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
More View more
Real Time News
  • 🇫🇷 Consumer Confidence (SEP) Actual: 102 Expected: 100 Previous: 99 https://www.dailyfx.com/economic-calendar#2021-09-28
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/stdtgSQU9M
  • Heads Up:🇫🇷 Consumer Confidence (SEP) due at 06:45 GMT (15min) Expected: 100 Previous: 99 https://www.dailyfx.com/economic-calendar#2021-09-28
  • 🇩🇪 GfK Consumer Confidence (OCT) Actual: 0.3 Expected: -1.6 Previous: -1.1 https://www.dailyfx.com/economic-calendar#2021-09-28
  • Heads Up:🇩🇪 GfK Consumer Confidence (OCT) due at 06:00 GMT (15min) Expected: -1.6 Previous: -1.2 https://www.dailyfx.com/economic-calendar#2021-09-28
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/7G6h7JPMeq
  • US #NaturalGas futures (Henry Hub) shoot past 6USD during Tuesday's Asia-Pacific trading session (though prices have trimmed most gains), nearing the 2014 high Prices have climbed over 37% since September 23rd https://t.co/DuzWPdN1kA
  • WTI #CrudeOil prices extend gains during Tuesday's Asia-Pacific trading session, nearing the July high at 76.95 Prices are up almost 0.9% on the day so far https://t.co/7afvVUXO27
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/vtqOrB41CF
  • Brent oil prices hit $80 per barrel for the first time since October 2018 #trading #OOTT
Sterling (GBP) Week Ahead: Brexit, BoE and FOMC on Tap | Webinar

Sterling (GBP) Week Ahead: Brexit, BoE and FOMC on Tap | Webinar

Nick Cawley, Strategist

Sterling, Brexit, Bank of England and the FOMC:

  • Brexit gridlock continues to dominate Sterling.
  • US interest rate hike expected but what next?

See how our Q4 Trading Forecasts for GBP can help you when trading.

Sterling Handcuffed Going into the Christmas Recess

Brexit continues to dominate UK asset markets and with nothing expected to happen this week, Sterling is likely to limp into the Christmas break around current levels. All this could change in an instant though if the UK government announces a more unified approach to Brexit or if the EU break the current impasse over the Irish border.

The Federal Reserve is fully expected to raise interest rates by 0.25% on Wednesday, the fourth such hike this year. Fed Chair Powell’s press conference 30 minutes later will be closely parsed for clues about further monetary policy tightening next year.

The Bank of England will leave all monetary policy settings unchanged with the central bank’s hands tied by the ongoing Brexit talks.

Retail traders remain long of GBPUSD – 69.9% - according to the IG Retail Sentiment Indicator. See what this means and how it can help you make better informed trading decisions.

GBPUSD Daily Price Chart (June – December 17, 2018)

Sterling (GBP) Week Ahead: Brexit, BoE and FOMC on Tap | Webinar

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.

DISCLOSURES