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:
GBP/USD to Eye 1.5900 on Slowing U.K. Consumer Price Inflation

GBP/USD to Eye 1.5900 on Slowing U.K. Consumer Price Inflation

David Song, Strategist
GBP/USD to Eye 1.5900 on Slowing U.K. Consumer Price Inflation

Fundamental Forecast for Pound:Neutral

The GBP/USD may continue to carve lower-highs & lows in the week ahead should the fundamental developments coming out of the U.K. economy further dampen interest rate expectations.

The U.K. Consumer Price Index (CPI) may mark the lowest print since 2009 as the headline reading is expected to slow to an annualized 1.4%, and the diminishing threat for inflation may heighten the bearish sentiment surrounding the British Pound as the Bank of England (BoE) remains in no rush to normalize monetary policy. It seems as though we will continue to see a 7-2 split within the Monetary Policy Committee (MPC) amid the limited headlines surrounding the October 9 interest rate decision, and we may see Martin Weale and Ian McCafferty continue to serve as the minority throughout 2014 as wage pressures remain largely subdued.

However, the September Jobless Claims report may generate a greater rift within the BoE as Average Weekly Earnings are projected to uptick for the first time since March, and a strong rebound in wage growth may renew bets for higher borrowing costs as the central bank continues to take note of the stronger-than-expected recovery in the labor market. With that said, the inflation outlook is likely to heavily impact the British Pound next week as BoE Governor Mark Carney retains a rather balanced tone for monetary policy, and the central bank may have little choice but to pay closer attention to the recent wave of U.S. dollar strength as the depreciation in the exchange rate raise the risk for imported inflation.

As a result, the GBP/USD remains vulnerable to a further decline, especially as the Relative Strength Index (RSI) retains the bearish momentum carried over from back in July, with the next key downside objective coming in around the 1.5900, the 50.0% Fibonacci expansion from the 2009 lows. - DS

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