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
Oil - US Crude
Wall Street
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
  • Fed Chair Powell: - Haven't yet seen the labor market scarring we were concerned about - Labor market has come back faster and bankruptcies have been lower than anticipated - Prospect to get back to a much better place in the second half of the year #Fed $USD
  • $AUDUSD has surged by over 40-pips over the last two hours, taking out the prior session highs. This move pushed the pair to a high of 0.7945, a new highest level since early 2018. $AUD $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.49%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min)
  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
  • The RBNZ noted that operational work to enable the OCR to be taken negative if required has now been complete. Get your $NZD market update from @JMcQueenFX here:
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.50% Silver: 0.33% Gold: -0.31% View the performance of all markets via
  • Fed Chair Powell: - We are not acting on forecasts with regards to our policy, only actual data - There is reason for optimism for 2H 2021 if we control the virus #Fed $USD
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.85% 🇨🇦CAD: 0.45% 🇦🇺AUD: 0.33% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.25% 🇯🇵JPY: -0.63% View the performance of all markets via
  • Fed Chair Powell - Drawdown in Treasury account at Fed could lower rates $USD
British Pound Looks Like a Buy, but at What Price and When?

British Pound Looks Like a Buy, but at What Price and When?

David Rodriguez, Head of Product
British Pound Looks Like a Buy, but at What Price and When?

Fundamental Forecast for British Pound: Bullish

The British Pound surged and finished as top-performing G10 currency through Friday’s close, but a late-week US Dollar rebound suggests that the next GBP/USD move could actually be lower despite broader Sterling gains.

Bank of England Governor Mark Carney sent domestic interest rates notably higher as he said the Monetary Policy Committee could raise rates before year-end, and the yield-sensitive GBP saw its largest single-day gain on the month as traders repriced odds. The unexpected commentary from the head of the BoE will make it especially important to watch the coming week’s release of Bank of England Meeting Minutes; we may need to see official commentary from the July 9 rate decision match the relatively hawkish rhetoric from Governor Carney.

Recent GBP gains arguably leave risks to the downside ahead of the Bank of England report as well as later-week UK Retail Sales figures; it would likely take strongly positive results out of either/both to spark continued gains. And indeed a late-week US Dollar surge left the GBP/USD just barely higher through Friday’s close as its stop-and-reverse at key technical resistance leaves the pair at risk of near-term weakness.

The fact nonetheless remains that the GBP looks attractive versus most major counterparts as traders predict that only the Bank of England and the US Federal Reserve will raise interest rates in the coming 12 months. In trading there are only two factors that truly matter: Price and Time. We believe the British Pound stands to continue higher versus the Euro, Yen, and most majors except the US Dollar as the GBP represents value in terms of Price. The key question is whether now is a good Time to go long, and the coming week’s BoE Minutes may go a long way in giving us an answer. - DR

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