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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • 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:
  • Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term. Get your market update from @DanielGMoss here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations - $CL #Crudeoil #OOTT #OPEC
  • Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted. Get your market update from @PaulRobinsonFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Rising yields and US Dollar creates a weak environment for gold, which trades at a 9-month low. Get your market update from @JMcQueenFX here:
  • RT @FxWestwater: US Dollar Fundamental Forecast: US Dollar Eyes Inflation Data After NFP Boost Link: $DXY https://…
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
Brexit Briefing: UK Government Heads For Row With Parliament

Brexit Briefing: UK Government Heads For Row With Parliament

Martin Essex, MSTA, Analyst

Talking Points

- The UK’s Brexit Secretary has angered members of the Westminster Parliament by suggesting they will not be able to vote on a Brexit deal until after the UK has left the EU.

- Almost immediately, he was contradicted by the British Prime Minister but doubts remain.

What Does the Fourth Quarter Hold for the Pound, Equities, Oil and Other Key Markets? Find out here

The UK Government, already under attack over the lack of progress in its Brexit negotiations with the EU, is now facing another row at home – with UK Brexit Secretary David Davis suggesting that members of the UK Parliament in Westminster might not have a vote on a Brexit deal until after the UK has left the EU.

Asked by opposition Labour Party politician Seema Malhotra whether Parliament could end up voting on an exit deal after the exit date, in the event that negotiations ran until the eleventh hour, Davis replied: “It could be, yeah. It depends when it concludes… it can’t come before we have the deal.”

That prompted outrage among some members of Parliament, with Malhotra issuing a statement saying: Yet again the Government is treating Parliamentary democracy with contempt. We were promised a meaningful vote on the deal; it beggars belief that it may well come after we leave the European Union.

The exchange prompted an immediate response from UK Prime Minister Theresa May, who said she expects Parliament to have a vote on the final Brexit deal before the country has formally left the bloc.We will be able to achieve that agreement and negotiation in time for this Parliament to have the vote, she said.

Later, a spokesperson for Davis said: "We are working closely to reach an agreement on the final deal in good time to leave the EU in March 2019. Once the deal is agreed we will meet our long-standing commitment to a vote in both Houses [of Parliament] and we expect and intend this to be before the vote in the European Parliament and therefore before we leave."

An argument with the UK Parliament would be a huge problem for May, who lost her Parliamentary majority in June after calling a General Election she did not need to. Now, she could lose a vote if she fails to bring Northern Ireland’s Democratic Unionists on side or faces a rebellion from her own ruling Conservative Party.

Meanwhile, UK Chancellor of the Exchequer Philip Hammond has welcomed today’s stronger-than-expected third-quarter economic growth figures, saying GDP has continued its pattern since last year’s Brexit vote of outperforming economists’ expectations. The data prompted a sharp rise in the British Pound as they make a doubling of UK Bank Rate to 0.5% on November 2 a near-certainty.

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

Brexit Briefing: UK Government Heads For Row With Parliament

Chart by IG

Here’s a recording of today’s live webinar on how the UK GDP data increase the likelihood of a UK rate rise

Earlier, Davis said the Brexit negotiations with the EU are not expected to end until the last moment before the UK officially leaves the bloc in March 2019.The EU tends to make decisions at the 59th minute of the 11thhour of the 11thday and so on, and that is precisely what I would expect to happen,” he said.

The negotiations have stalled over the divorce terms, including the size of the bill the UK must pay to settle its commitments to the bloc, and the UK is keen to start talking about future relations; a step the EU may agree to take in December.

The EU side has said that in practice the negotiations will have to be finished even sooner, by the fall of 2018, to give the European Parliament and 27 national parliaments enough time to approve the deal by March 2019.Davis told a Parliamentary committee that the last-minute negotiations would be very high-stress, very exciting for everybody watching.”


Brexit Briefing: UK Government Heads For Row With Parliament

Upcoming UK/EU Event Risk (October 26, 2017, All Times GMT)

Brexit Briefing: UK Government Heads For Row With Parliament

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at

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

Check out our Trading Guides: Several new ones are now available including Forex for Beginners, Building Confidence and Traits of Successful Traders

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.