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.

Free Trading Guides
EUR/USD
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
GBP/USD
Bearish
USD/JPY
Mixed
Gold
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Canadian Dollar Price Analysis: Loonie Drops, USD/CAD Turn or Burn? https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/02/20/Canadian-Dollar-Price-Action-Analysis-JS-Loonie-Drops-USDCAD-USD-to-CAD-Turn-or-Burn.html https://t.co/n79GzbgAaK
  • 🇺🇸 USD Philadelphia Fed Business Outlook (FEB), Actual: 36.7 Expected: 11.0 Previous: 17.0 https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Initial Jobless Claims (FEB 15), Actual: 210k Expected: 210k Previous: 206k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Philadelphia Fed Business Outlook (FEB), Actual: 36.7 Expected: 11 Previous: 17 https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Continuing Claims (FEB 8), Actual: 1726k Expected: 1717k Previous: 1701k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Continuing Claims (FEB 8), Actual: 1.73M Expected: 1717k Previous: 1698k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Initial Jobless Claims (FEB 15), Actual: 210K Expected: 210k Previous: 205k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Trading Global Markets Decoded #podcast's new episode 🙌 features @graceblakeley, British Economic Commentator, who covers - UK outlook following #Brexit Does climate crisis represent a free-market failure Where is the global economy heading Tune in today! https://t.co/Twr44cZ1GB https://t.co/rM5Zds1YQE
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.08%, while traders in France 40 are at opposite extremes with 80.89%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0vtZLeWgcP
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.15% 🇨🇦CAD: -0.28% 🇯🇵JPY: -0.57% 🇦🇺AUD: -0.83% 🇳🇿NZD: -0.88% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aefGNZQYqS
Pound Firmer On Improving Consumer Confidence

Pound Firmer On Improving Consumer Confidence

2011-09-30 00:09:00
Lujia Lin,
Share:

THE TAKEAWAY: UK consumer confidence improves in September > Rise in purchasing gauge points to possible pick-up in consuming spending > Pound strengthens

Pound_Firmer_On_Improving_Consumer_Confidence_body_Picture_5.png, Pound Firmer On Improving Consumer Confidence

Source: FXCM Strategy Trader

The Pound rose following the release of a consumer confidence survey that pointed to improving household sentiment. Optimism that the data points to a pick-up in consumer spending helped push the UK currency up close to 20 pips as of 23:55 GMT.

According to the GfK report, the overall consumer confidence level rose 1 point to -30 in September. Major contributors to the improvement were household perceptions of the economic situation in the next 12 months – which rose 4 points to -27 – and the gauge measuring climate for major purchases – up 3 points to -28. The indicator for saving intentions dropped 4 points to -14.

GBP has been under pressure not only due to last week’s risk sell-off, but also due to concern that the effects of the coalition government’s deficit-cutting program and persistently high inflation would dampen household spending. Any longer-term strengthening of the Pound will be contingent on further signs of improvement in domestic economic conditions and a shift to a more hawkish stance on the part of the Bank of England.

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

DISCLOSURES

News & Analysis at your fingertips.