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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • Fed's Williams: - I see the economy growing 7% year over year in 2021 - Prices should not continue to increase at elevated rates once they have fully adjusted to the reopened economy
  • Fed's Williams: - The economy hasn't recovered sufficiently for stimulus to be reduced - The economy is improving at a rapid pace and has rebounded faster than expected
  • Fed's Williams: - The Fed will be watching inflation data carefully as price uncertainty abounds - Inflation is likely to rise to 3% this year before falling to close to 2% in 2022
  • Analyst called the 'Warren Buffett of the Kicklighter Household' says rebound in markets is not likely to turn into full-scale bull trend
  • Heads Up:🇺🇸 Fed Williams Speech due at 19:00 GMT (15min)
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 1.10% Silver: 0.64% Oil - US Crude: 0.00% View the performance of all markets via
  • what a day for stonks $SPX $SPY judging by the way $ES started trading when futes opened last night, I thought we'd be dealing with a nasty situation Not so, ~90 handles of rip off the lows Price now testing resistance at the trendline drawn from pandemic lows
  • USD overextended, support on pullbacks expected.Tough hurdles ahead on EUR/USD recovery. Get your market update from @JMcQueenFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 86.42%, while traders in France 40 are at opposite extremes with 71.87%. See the summary chart below and full details and charts on DailyFX:
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.80% US 500: 1.40% FTSE 100: 0.33% France 40: 0.30% Germany 30: 0.26% View the performance of all markets via
GBPUSD Outlook: No End in Sight for Trend Lower

GBPUSD Outlook: No End in Sight for Trend Lower

Martin Essex, MSTA, Analyst

GBP price, news and analysis:

  • GBPUSD is facing further losses as it falls within a well-defined downward-sloping channel on the daily chart.
  • The suspension of the British Parliament by Prime Minister Boris Johnson is the latest development to have undermined it.

Further losses likely for Sterling

The GBPUSD price outlook remains negative as it continues to drop within a downward-sloping channel on the daily chart that has been in place since early May. After challenging and failing to rise above the resistance line connecting the lower highs recorded over the last three months, it now looks likely to weaken further, to support at the 1.20 “round number” and even perhaps to the channel support line currently at 1.1860.

In the short-term, however, there is support at 1.2154, where the 20-day moving average kicks in and at the 1.2064 low touched on August 20. To the upside, resistance lies at 1.2290, where the line connecting the lower highs checks in, and then at August 27’s 1.2310 high.

GBPUSD Price Chart, Daily Timeframe (May 1 – August 29, 2019)

Latest GBPUSD price chart.

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

GBP Price Outlook: Further Falls Possible as Boris Faces Brexit Stalemate

A 'constitutional outrage'

The latest slide lower follows UK Prime Minister Boris Johnson’s decision to suspend the British Parliament for almost a month, in a move seen widely as an attempt to prevent opponents of Brexit from thwarting it. John Bercow, the Speaker of the House of Commons, described the decision as “a constitutional outrage” and it has also increased the chances of both a “no-deal” Brexit on October 31 and a UK General Election this year. A second Brexit referendum is now highly unlikely.

Positioning data bearish too

Further Sterling weakness is also suggested by the latest IG retail trader positioning data. At DailyFX, we take a contrarian view of client sentiment and that data currently implies a bearish outlook for GBPUSD from a contrarian perspective.

IG client sentiment data for GBPUSD.

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.