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
More View more
Real Time News
  • 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:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The US Dollar continues to push higher against ASEAN currencies after the FOMC rate decision. This leaves the USD/SGD, USD/THB, USD/PHP and USD/IDR outlook mostly tilted higher. Get your market update from @ddubrovskyFX here:
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:
  • The Japanese Yen remains in focus with strength potential on risk aversion themes to go along with weakness on themes around higher rates. Get your weekly $JPY technical forecast from @JStanleyFX here:
  • Google finance-related search interest in 'Evergrande' has almost overtaken 'Covid'. 'Taper' doesn't even register on the scale
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:
  • Gold remains higher despite positive Evergrande news out of China. Meanwhile, copper bulls are pushing prices upward as the potential for a housing crisis in China ebbs. Get your market update from @FxWestwater here:
  • GBP/USD has flattened overnight after its strongest rally in a month on Thursday. The British currency has been under pressure recently as an energy crisis has caused a number of gas providers to go bankrupt. Get your market update from @HathornSabin here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
GBP Winning The Currency War Continues To Benefit London’s Economy

GBP Winning The Currency War Continues To Benefit London’s Economy

Tyler Yell, CMT, Currency Strategist
GBP Winning The Currency War Continues To Benefit London’s Economy

Fundamental Forecast for GBP: Bullish

The British Pound continues to be evidence of the growth that can be had when a currency aggressively depreciates. Most of the growth has naturally led to a boost in exports, while there remains uncertainty toward the health of the consumer in the U.K. as a weaker currency tends to push inflation higher, and we have only seen marginal gains in wage inflation.

Next week, we will get a glimpse of UK Retail Sales in addition to CPI and further Brexit developments. While there was a disappointing reading in the choppy CPI figures to close out 2016, there has been a surge of tourism given the depreciating pound, which has lifted the sale of certain luxury items to help stabilize the sales figures.

One key point worth watching is the terms of trade, which shows the ratio of prices of exports to imports. A falling Terms of Trade shows that exports are depreciating while imports are more expensive. On Friday, we saw that export prices have risen by 12%, which is encouraging until we see the price of imported raw materials YoY that is anticipated to be higher by ~19% according to economist’s expectations.

In addition to import prices, traders will look for CPI to provide further support under rising inflation metrics, which can be seen with higher Gilt prices. Higher Gilt yields would likely be validated on an improving jobs numbers that are due to be released on Wednesday.

The technical picture shows stability in GBP, but not runaway moves as GBP/USD continues to hold above the 100-DMA support at 1.2445. Traders should prepare for more weakness if the price of GBP/USD breaks below the Feb. 7 low of 1.2347.

See the schedule of upcoming webinars and join us LIVE to follow the financial markets!

--- Written by Tyler Yell, CMT, Currency Analyst/ Trading Instructor

To contact Tyler, email him at or

Follow him on the DailyFX Real Time News feed and Twitter at @ForexYell.

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