News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/J0EPMD2Cfi https://t.co/ZDuee58Abe
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/niJL2W2yXV
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/0rNbbrd58e
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/zPzJAxBJxt
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/uf6KEYTes5
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/gRjdVfbg66
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/mLLGqYUygY
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/HUYJzEkYiT
  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here: https://t.co/NGRTSfceOW https://t.co/QkSUORIQE2
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/PHK2sqB1jV
Brexit Briefing: UK Foreign Secretary Says 'Not a Penny More'

Brexit Briefing: UK Foreign Secretary Says 'Not a Penny More'

Martin Essex, MSTA, Analyst

Talking Points

- UK Foreign Secretary Boris Johnson says the UK will pay ‘not a penny more, not a penny less’ than necessary to leave the EU.

- However, he backs down from his previous comment that the EU could ‘go whistle’ on its demands for payment.

Check out our Trading Guides: they’re free and have been updated,with several new ones now available including Forex for Beginners, Building Confidence and Traits of Successful Traders

The UK will pay “not a penny more, not a penny less” than its legal obligations to the European Union when it leaves the bloc, according to UK Foreign Secretary Boris Johnson, talking on BBC Radio 4’s flagship Today program.

However, Johnson backed down from his previous comment that the EU could “go whistle” on its payment demands, saying this was merely a response to whether the UK would pay “100 billion Euros or Pounds” and not a refusal to pay anything at all.

Some of the sums that I’ve seen seem to be very high. Of course, we will meet our obligations, Johnson said.

The UK’s “divorce bill” has been one of the most contentious issues in the negotiations and Johnson’s earlier comment was seen at the time as a barrier to the “soft Brexit” that would be the most favorable outcome to the talks for the British Pound and other UK assets. A failure by the two sides to agree, or no Brexit at all, are both seen as less positive for the currency than a negotiated settlement.

In the markets, GBP/USD was firmer Friday after its steady decline so far this month.

Chart: GBP/USD Five-Minute Timeframe (August 25, 2017)

Brexit Briefing: UK Foreign Secretary Says 'Not a Penny More'

Chart by IG

Markets

Index / Exchange Rate

Change (Exchange Hours/GMT Session Rollover)

Market Close/Last

FTSE 100

+0.41%

7,437

DAX

+0.42%

12,232

GBP/USD

+0.22%

1.2829

EUR/USD

+0.04%

1.1805

EUR/GBP

-0.15%

0.9204

Upcoming UK/EU Event Risk

Events

Date, Time (GMT)

Forecast

Previous

UK Nationwide House Prices n.s.a. (YoY) (Aug)

Aug 28

-

2.9%

UK Nationwide House Prices s.a. (MoM) (Aug)

Aug 28

-

0.3%

Euro-Zone M3 s.a. (YoY) (Jul)

Aug 28, 0800

-

5.0%

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

For help to trade profitably,check out the IG Client Sentiment data

And you can learn more by listening to our regular trading webinars;here’s a list of what’s coming up

Like to know about the Traits of Successful Traders? Just click here

Or New to Forex? That guide is here

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES