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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
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
Wall Street
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
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
GBP/USD
Bullish
USD/JPY
Bearish
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.25%, while traders in US 500 are at opposite extremes with 71.79%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/eMgB5Ayter
  • Heads Up:🇲🇽 Consumer Confidence (JUN) due at 11:00 GMT (15min) Expected: 45.4 Previous: 42.6 https://www.dailyfx.com/economic-calendar#2020-07-03
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.29% Gold: 0.00% Oil - US Crude: -1.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qiJaDgGEu9
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.07% 🇦🇺AUD: 0.02% 🇯🇵JPY: -0.01% 🇨🇭CHF: -0.16% 🇪🇺EUR: -0.17% 🇬🇧GBP: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/OEgHVYXEu0
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: -0.02% Wall Street: -0.13% Germany 30: -0.36% France 40: -0.76% FTSE 100: -1.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/zC3LkhJIO2
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/8hv3bqCeKm https://t.co/cAuGZRy8GI
  • 🇬🇧 Markit/CIPS UK Services PMI Final (JUN) Actual: 47.1 Expected: 47 Previous: 29.0 https://www.dailyfx.com/economic-calendar#2020-07-03
  • 🇬🇧 Markit/CIPS Composite PMI Final (JUN) Actual: 47.7 Expected: 47.6 Previous: 30 https://www.dailyfx.com/economic-calendar#2020-07-03
  • Heads Up:🇬🇧 Markit/CIPS UK Services PMI Final (JUN) due at 08:30 GMT (15min) Expected: 47 Previous: 29.0 https://www.dailyfx.com/economic-calendar#2020-07-03
  • Heads Up:🇬🇧 Markit/CIPS Composite PMI Final (JUN) due at 08:30 GMT (15min) Expected: 47.6 Previous: 30 https://www.dailyfx.com/economic-calendar#2020-07-03
British Pound Q3 Forecast: Sterling Fundamentals - Volatility Set to Rise as Brexit D-Day Nears

British Pound Q3 Forecast: Sterling Fundamentals - Volatility Set to Rise as Brexit D-Day Nears

2019-06-30 02:00:00
Nick Cawley, Adrian Raymond,
Share:

Sterling (GBP) is likely to become more volatile as the clock ticks down to the latest Brexit deadline - October 31st – with both sides becoming increasingly weary and frustrated at the continued ‘cankicking’ exercise. Against this backdrop, Sterling is likely to become more volatile, a boon for traders who have had to sit back and watch most Sterling pairs trade in relatively restricted ranges over the past three months.

GBP

Chart prepared by Nick Cawley

Sterling Q3 Technical Analysis: GBPUSD: Holding Flash Crash Trendline Support

Losses persisted for GBPUSD after failing to consolidate above the 1.3000 handle. Although, at the back end of Q2, the pair had managed to find stability above 1.2500, which also coincided with the rising trendline stemming from the October 2016 flash crash. While the pair may have found a floor at 1.2500 in the near-term, momentum indicators on the longer-term timeframes (weekly & monthly) remain tilted towards a bearish bias, thus a retest of 1.2500 cannot be ruled out, particularly if a closing break below the key trendline was made, which would expose the 1.2426 January low.

GBP

Chart prepared by Justin McQueen

To read the full British Pound Forecast, download the free guide from the DailyFX Trading Guides page

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

DISCLOSURES

News & Analysis at your fingertips.