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
  • The February rally in $WTI Crude Oil has struggled to continue in March. After rising from 52.00 at the beginning of February to a high above 63.00, WTI has edged back downwards. The commodity has recently consolidated between the 59.00 and 61.00 levels. $OIL $USO
  • Heads Up:🇺🇸 Fed Harker Speech due at 15:00 GMT (15min)
  • Heads Up:🇺🇸 ISM Non-Manufacturing PMI (FEB) due at 15:00 GMT (15min) Expected: 58.7 Previous: 58.7
  • Heads Up:🇵🇱 Interest Rate Decision (MAR) due at 15:00 GMT (15min) Expected: 0.1% Previous: 0.1%
  • Heads Up:💶 ECB Guindos Speech due at 15:00 GMT (15min)
  • Gilt yields on the rise as DMO issuance in 2021/2 jumps to GBP296 billion, busting estimates of GBP250 billion #gilts #DMO
  • $Gold back at the lows, breaching below the 38.2 of the 18-20 major move. This thing hasn't been able to hold a bid at all of late, looks like a lot of those flows going over to $btc or other related cryptos next support from that structure around 1618
  • Bitcoin (BTC/USD) back above $51,000 and pushing higher.. Ethereum (ETH/USD) bounces off support, back above $1,600.Get your market update from @nickcawley1 here:
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.18% Germany 30: 0.04% France 40: 0.01% Wall Street: -0.08% US 500: -0.20% View the performance of all markets via
  • LIVE NOW: Join Technical Strategist @MBForex for his Mid-Week Market Check-Up Webinar to review the setups we're tracking into the close of the week!
GBP/USD Surges After Post-Brexit Retail Sales Crush Expectations

GBP/USD Surges After Post-Brexit Retail Sales Crush Expectations

Oded Shimoni, Junior Currency Analyst

Talking Points:

- Retail Sales increased 5.9% year-on-year versus 4.2% expected

- All sectors showed growth with the main contribution coming from non-food stores

- GBP/USD surged higher immediately on the news

Learn good trading habits with DailyFXs “Traits of successful traders” series

The British Pound spiked higher versus all other major currencies after today's UK Retail Sales report printed figures significantly higher than expected.

It’s important to note that the release covers a 4 week period from 3 July to 30 July 2016 and therefore included data following the Brexit vote.

The Office for National Statistics (ONS) reported that Retail Sales (including auto fuel) increased 5.9% year-on-year versus 4.2% expected, with a prior 4.3% increase.

All sectors showed growth with the main contribution coming from non-food stores.

The month-on-moth figure for the gauge rose 1.4% versus 0.3% expected, with a -0.9% prior print.

Core Retail Sales (which excludes auto fuel) beat expectations as well, with the year-on-year number signaling a rise of 5.4% versus 3.9% prior and expected rise.

Today’s figures join the latest Jobs report from the UK signaling that hard economic data has yet to suffer post Brexit, while inflation figures earlier this week showed inflation rose sooner than expected.

In turn, these latest numbers might have been interpreted by the market as such that initial worries from Brexit have yet to filter through to consumer spending, as opposed to worries expressed by businesses via different confidence surveys.

If data remains upbeat, it might stand in sharp contrast to one of the factors that led to the Brexit fall- an anticipated downturn in the economy.

While general uncertainty regarding the Brexit situation is likely to remain for a longer period of time, data such as today, while very initial, may raise questions about further BOE easing and the presumed downturn in the UK economy, possibly underpinning the British Pound.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing that about 57.7% of traders are long the GBP/USD at the time of writing, quickly reducing longs on this spike higher.

You can find more info about the DailyFX SSI indicator here

GBP/USD 5-Minute Chart: August 18, 2016

GBP/USD Surges After Post-Brexit Retail Sales Crush Expectations

--- Written by Oded Shimoni, Junior Currency Analyst for

To contact Oded Shimoni, e-mail

Follow him on Twitter at @OdedShimoni

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