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. See our updated Privacy Policy here.



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
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • 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:
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here:
GBP/USD to Shed August Rebound on Hawkish Fed Rate Decision

GBP/USD to Shed August Rebound on Hawkish Fed Rate Decision

David Song, Strategist
GBP/USD to Shed August Rebound on Hawkish Fed Rate Decision

Fundamental Forecast for GBP: Neutral

For more updates, sign up for David's e-mail distribution list!

With market attention turning to the Federal Open Market Committee’s (FOMC) September 21 interest-rate decision, GBP/USD stands at risk of giving back the rebound from the August low (1.2854) should the fresh batch of central bank rhetoric boost expectations for a 2016 rate-hike.

Even though Fed Funds Futures highlight a less than 20% probability for a September rate-hike, Chair Janet Yellen and Co. may following a similar path to 2015 and prepare U.S. households and businesses for a move in December as central bank officials see the U.S. economy at or near ‘full-employment.’ Indeed, prospects for higher borrowing-costs later this year should boost the appeal of the greenback especially as the Fed’s major counterparts continue to embark on their easing cycle, but the fresh updates (growth, inflation and the interest rate dot-plot) coming out of the central bank may spark a mixed reaction in the dollar should the new projections highlight a more ‘gradual’ path for the normalization cycle. Another downward revision in the Fed’s economic projections accompanied by a lower trajectory for future interest-rates may undermine the near-term strength in the U.S. dollar, and Chair Yellen may attempt to tame market expectation ahead of 2017 as the committee continues to warn ‘most survey-based measures of longer-run inflation expectations were little changed, on balance, while market-based measures of inflation compensation remained low.’

For the U.K., the economic docket remain fairly light following the Bank of England (BoE) meeting, with the central bank keeping the benchmark interest rate at the record-low of 0.25% in September, but the British Pound remains at risk of facing additional headwinds over the near to medium-term as the central bank warns ‘a majority of members expect to support a further cut in Bank Rate to its effective lower bound.’ It seems as though the BoE will take further steps to insulate the real economy as the new government prepares to depart from the European Union (EU), but the sterling may face range-bound conditions until Article 50 in enacted as Governor Mark Carney rules out a zero-interest rate policy (ZIRP) for the U.K. Indeed, the Monetary Policy Committee (MPC) may become increasingly hesitant to push monetary policy further into uncharted territory as the central bank runs the risk of overshooting the 2% target for inflation, and the BoE may look to conclude its easing cycle by the end of 2016 especially as U.K. lawmakers mull a fiscal stimulus package following the results of the referendum. With that said, market participants are likely to pay close attention to the headlines next week as Bank of England Governor Carny and board members Jon Cunliffe as well as Kristin Forbes as scheduled to speak in the days ahead.

GBP/USD to Shed August Rebound on Hawkish Fed Rate Decision

In turn, GBP/USD may continue to shed the advance from the August low (1.2854), with the exchange rate failing to preserve the monthly opening range, and the pair may ultimately threaten the post ‘Brexit’ wedge/triangle formation in the days ahead should the FOMC meeting boost interest-rate expectations. However, the pair may continue to consolidate within the near-term holding pattern if Fed officials largely endorse a wait-and-see approach for monetary policy and show a greater willingness to further delay the normalization cycle.

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