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gbp/usd Technicals

Tuesday, 26 August 2008 14:08:42 GMT

British Pound Technical Outlook

By Jamie Saettele, Senior Currency Strategist

gbp/usd Fundamentals

Thursday, 28 August 2008 00:43:20 GMT

Pound Falters As Earnings Reports Show Housing Strain, Event Risk Picks Up Thursday

By John Kicklighter, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

British Pound (GBP)

 ico-clock Current Time - London: 3:10 AM | EST: 10:10 PM | GMT: 2:10 AM


SENTIMENT AND POSITIONING
SSI Positioning

GBP/USD Ratio: 1.36
Signal: Bearish


Full Article
COT Positioning

GBP: The 52 week COT index is at 0 after having been at 0 the week before.


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
GBP Nationwide House Prices s.a. (MoM) (AUG) -1.3% -1.7%
GBP Nationwide House Prices n.s.a. (YoY) (AUG) -9.6% -8.1%
GBP BBA Loans for House Purchase (JUL) 22369(R+)
GBP U.K. CBI Distributive Trades Report (AUG)
GBP GfK Consumer Confidence Survey (AUG) -40 -39


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Technicals - Support and Resistance for GBP
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 2.0000 High Psychological Resistance Benchmark 5.00
R3 1.9785 High 200-Day SMA
R2 1.9564 Medium 50-Day SMA 1 Week 5.084
R1 1.9122 Medium 20-Day SMA 1 Month 5.363
S1 1.8500 Medium Psychological Level 3 Month 5.754
S2 1.8406 High 38.2% Fibo 1.5649-2.1156 6 Month 5.914
S3 1.8229 Medium 7/19/2006 Low 9 Month 5.967
S4 1.8000 Medium Pschological Support 1 Year 6.026
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FROM THE CENTRAL BANK
  Central Bank: Bank of England
  Current Bias: Dovish
  Current Interest Rate: 5.00%
  Last Change: 04/10/2008 cut 25bp
  Next Meeting: 07/10/2008  More Dates
Latest Bank of England Interest Rate Outlook		  
Central Bank Governor: Mervyn King

Current Voting Members: Kate Barker, Charles Bean, Tim Besley, Prof. David Blanchflower, Andrew Sentance, Paul Tucker