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
Bearish
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.Get your market update from @ddubrovskyFX here:https://t.co/Ccvcy93t5X https://t.co/96VSJdvfcR
  • 🇯🇵 Inflation Rate YoY (MAY) Actual: -0.1% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-06-17
  • 🇯🇵 Core Inflation Rate YoY (MAY) Actual: 0.1% Expected: 0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-17
  • 🇯🇵 Inflation Rate Ex-Food and Energy YoY (MAY) Actual: -0.2% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-06-17
  • The Swiss Franc has seen a bout of strength in recent months against several peer currencies. Here are technical levels to watch in USD/CHF, EUR/CHF, and CHF/JPY. Get your market update from @FxWestwater here:https://t.co/e2kHTtBHW3 https://t.co/oaIsshglET
  • Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/06/17/gold-price-to-recover-if-fed-rate-hike-risk-usd-strength-ebb.html $XAUUSD $GLD $GC_F https://t.co/CfcpZ2BgBX
  • Heads Up:🇯🇵 Core Inflation Rate YoY (MAY) due at 23:30 GMT (15min) Expected: 0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-17
  • Heads Up:🇯🇵 Inflation Rate Ex-Food and Energy YoY (MAY) due at 23:30 GMT (15min) Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-06-17
  • Heads Up:🇯🇵 Inflation Rate YoY (MAY) due at 23:30 GMT (15min) Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-06-17
  • RT @FxWestwater: Australian Dollar Sinks Alongside Commodity Prices as Post-FOMC USD Run Continues Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/06/17/Australian-Dollar-Sinks-Alongside-Commodity-Prices-as-Post-FOMC-USD-Run-Continues.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t…
GBP Boosted as Brexit Minister Signals Brexit deal by November 21st

GBP Boosted as Brexit Minister Signals Brexit deal by November 21st

Justin McQueen, Analyst

GBP Analysis and Talking Points

  • GBP Rises as Brexit Minister Signals that a Deal is Near
  • Brexit Optimism Typically Faded

See our Q4 GBP forecast to learn what will drive the currency through the quarter.

GBP Rises as Brexit Minister Signals that a Deal is Near

The Pound sharply rose to session highs against the US Dollar, breaking above 1.28 and hitting highs of 1.2830 after Brexit Minister Raab stated in a letter that he would “give evidence to the Brexit committee when a deal is finalised, and currently expects November 21st to be suitable”. The Brexit Minister also noted that the UK and EU agree on the principle of a UK wide customs backstop, however, Raab highlights that while obstacles remain, the end is firmly in sight. In the meantime, this will likely fuel optimism ahead of a potential Brexit summit touted to be around November 17-18th.

GBP Boosted as Brexit Minister Signals Brexit deal by November 21st

Source: DailyFX

Brexit Optimism Typically Faded

As has been the case previously, Brexit optimism has typically been faded and there is a possibility that this may be a similar scenario, given that the letter from Brexit Minister Raab is not only a week old, there is still an acknowledgement that differences between the EU and UK remain, while there is also no mention on the type of Brexit deal (Hard or Soft Brexit). Alongside this, EU Barnier has yet to state anything on the matter. As such, until a tangible deal is made, optimism may continue to be faded.

GBPUSD Price Chart: Intra-day Time Frame (October 31st)

GBP Boosted as Brexit Minister Signals Brexit deal by November 21st

Chart by IG

Additional Brexit Analysis

TRADING RESOURCES:

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES