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.

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
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/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
USD/JPY
Bullish
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
More View more
Real Time News
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/EDvQdHfIPm https://t.co/OD2HjojJ9f
  • Gold has set a fresh 7 month low - testing below a huge spot of confluent support ahead of month-end the break happened overnight, and we've now seen about 7 hours of posturing above the 1750 level $Gold $GC $GLD https://t.co/QsFNeU4E9J https://t.co/hkHqj97Vap
  • AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Feb 02, 2021 when AUD/USD traded near 0.76. A contrarian view of crowd sentiment points to AUD/USD weakness. https://www.dailyfx.com/sentiment https://t.co/izRyhYLOFW
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/8G8mUX4so6 https://t.co/Z7TayeGRXB
  • 🇿🇦 Balance of Trade (JAN) Actual: ZAR11.83B Expected: ZAR15.2B Previous: ZAR32B https://www.dailyfx.com/economic-calendar#2021-02-26
  • 🇮🇳 GDP Growth Rate YoY (Q4) Actual: 0.4% Expected: 0.5% Previous: -7.5% https://www.dailyfx.com/economic-calendar#2021-02-26
  • 🇲🇽 Balance of Trade (JAN) Actual: $-1.236B Previous: $6.262B https://www.dailyfx.com/economic-calendar#2021-02-26
  • 🇧🇷 Unemployment Rate (DEC) Actual: 13.9% Expected: 13.9% Previous: 14.1% https://www.dailyfx.com/economic-calendar#2021-02-26
  • S&P 500 back down to support area (3805-10) https://t.co/VgJHDImfZY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.38%, while traders in GBP/JPY are at opposite extremes with 70.18%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/XtCpP1uEI6
Brexit Update: GBP/USD Falters After May's Government Found in Contempt

Brexit Update: GBP/USD Falters After May's Government Found in Contempt

Peter Hanks, Strategist

Talking Points:

  • The ruling is without precedent in recent history and passed 311 votes to 293
  • May’s government is now required to release the Attorney General’s legal advice on Brexit
  • GBPUSD faltered and fell to 1.2676 as hopes of PM May winning support for her Brexit deal fade

As Prime Minister Theresa May battles to drum up support for her Brexit deal, her government was found in contempt of Parliament on Tuesday over its refusal to release Brexit legal advice from the Attorney General. Despite considerable support from her own Conservative Party, the motion passed 311 to 293 and thrusts the government into unfamiliar constitutional territory.

Learn to trade around news events and data releases with our Introduction to Forex News Trading guide.

Now in contempt, May’s government will be forced to release legal advice it had tried to keep secret which Leader of the House of Commons Andrea Leadsom announced will be published on Wednesday. Shortly after the vote of contempt, an amendment to hand Parliament more power over Brexit should the vote on May’s deal fail, also passed.

Again unable to generate noteworthy support from outside her party, the two passed motions inflame concerns that Theresa May will be unsuccessful in her bid to get the Brexit deal passed and highlights the incredibly fragile state of her government.

GBP/USD Price Chart 10-Minute, December 4th 2018 (Chart 1)

GBP/USD Price Chart UK in contempt

Learn about the possible Brexit outcomes and how they may impact the Pound with “Brexit Impact on GBP: How the Pound Might Move After Parliamentary Vote.”

Subsequently, Cable returned to levels near that of mid-2017 around 1.2676 and is poised to close below 1.27 for the first time in four months. The Pound will continue to experience volatility in the coming days as Theresa May works to push her deal through Parliament, a prospect many political analysts believed unlikely before today’s developments. The vote is scheduled for December 11th with days of Parliamentary discussions prior scheduled to begin later Today.

GBP/USD Price Chart Weekly, September 2016 – December 2018 (Chart 2)

GBP/USD price chart brexit news.

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more: Brexit Impact on GBP: How the Pound Might Move After Parliamentary Vote

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

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

DISCLOSURES