.5700 | Bullish | Bearish | Bearish | ||
| Alberto Muñoz,PhD | 1.5900 | 1.5800 | 1.5400 | Bearish | Bearish | Bearish | ||
| Anna Coulling | 1.6193 | 1.6303 | 1.5972 | Bullish | Bullish | Sideways | ||
| ANZ FX Strategy Team | - | - | 1.6100 | - | - | Sideways | ||
| BoA FX, Rates and Commodities Team | - | - | 1.5200 | - | - | Bearish | ||
| Capital Economics Research Team | - | - | 1.6300 | - | - | Bullish | ||
| Claudiu Cazacu | 1.6080 | 1.5940 | 1.6200 | Sideways | Bearish | Bullish | ||
| Danske Research Team | - | - | 1.6100 | - | - | Sideways | ||
| Goldman Sachs Global Investment Research | - | - | 1.5200 | - | - | Bearish | ||
| Gus Farrow | 1.6090 | 1.6250 | 1.5500 | Sideways | Bullish | Bearish | ||
| Ilian Yotov | 1.6200 | 1.6300 | 1.6000 | Bullish | Bullish | Sideways | ||
| J.P. Morgan Global FX Strategy | - | - | 1.5800 | - | - | Bearish | ||
| Luc Luyet, CMT, CIIA | 1.6050 | 1.6100 | 1.6300 | Sideways | Sideways | Bullish | ||
| Mauricio Carrillo | 1.6160 | 1.6300 | 1.6500 | Bullish | Bullish | Bullish | ||
| NAB Global Markets Research | - | - | 1.6100 | - | - | Sideways | ||
| Nomura FX Research & Strategy | 1.6000 | - | - | Bearish | - | - | ||
| Rabobank Financial Markets Research Team | - | 1.6100 | 1.6300 | - | Sideways | Bullish | ||
| RBC Economic Research Team | - | - | 1.6700 | - | - | Bullish | ||
| RBS Team | - | - | 1.5600 | - | - | Bearish | ||
| Richard C. Lee | 1.6063 | 1.6000 | 1.5825 | Sideways | Bearish | Bearish | ||
| Scotiabank FX Strategy Team | - | - | 1.6200 | - | - | Bullish | ||
| TD Securities Research Team | - | 1.6100 | 1.6100 | - | Sideways | Sideways | ||
| UBS FX Research Team | - | 1.6200 | 1.6200 | - | Bullish | Bullish | ||
| Valeria Bednarik | 1.6160 | 1.6250 | 1.6000 | Bullish | Bullish | Sideways | ||
| Yohay Elam | 1.6100 | 1.6400 | 1.5900 | Sideways | Bullish | Bearish | ||
| Average | 1.6096 | 1.6146 | 1.5967 | Sideways | Bullish | Sideways | ||
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.
Cable could stabilize at these levels, after false upwards breakout and the following plunge.
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.
Having cleared the 1.63 price point cable promptly sold off sharply to leave a deep shooting star candle on the daily chart which was promptly validated the following day as dollar strengh on hawkish comments from the FOMC. Cable is now once again testing the psychological 1.60 price level but with a strong platform of support at this price except to see a bounce off this platform and a return to test, initially the 1.6186 level, before returning to the 1.63 area in due course.