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
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/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
USD/JPY
Mixed
More View more
Real Time News
  • The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data. Get your market update from @ddubrovskyFX here:https://t.co/LaLVW8FFHI https://t.co/Y0FoP7A5ZW
  • Dow Jones Rebound May Lift Sentiment for Nikkei 225 and ASX 200 https://www.dailyfx.com/forex/market_alert/2021/06/25/Dow-Jones-Rebound-May-Lift-Sentiment-for-Nikkei-225-and-ASX-200.html https://t.co/G6PRAUQbla
  • Increased rate bets following June's FOMC rate decision roiled markets, including commodities. Crude oil received a boost on Iran's election, while gold and copper look to incoming inflation data out of the US. Get your market update from @FxWestwater here:https://t.co/iGAO4dasIU https://t.co/iwDTDzgaHg
  • So #PBOC unexpectedly increased liquidity injections yesterday for the 1st time since March Sold 30b #Yuan of 7-day reverse repos at 2.2%, up from usual 10b MSCI #EmergingMarkets index understandably happy, eyeing a Descending Triangle Learn more here - https://www.dailyfx.com/education/technical-analysis-chart-patterns/descending-triangle.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/j2r0KTHQ8M
  • 8 out of 9 Dow Jones sectors ended higher, with 93.3% of the index’s constituents closing in the green. industrials (+2.07%) financials (+1.62%) and communication services (+1.25%) outperformed, whereas materials (-0.06%) trailed behind. https://t.co/jgIcDOvItT
  • The Canadian Dollar may have more room to weaken looking at a Loonie index. USD/CAD is struggling to confirm a push above the 100-day SMA, watch the 4-hour chart for near-term clues. Get your market update from @ddubrovskyFX here:https://t.co/ezLH8Ky4a0 https://t.co/G4K7wuXiWx
  • 🇬🇧 Gfk Consumer Confidence (JUN) Actual: -9 Expected: -7 Previous: -9 https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇬🇧 Gfk Consumer Confidence (JUN) due at 23:01 GMT (15min) Expected: -7 Previous: -9 https://www.dailyfx.com/economic-calendar#2021-06-24
  • 🇳🇿 Balance of Trade (MAY) Actual: N$469M Previous: N$414M https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇳🇿 Balance of Trade (MAY) due at 22:45 GMT (15min) Previous: N$388M https://www.dailyfx.com/economic-calendar#2021-06-24
British Pound Steady As Markets Eye Start of Brexit Talks

British Pound Steady As Markets Eye Start of Brexit Talks

David Cottle, Analyst

Talking Points

  • GBP/USD was steady through the Asian session
  • It’s unlikely to remain so however
  • After long delays and many knife edge votes, Brexit negotiators get down to business later

Find out what the trading community thinks of the currencies you love, and those you loathe and the DailyFX sentiment page

The British Pound was stable against the US Dollar through Monday’s Asian session as markets await the long-delayed start of talks with the European Union to frame the terms of “Brexit.”

The British people voted by a narrow but clear majority in favor of leaving the EU in June of 2016. Various European elections and the most recent UK vote, which saw Prime Minister Theresa May’s Conservative party return to power as the largest sigle parliamentary party, but without an overall majority, have put of the start of talks for nearly a year. They’ll start later Monday in Brussels.

Ms. May triggered Article 50 of the Treaty of Lisbon back on March 29. Officialy this means that the UK must have exited the Union by no later than April 2019.

On the table are huge economic questions such as on what terms the UK will leave the European single market and its customs union and regain control over immigration- a vexed question for the electorate. Such questions as the rights of Britons now resident in the broader EU, and EU citizens in the UK, are also up for discussion as is the UK's putative "Brexit bill."

The UK team will be lead by long-time Parliamentarian and Minister for Exiting the European Union David Davies, while the EU contingent is lead by France’s Michel Barnier. He reportedly spent the weekend walking in the French alps “to gain strength” for the negoitaitons ahead.

While the talks’ twists and turns are sure to lead to some volility for the Pound, it was calm in the immediate runup. GBP/USD hovered between 1.2763 and 1.2782 through the Asia Pacific trading Monday.

The Euro is unlikely to be immune to the talks' prgress either, but it was also treading water.

British Pound Steady As Markets Eye Start of Brexit Talks

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

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

DISCLOSURES