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
EUR/USD
Mixed
Oil - US Crude
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 🇨🇳 FDI (YTD) YoY (JUL) Actual: 0.5% Previous: -1.3% https://www.dailyfx.com/economic-calendar#2020-08-13
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/6b3JtrSQnP
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/4hIQtGPL0N
  • Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/08/13/Gold-Prices-May-Resume-Selloff-After-Digesting-Largest-Drop-in-7-Years.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/aWOvE1KJXc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.83%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EQ77jevtaX
  • Heads Up:🇫🇷 IEA Oil Market Report due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/QPW1os7wbE
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Gold: 0.60% Oil - US Crude: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gDZGfvBOHv
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇨🇭CHF: 0.22% 🇬🇧GBP: 0.21% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.03% 🇳🇿NZD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9IwXKOUieT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.16% US 500: -0.17% Germany 30: -0.24% France 40: -0.50% FTSE 100: -0.96% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MtMyrT3zZY
GBP/USD Eyeing UK Data Dump - Brexit Update: Debate on Friday?

GBP/USD Eyeing UK Data Dump - Brexit Update: Debate on Friday?

2019-02-11 08:00:00
Dimitri Zabelin, Analyst
Share:

GBP TALKING POINTS – GBP/USD, BREXIT, UK PARLIAMENT

  • GBP/USD closely watching UK data dump
  • Brexit negotiations ongoing as clock ticks
  • UK Parliament may hold debate on Friday

See our free guide to learn how to use economic news in your trading strategy!

BREXT LATEST: A MESS NO LESS WITH MORE STRESS

GBP/USD may be in the limelight this week as the UK prepares to release a cascade of economic data. The most eyed reports will likely be GDP, Industrial and Manufacturing Production. The overall trend of economic data out of the UK since October has been underperforming relative to expectations according to the Citi Economic Surprise Index. An anticipated debate in parliament on Friday may also move the British Pound.

Prime Minister Theresa May is negotiating with officials in Brussels and is not expected to present an agreed-upon deal to the House of Commons on February 13. Debates and votes on May’s Brexit deal will likely take place the following day and could extend into the following week. The formatofthegathering will be similar to the one on January 29 when MP’s voted on amendments to the PM’s Plan B.

This comes only a week after the Bank of England’s (BoE) ‘Super Thursday’ event which released the interest rate decision, quarterly inflation report and outlook. Rates remained unchanged as the central bank closely monitors the Brexit landscape. Forecasts for growth in 2019 were trimmed – again – from 1.7 percent to 1.2 percent. The BoE is maintaining a gradualist and cautious approach to accommodate the uncertainty associated with the current state of the Brexit negotiations.

GBP/USD in the meantime has been falling ever since it hit the 1.3199 resistance. The failure to breach past this point is likely a signal that underlying optimism lacks enough conviction to continue reaching higher. The pair appear to be flirting now with the upper bound of the September resistance range as the March 29 deadline approaches.

GBP/USD – Daily Chart

GBP/USD Chart (Daily)

Interested in learning more? Sign up here to get an in-depth analysis of Brexit and its effect on GBP!

GBP/USD TRADING RESOURCES

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitri on Twitter

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

DISCLOSURES

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.