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.



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
More View more
Real Time News
  • Dow Jones Rebound May Lift APAC Stocks, Alibaba Earnings Miss
  • Listen to my thoughts about OCBC, UOB earnings via MoneyFM podcast with Ryan Huang this morning:
  • *Dalilah Still in awe!
  • and Daliah Muhammad too, both broke the word record Unreal!
  • If you’re not watching the #Olympics you just missed an incredible performance by Sydney McLaughlin, one for the ages
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.47% Gold: 0.14% Oil - US Crude: -0.34% View the performance of all markets via
  • The US Dollar seems to be losing its momentum against ASEAN currencies as of late. Could this be another top in USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.51% 🇦🇺AUD: 0.12% 🇬🇧GBP: 0.06% 🇨🇦CAD: 0.03% 🇨🇭CHF: 0.02% 🇯🇵JPY: -0.03% View the performance of all markets via
  • RT @BrendanFaganFx: AUD/USD Analysis: Aussie Dollar Points Higher After Strong Chinese PMI Data $AUDUSD #Forex #Trading Link: https://t.c…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.63%, while traders in France 40 are at opposite extremes with 82.74%. See the summary chart below and full details and charts on DailyFX:
Sterling (GBP) Remains Resilient Despite Another Defeat for PM May

Sterling (GBP) Remains Resilient Despite Another Defeat for PM May

Nick Cawley, Strategist

Sterling (GBP) and EU/UK Brexit Latest

  • Parliament flexes its muscles and deals PM May another defeat.
  • Sterling remains supported as No Deal option becomes less likely.

See how our Q1 2019 Trading Forecast for GBP can help you when trading.

Learn from our Mistakes!!!- Here are some of the top lessons DailyFX analysts learned, absorbed or suffered from personal experience in 2018.

PM May Now 0-2 in Parliament Votes

The UK government suffered their second defeat in two days when Parliament voted through a bill, handcuffing beleaguered PM Theresa May. If the PM loses her Brexit vote next Tuesday – as expected – she will now only have three working days to present her ‘plan B’ to the House, instead of 21 days. The bill was proposed and passed to prevent the government from winding down the clock before the Brexit deadline on March 29.This is the second bill in a row that the government has lost with Parliament now increasingly taking control of the Brexit process to prevent a No Deal Brexit.

GBPUSD continues to trade either side of 1.2750 with the bid being bolstered by growing expectations that a No Deal Brexit – the market’s worse-case scenario – will not happen. The UK Parliament now has a cross-party majority against a No Deal outcome and this is underpinning the British Pound against a range of currencies. The daily chart also shows the pair trading above the 20- and 50-day moving averages – which should provide short-term support – although further upside progress is not expected ahead of next Tuesday’s vote.

GBPUSD Daily Price Chart (June 2018 – January 10, 2019)

Sterling (GBP) Remains Resilient Despite Another Defeat for PM May

If you are interested in trading, or just curious about how and why market moves occur, we have recently produced a new guide – How to Start Trading: Top Tips and Guides for Beginners – to help you start your journey.

IG Client Retail sentiment data confirms a mixed-to-positive picture for the GBPUSD. Retail traders are 53.6% net-long the pair, a bearish contrarian indicator. However, recent daily and weekly positional changes suggest that GBPUSD may move higher.

What is your view on Brexit and Sterling – bullish, bearish or bored?? 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.