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
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Oil - US Crude: -0.11% Gold: -0.19% View the performance of all markets via
  • US Senator Schumer: Senate will finish infrastructure and budget bills before August recess $USD $DXY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.95%, while traders in France 40 are at opposite extremes with 81.86%. See the summary chart below and full details and charts on DailyFX:
  • Fed's Bowman: - It may take time for some people to return to work - The record number of job opportunities is a good sign
  • Fed's Bowman: - There is still work to be done to get the US economy back on track - Employment remains significantly below where it was
  • USD/CAD bounced off support, but looks only corrective in nature. Short-term charts suggest we will soon see price turn down. Get your $USDCAD market update from @PaulRobinsonFX here:
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.60% US 500: 0.60% France 40: 0.22% Germany 30: 0.18% FTSE 100: 0.13% View the performance of all markets via
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min)
  • Bitcoin cooling off after an impressive run to end the month of July $BTCUSD #Bitcoin
  • Narrator: Not today. Nice rebound staged off that critical support level with oil and yields firming up a bit on the session. Will bulls push onward to print a higher high? $SPY #Trading #Markets
GBP Jumps on Brexit Divorce Bill Breakthrough

GBP Jumps on Brexit Divorce Bill Breakthrough

Nick Cawley, Strategist

Talking Points

- If ‘sufficient progress’ has been made, according to the EU, the UK can start trade agreement talks.

- The Northern Ireland border issue may still stymy discussions.

- Sterling now looking at multi-week highs and beyond.

Check out our new Trading Guides: they’re free and have been updated for the fourth quarter of 2017

It seems that at last a breakthrough has been made in the UK/EU ‘divorce bill’ negotiations with the UK offering between EUR45 billion and EUR55 billion, depending on which source you read. What isn’t in doubt is that the markets are taking this positively and are pushing GBP higher against both the EUR and the USD as traders now expect Brexit talks to move forward to the second stage, including future trade agreements.

While refusing to comment on the numbers, UK Transport Minister Chris Grayling told the BBC,

“We want to leave as good friends, good neighbours, carry on trading with the European Union. It's right and proper that we meet our obligations and that's what we're intending to do."

The next important date for GBP is Monday December 4, when UK PM Theresa May meets European Commission President Jean-Claude Juncker. If the outcome of these talks are positive, the EU may decide to recommend moving forward to the second stage, a decision that would need to be ratified at the European Council meeting on December 14-15.

Before then, the thorny issue of the Northern Ireland border issue needs to be resolved with both sides seemingly wanting an agreement but both are, as yet, unwilling to compromise.

Chart: EURGBP One Hour Timeframe (November 24 – November 29, 2017)

GBP Jumps on Brexit Divorce Bill Breakthrough

Chart: EURGBP Daily Timeframe (July 19 – November 29, 2017)

GBP Jumps on Brexit Divorce Bill Breakthrough

Charts by IG

EUR/GBP remains stuck in a wide trading range for the last 10-weeks as Brexit talks muddied the water and left longer-term trade decisions difficult to identify. On the downside, Fibonacci retracement levels at 0.88100 and 0.86930 are likely targets if talks progress.

Would you like to know the Traits of Successful Traders and how to find the Number One Mistake Traders Make? If so, click here.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Follow Nick on Twitter @nickcawley1

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