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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.04% Wall Street: 0.03% France 40: -0.58% Germany 30: -0.61% FTSE 100: -0.72% View the performance of all markets via
  • U.S. State Department lowers U.K. travel advisory to level 3 - BBG $GBPUSD
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency:
  • So, is Ethereum considered a 'value' market to new Dogecoin traders?
  • ...but before you write off H&S patterns because more have fallen apart rather than catalyzed lately, consider the monthly chart of $AUDUSD as well. That 0.8000-0.7925 zone is no joke as its historical midpoint, trendine and other technical points confluence
  • While there are other Dollar pairs getting more attention lately, I think $AUDUSD deserve a spot in the rotation. It's currently working out whether it is going to abide 2021's range as a consolidation reversal risk (H&S pattern)...
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.31% Oil - US Crude: -0.18% Silver: -0.50% View the performance of all markets via
  • Fed's Evans: - Tepid April jobs report was a 'head scratcher' - Welcomes wage growth as sign of a healthy jobs market - Fed has room to overshoot inflation target - 'It will be a while' before US has made enough progress to talk about tapering
  • US 10-Year Treasury yield extending to session highs and steering the Nasdaq to new lows of the day $NDX $QQQ $NQ_F
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.77%, while traders in Wall Street are at opposite extremes with 78.12%. See the summary chart below and full details and charts on DailyFX:
GBPUSD Outlook Improves After May Reaches Out to Corbyn on Brexit

GBPUSD Outlook Improves After May Reaches Out to Corbyn on Brexit

Martin Essex, MSTA, Analyst

GBP price, news and analysis:

  • The outlook for Sterling is less negative after UK Prime Minister Theresa May said she would talk to Opposition leader Jeremy Corbyn in an attempt to break the Brexit deadlock.
  • She also said she would try for another Brexit extension, improving the outlook for GBP further.

GBP benefits from hopes of softer Brexit

The British Pound is firmer Wednesday after UK Prime Minister Theresa May said she would talk to Labour Party leader Jeremy Corbyn in an effort to find a Brexit compromise, and seek EU agreement on a Brexit delay. That has improved the outlook for Sterling, which is now well placed to make further gains.

GBPUSD Price Chart, 30-Minute Timeframe (March 29 – April 3, 2019)

Latest GBPUSD price chart.

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

The talks, which could start as early as today, Wednesday, have raised hopes of a softer Brexit, perhaps involving a customs union between the UK and the EU, access to the single market and a confirmatory public vote on any deal reached.

The 1.32 level for GBPUSD now looks plausible near-term even though the pair already looks overbought. However, given the reported animosity between May and Corbyn, a breakthrough could still prove elusive – particularly if she fails to prevent an even deeper split within her ruling Conservative Party.

Domestic politics aside, the next key date for GBP traders could be April 10, when EU leaders are scheduled to meet to consider the UK’s Brexit plans. The current leaving date is April 12.

You can read more on the technical outlook for GBP here

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 or on Twitter @MartinSEssex

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