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.

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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • 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: https://t.co/mfwJ0sZLTs https://t.co/zyTHSyUiMd
  • 🇹🇭 GDP Growth Rate QoQ (Q1) Actual: 0.2% Expected: -0.8% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-05-17
  • 🇹🇭 GDP Growth Rate YoY (Q1) Actual: -2.6% Expected: -3.3% Previous: -4.2% https://www.dailyfx.com/economic-calendar#2021-05-17
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.63% Gold: 0.37% Oil - US Crude: 0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SnUeYQAKdi
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.02% 🇬🇧GBP: -0.11% 🇪🇺EUR: -0.11% 🇨🇦CAD: -0.24% 🇦🇺AUD: -0.35% 🇳🇿NZD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/d3OdjbE19m
  • Heads Up:🇹🇭 GDP Growth Rate QoQ (Q1) due at 02:30 GMT (15min) Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-05-17
  • Heads Up:🇹🇭 GDP Growth Rate YoY (Q1) due at 02:30 GMT (15min) Previous: -4.2% https://www.dailyfx.com/economic-calendar#2021-05-17
  • 🇨🇳 Fixed Asset Investment (YTD) YoY (APR) Actual: 19.9% Expected: 19% Previous: 25.6% https://www.dailyfx.com/economic-calendar#2021-05-17
  • 🇨🇳 Industrial Production YoY (APR) Actual: 9.8% Expected: 9.8% Previous: 14.1% https://www.dailyfx.com/economic-calendar#2021-05-17
  • 🇨🇳 Retail Sales YoY (APR) Actual: 17.7% Expected: 24.9% Previous: 34.2% https://www.dailyfx.com/economic-calendar#2021-05-17
British Pound Brushes off Mixed Confidence for UK Election Poll

British Pound Brushes off Mixed Confidence for UK Election Poll

Daniel Dubrovsky, Strategist

Talking Points:

  • The British Pound was unmoved as consumer and business surveys crossed the wires
  • Consumer confidence edged slightly higher while business sentiment fell to a 2016 low
  • Sterling was digesting prior losses as U.K. Conservatives fell short of a majority in a poll

What do retail traders’ buy/sell decisions hint about the British Pound trend?Find out here.

The British Pound did not show much of a reaction to a couple of sentiment surveys as they crossed the wires. The GFK consumer confidence index edged higher to -5 from -7, beating the -8 prediction. This was also the brightest outcome since January. The better-than-expected reading was accompanied by a drop in the Llyods business barometer which fell to 27 from 47, the lowest reading since September 2016.

Rather than weighing the implications of these surveys, the markets appeared to have their interests elsewhere. Earlier, a YouGov poll on the U.K. general election showed that the ruling Conservative party missed a majority by 16 seats. The survey also found that the opposition Labour party won 257 seats, up from 229 in the prior poll. Following the announcement, the British Pound declined across the board.

As Market Analyst Martin Essex mentioned, the Pound’s direction will be determined by opinion polls ahead of the June 8th U.K. general election.

British Pound Brushes off Mixed Confidence for UK Election Poll

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

DISCLOSURES