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Real Time News
  • 🇮🇹 Retail Sales MoM (MAR) Actual: -0.1% Previous: 6.6% https://www.dailyfx.com/economic-calendar#2021-05-07
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.30%, while traders in Wall Street are at opposite extremes with 79.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/VZ9AbYGY0C
  • Heads Up:🇮🇹 Retail Sales MoM (MAR) due at 08:00 GMT (15min) Previous: 6.6% https://www.dailyfx.com/economic-calendar#2021-05-07
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: 0.25% Oil - US Crude: 0.21% Silver: 0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DGtzbHsIac
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/cC80QLzTNk
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.26% 🇨🇭CHF: 0.17% 🇪🇺EUR: 0.14% 🇳🇿NZD: -0.07% 🇦🇺AUD: -0.10% 🇨🇦CAD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/NIonmU6Z9P
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.98% France 40: 0.80% FTSE 100: 0.61% Wall Street: 0.09% US 500: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/CehidrXOWz
  • 🇫🇷 Industrial Production MoM (MAR) Actual: 0.8% Expected: 2% Previous: -4.8% https://www.dailyfx.com/economic-calendar#2021-05-07
  • 🇫🇷 Balance of Trade (MAR) Actual: €-6.1B Previous: €-5.1B https://www.dailyfx.com/economic-calendar#2021-05-07
  • Heads Up:🇫🇷 Industrial Production MoM (MAR) due at 06:45 GMT (15min) Expected: 2% Previous: -4.7% https://www.dailyfx.com/economic-calendar#2021-05-07
UK Week Ahead: Brexit and Big Data Releases | Webinar

UK Week Ahead: Brexit and Big Data Releases | Webinar

Nick Cawley, Strategist
  • 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

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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 nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

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

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