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
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
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • 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:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • 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:
EUR/GBP Recovers After UK Inflation Misses Expectations

EUR/GBP Recovers After UK Inflation Misses Expectations

Nick Cawley, Strategist

Talking Points

- EURGBP recovers after ‘sell the rumor, buy the fact’ trade pushed the pair below 0.84600.

- Inflation steady but input price pressure increases.

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar.

Eagerly awaited UK inflation data failed to live up to market expectations, despite inflation hitting its highest level since June 2014, taking the edge off the latest downturn in EURGBP. January CPI y/y was reported at 1.8% against expectations of 1.9%, while core CPI was reported at 1.6% against market expectations of 1.7%. While these figures may help Bank of England governor Mark Carney push back against any overly hawkish talk of rate rises, the recent weakness in the British Pound is causing input price pressure to increase.

Annual input prices rose by 20.5%, against expectations of a rise of 18.3%, while December’s figure was upped to 17.0% from a prior 15.8%.

Commenting on today’s inflation figures, ONS Head of Inflation Mike Prestwood said: “The latest rise in CPI was mainly due to rising petrol and diesel prices, along with a significant slowdown in the fall in food prices.The costs of raw materials and goods leaving factories both rose significantly, mainly thanks to higher oil prices and the weakened pound.

While UK inflation creeps higher and starts to hit consumers in the pocket, house owners got an unexpected boost this morning. Average house prices in the UK increased by 7.2% in the year to December 2016 (up from 6.1% in the year to November 2016), continuing the strong growth seen since the end of 2013. However, annual growth has been weaker in the second half of 2016 compared with the first half of the year, the ONS said.

EURGBP broke back above the 0.85000 level after the release after earlier trading close to a fresh 2017 low around 0.84590.

Chart EURGBP 15-Minute Timeframe (February 13 – 14, 2017)

EUR/GBP Recovers After UK Inflation Misses Expectations

Chart by IG

Upcoming GBP Event Risk – Wednesday February 15.

EUR/GBP Recovers After UK Inflation Misses Expectations

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Don't trade FX but want to learn more? Read the DailyFX Trading Guides

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