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.

Free Trading Guides
EUR/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
GBP/USD
Bearish
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • North Korea are reportedly not interested in a meeting with the US - KCNA
  • How can you use events and news to trade? Find out: https://t.co/MNvj9Hwoal #tradingstyle https://t.co/fPMmkHueuU
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in France 40 are at opposite extremes with 84.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZC39UhhxQb
  • RT @NorthmanTrader: Today: The 2nd largest economy missed industrial output & retail sales data. The 3rd largest economy  just printed 0.2…
  • LIVE NOW: Join Senior Currency Strategist @CVecchioFX as he talks about the most relevant information at the moment from the major central banks in the world. Register here: https://www.dailyfx.com/webinars/888096923?CHID=9&QPID=917720
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.13% Silver: 0.57% Gold: 0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/HVkkJ55WL8
  • Riksbank's Ohlsson - Recent data in line with forecast - Sweden should not have negative rates unless necessary - Flawed data (unemployment figures) from Swedish stats office is catastrophic $SEK
  • The $JPY continues to crumble against a broadly supported US Dollar. $USDJPY may consolidate shortly but there’s little sign of a durable reversal. Get your market update from @DavidCottleFX here:https://t.co/YfHQibPlux https://t.co/0zoshF4O6Z
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.19% 🇨🇭CHF: 0.10% 🇬🇧GBP: -0.02% 🇪🇺EUR: -0.11% 🇳🇿NZD: -0.29% 🇦🇺AUD: -0.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WQ65vhaifh
  • GBP/USD Signals to Break the Deadlock – British Pound to USD Price Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2019/11/14/GBPUSD-Signals-to-Break-the-Deadlock-British-Pound-vs-USD-Price-MK.html?CHID=9&QPID=917714 https://t.co/qkDnpQ3xz4
Brexit Latest: MPs Propose Plan to Wrest Control From May

Brexit Latest: MPs Propose Plan to Wrest Control From May

2019-03-14 12:00:00
Martin Essex, MSTA, Analyst and Editor
Share:

Brexit: latest news and analysis:

  • Members of the Westminster Parliament have published a plan to wrest control of the Brexit process from UK Prime Minister Theresa May.
  • It would force a discussion in Parliament on March 20 to find a way forward that can command majority support.

New Brexit proposal

In yet another Brexit development, Members of Parliament from both Prime Minister Theresa May’s ruling Conservative Party and Opposition parties have tabled a proposal to enable the House of Commons to find a way forward that can command majority support.

It would overturn the usual rule that the Government controls what is discussed in Parliament and comes at a time when discussion is centering on whether the UK should ask for an extension of the March 29 Brexit deadline. Parliament is due to vote Thursday on seeking a last-minute delay, which would have to be agreed by all the other 27 EU members.

In a tweet, the BBC Political Editor Laura Kuenssberg wrote that the cross party-amendment, which would officially put MPs in charge of the Brexit process,might be harder fought through the day than the question of delay.

One of the amendment's signatories, MP Oliver Letwin, said that any indicative votes on Brexit alternatives following the March 20 discussion would take place in the week beginning March 25.

GBPUSD Price Chart, Five-Minute Timeframe (March 14, 2019)

Latest GBPUSD price chart.

Chart by IG (You can click on it for a larger image)

The proposal is one of four amendments selected by the House Speaker to the evening vote. The others call for a second Brexit referendum, for more time to find a way through the Brexit impasse and for Parliament to block May from bringing her plan back to the House for a third time. He did not choose one to allow a vote on ruling out a second referendum.

Sterling Outlook: GBPUSD, EURGBP Price Analysis and Brexit News

Resources to help you trade the forex markets:

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you:

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

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

DISCLOSURES

News & Analysis at your fingertips.