GBP/USD

The British pound is correcting its extensive rally with a minor pullback. It seems to be only temporary in our view, so we would buy calls if certain conditions are met.

The pound could rise a bit more, however with the big risk event of the Federal Reserve meeting tomorrow evening we will be extra careful with our position sizes.

The Pound has rallied very strongly after UK retail released last week. Will this rally be sustainable? For now we believe that it could be.

The British Pound is licking its wounds from the past couple of days. We would bet on a small recovery if the price dips lower from current levels.

The Pound sterling is consolidating its recent losses. For now we believe that the recent correction has still some way to go, hence we stay sidelined with our finger on the trigger.

The GBP/USD pair is consolidating on Friday afternoon, which creates nice opportunities both ways. Minimize your risks and if the price allows it, follow up with some trades.

The Pound Sterling might be the star of the day, unless the US jobs numbers are really strong.

Catching a falling knife, or where is the GBP/USD headed?

Sterling remains bid, but for how long can it sustain it? This Wednesday the U.S. dollar dropped rather broadly across the board – more so against the Japanese yen, less so against its European counterparties, as currency investors reevaluated their recent expectations that the US Federal Reserve could start reducing its stimulus efforts sometime this summer.

In our daily forecast during the last trading day of the week we will tempt our fellow binary options traders to take a look at the opportunities the GBP/USD pair is providing. The Pound Sterling closed in NY at $1.5233 after rate had followed euro-dollar's short covering recovery. The rate moved up from around $1.5111 to a high of $1.5238 before easing into the close.

Our last forecast for binary trading for this week will dive into the GBP/USD pair – as we are drawing closer to the appointment of Mark Carney as head of the Bank Of England, the pound sterling is likely to be burdened – policymakers are likely to be willing to keep exports of the UK economy competitive by keeping the currency lower.

A disappointing GDP number could send the GBP/USD tumbling, as we consider as disappointing any number that is in negative territory quarter on quarter.

In our daily currency review we will take a look at the rather volatile days for GBP/USD pair. As the UK retail sales numbers hit the newswires fell in March, hit by cold weather, after rebounding in February.