Never miss a story from Nick Cawley

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Nick Cawley

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

  • Negative Brexit headlines push the British Pound lower.
  • Strong UK wages and inflation data may bring GBP a modicum of relief.

The Brand New DailyFX Fourth Quarter Forecasts include a fresh look at GBP.

IG Sentiment Datashow of traders are 59.6% net-long of GBPUSD, a bearish contrarian indicator. However recent daily and weekly sentiment shifts show retail are less net-long on a daily and weekly basis, suggesting that prices may trend higher.

Busy Week with UK Wages, Inflation, Jobs and Retail Sales Releases

Sterling has started the week under pressure and lower across the board after a weekend of yet more negative Brexit deadlines with continued infighting over the shape of the deal weighing. The EU has not yet made a decision but as we stand, the odds of getting any deal signed off by the government or Parliament look slim at best.

GBPUSD Vulnerable to Larger Losses as PM May Looks into the Abyss

UK data may help underpin Sterling this week with average weekly earnings expected to pick-up further, while inflation is also seen nudging higher. UK retail sales on Thursday are also expected to tick-up from last month, which would complete a treble of mildly hawkish economic data.

The DailyFX Economic Calendar provides a detailed list of all major, global economic releases.

GBPUSD Daily Price Chart (March – November 12, 2018)

UK Week Ahead: Brexit and Big Data Releases | Webinar

If you missed this webinar and would like to know about future events, you can see the full DailyFX webinar schedule here.

DailyFX has a vast amount of updated resources to help traders make more informed decisions. These include a fully updated Economic Calendar, Educational and Trading Guides and the constantly updated IG Client Sentiment Indicator.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Follow Nick on Twitter @nickcawley1