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.

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
EUR/USD
Bullish
Oil - US Crude
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Norges Bank Governor says currency market functioning well adds that they have no particular target level for NOK
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/2NE7dnWMM4
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/F0bT0tnjiY
  • $NOK slips on the release given market pricing had been for a signal of a slightly earlier hike than previously forecast https://t.co/iQcZ70pCII
  • 🇩🇪 Ifo Business Climate (SEP) Actual: 93.4 Expected: 93.8 Previous: 92.5 https://www.dailyfx.com/economic-calendar#2020-09-24
  • Norges Bank - The policy rate forecast is little changed since June 2020 Monetary Policy Report and implies a rate at the current level over the next couple of years, followed by a gradual rise as activity approaches a more normal level $NOK
  • 🇳🇴 Norges Bank Interest Rate Decision Actual: 0% Expected: 0% Previous: 0% https://www.dailyfx.com/economic-calendar#2020-09-24
  • 🇩🇪 Ifo Business Climate (SEP) Actual: 93.4 Expected: 93.8 Previous: 92.6 https://www.dailyfx.com/economic-calendar#2020-09-24
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/HbVXBTslrS
  • SNB will detail FX interventions on a quarterly basis from September 30
Pound Drops on Brexit Trigger But Follow-Through May Be Limited

Pound Drops on Brexit Trigger But Follow-Through May Be Limited

2017-03-29 09:55:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Brexit-inspired Pound down move may lack follow-through
  • Aussie Dollar outperforms, rising alongside iron ore prices
  • Markets may see tepid response to status-quo Fed comments

The British Pound underperformed in Asian trade as markets braced for the UK government to activate Article 50 of the Treaty of Lisbon, formally initially “Brexit” proceedings. Scope for follow-through seems limited however. Investors have known that this is coming for a long time and are unlikely to find anything materially novel in those expectations being validated, at least in the near term.

The Australian Dollar continued to edge higher, building on earlier gains. The currency posted the largest daily gain in a week against its US counterpart in the preceding session, soaring alongside iron ore prices. Along with coal, the steelmaking input is a top export commodity for Australia’s pivotal mining sector, making its price a major consideration shaping economic growth trends.

Looking ahead, a quiet European economic data docket will probably see the spotlight return to Fed commentary again. Speeches from Charles Evans, Eric Rosengren and John Williams of the central bank’s Chicago, Boston and San Francisco branches are on the schedule. Fiscal policy uncertainty has encouraged officials to stick close to the status quo however, so a volatility-stoking bombshell is probably unlikely.

Have a question about trading financial markets? Join a Trading Q&A webinar and ask it live!

Asia Session

Pound Drops on Brexit Trigger But Follow-Through May Be Limited

European Session

Pound Drops on Brexit Trigger But Follow-Through May Be Limited

** All times listed in GMT. See the full DailyFX economic calendar here.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES