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.



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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • 🇮🇩 Inflation Rate YoY (FEB) Actual: 1.38% Expected: 1.38% Previous: 1.55%
  • Heads Up:🇮🇩 Inflation Rate YoY (FEB) due at 04:00 GMT (15min) Expected: 1.38% Previous: 1.55%
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.75% Gold: 0.92% Silver: 0.65% View the performance of all markets via
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.72% 🇳🇿NZD: 0.65% 🇬🇧GBP: 0.49% 🇪🇺EUR: 0.12% 🇨🇭CHF: 0.05% 🇯🇵JPY: -0.07% View the performance of all markets via
  • Dramatic-looking Bearish Engulfing candle pattern with negative RSI divergence on the weekly #AUDUSD chart. A turn may be brewing.
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.78%, while traders in GBP/JPY are at opposite extremes with 66.27%. See the summary chart below and full details and charts on DailyFX:
  • Australian Dollar Unfazed by Chinese PMI as RBA Meeting Shifts Into View - $AUD $AUDUSD
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • RT @FxWestwater: Australian Dollar, APAC Markets Focus on Bond Yields to Start March Link: $AUDUSD…
Sterling Ignores EU/UK Brexit Deal as Challenges Increase

Sterling Ignores EU/UK Brexit Deal as Challenges Increase

Nick Cawley, Strategist

Sterling and Brexit

  • Sterling little moved on Brexit news.
  • Risks remain to the downside in the short-term.

We have just released our Brand New Q4 Trading Forecasts including USD and GBP.

UK PM May to Try and Sell Her Brexit Deal

The UK PM will spend the next couple of weeks trying to sell her Brexit deal to the UK public and, more importantly, the UK Parliament, warning that it is the best deal possible and that any other versions would hurt the UK economically. The vote in the House of Commons is expected the w/c December 10 and is expected to be rejected in its current state. This would make the PM’s position increasingly vulnerable, opening up a range of alternatives including an amended Brexit deal, a Conservative leadership contest, a second referendum or a general election. In the run-up to any of these options, Sterling would be at risk of a sharp move lower, as confidence in the UK ebbs away. The media is expected to be full of Brexit scare stories, from both sides of the House in the next couple of weeks, with Brexiteers angry at the current proposal, while Remainers continue to keep the UK within the EU, keeping Sterling (GBP) volatility high.

Sterling (GBP) Week Ahead: Brexit Battle Has Only Just Started for PM May

A deal between the EU and UK was supposed to have given Sterling a healthy boost, but the apathy towards PM May’s deal is clearly shown in GBPUSD this morning. The pair have edged mildly higher, currently +0.18% at 1.28370, although most of that increase is due to the weakness in the US dollar, with the USD basket currently -0.22% at 96.19. Retail remain heavily long GBPUSD, with trader net-longs at 71.5%, a bearish contrarian set-up. In addition, traders are further net-long on a daily and weekly basis, giving us a stronger GBPUSD contrarian trading basis.

The daily GBPUSD chart highlights the pair trading down towards recent support around 1.2780 to 1.2800 area which currently protects horizontal support at 1.2724 and 1.2696. Below here, 1.2662 comes into play, a 17-month low. On the upside there is resistance at 1.2916 (20-day ma) and 1.2922 before 1.2974 (50-day ma).

GBPUSD Daily Price Chart (March – November 26, 2018)

Sterling Ignores EU/UK Brexit Deal as Challenges Increase

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on GBPUSD – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1.

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