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.

Free Trading Guides
EUR/USD
Mixed
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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
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
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • RT @TaviCosta: The labor market has started to crack. ADP report leads annual change in unemployment rate with a 0.9 correlation. Equity…
  • RT @economics: How likely is it that the U.S. will enter a recession? This tracker will tell you https://t.co/GV0blNwNOx
  • #DidYouKnow the global trade volumes dropped by close to 10% amid the Great Recession. Want to know your #tradewars history? Get it here: https://t.co/f4loFVimeY https://t.co/E4GkupnRnC
  • Central bank independence has several advantages and disadvantages. Find out what they are in-depth with @MartinSEssex here: https://t.co/wVFXbbTxf1 https://t.co/jtZTvodpCt
  • The price of oil preserves the advance following the OPEC meeting as the US and China, the two largest consumers of crude, reach a trade deal. Get your crude #oil market update from @DavidJSong here: https://t.co/g5lxDaRvWL #oott https://t.co/yeelVJU5OK
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/mk1w1DM2Rh https://t.co/rEVhCnC0vY
  • Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order. Get your update on market drivers in Asia here: https://t.co/r3Ku0p9dw1 https://t.co/I1AA0UEyWq
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/o4zt4pmSzc
  • The $USDINR may fall as the Nifty 50 rises after the US and China avoided tariff escalation and Indian CPI increased at its fastest pace since July 2016 amid on onion shortage. Get your market update from @ddubrovskyFX here:https://t.co/iXLf98geXL https://t.co/uVwbkkkl09
  • My weekend trading video: 'A #Dow and Yuan Retreat Could Break 2019's Bullish Complacency' https://www.dailyfx.com/forex/video/daily_news_report/2019/12/14/A-Dow-and-Yuan-Retreat-Could-Break-Break-2019s-Bullish-Complacency.html?CHID=9&QPID=917719
British Pound To Test Upper Bounds as Economic Outlook Improves

British Pound To Test Upper Bounds as Economic Outlook Improves

2010-03-26 21:33:00
David Rodriguez, Head of Business Development
Share:
Meanwhile, Chancellor of the Exchequer Alistair Darling maintained his pledge to halve the deficit over the next four-years during the budget report earlier in the week, but expects the short-fall to hold around GBP 163B in 2010-11 from GBP 167B this year as the government aims to encourage a sustainable recover. At the same time, Mr. Darling expects the economy to expand 1.00%-1.50% this year, but lowered his 2011 GDP projection to 3.00%-3.50% from an initial forecast for a 3.25%-3.75% rise in the growth rate as he “took that gain and applied it to reducing borrowing further.” However, as the budget deficit continues to push higher, the marked expansion in fiscal policy is likely to put additional pressures on monetary policy, and the MPC is likely to hold a dovish stance going into the second-half of the year as the board expects to see price growth fall below the 2% target later this year. As a result, a Bloomberg News survey shows all of the 24 economists polled expect the BoE on hold borrowing costs steady at their next meeting on April 8th, but the central bank may continue to see scope to expand its asset purchases over the coming months as it aims to balance the risks for growth and inflation.
 
Nevertheless, the economic docket for the following week is expected to encourage an improved outlook for the region as market participants expect mortgage approvals to increase to an annualized pace of 48.4K in February from 48.2K in the previous month, while consumer credit is expected to increase 0.4B during the same after unexpectedly expanding 0.5B in January. Moreover, the final 4Q GDP report is expected to show the growth rate rising 0.3% from the previous three-month period, but a downward revision could weigh on the exchange rate as policy makers see a risk for a protracted recovery. Moreover, the GfK consumer confidence is anticipated to increase to a six-month high of -13 in March from 14, while the PMI for manufacturing is forecasted to rise to 56.8 from 56.3 in February, which would be the highest reading since comparable records began in 2001. - DS 
 
 

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

DISCLOSURES

News & Analysis at your fingertips.