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
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
Oil - US Crude
More View more
Real Time News
  • RT @globaltimesnews: A total of 1,052 cases of #coronavirus have been reported as of Jan 25 in #Hubei Province, with 129 in critical condit…
  • RT @FactSet: $SPX is reporting revenue growth of 2.9% for Q4, led by the Health Care (11%), Utilities (9%), and Communication Services (9%)…
  • The AUD has been hit by the risk-appetite pullback occasioned by the spread of Wuhan-strain coronavirus. This week may see domestic focus return, if headlines allow, with key inflation data due. Get your $AUDUSD market update from @DavidCottleFX here: https://t.co/UIpwno0pSq https://t.co/kib4d1mA0q
  • RT @anilvohra69: USD inverted (red) is correlated to Excess Reserves (blue) and Reserve Balances (green). 1/2 https://t.co/bbO1pPWY4F
  • RT @FactSet: $SPX is reporting a decline in earnings of -1.9% for Q4, led by the Energy (-42%), Consumer Discretionary (-14%), and Material…
  • 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: https://t.co/EfWEACQ6Cz https://t.co/6iMyDFqnqe
  • Knowing how to accurately value a #stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/2mjzvYvgSn
  • Previewing the Texas Rangers new home! https://t.co/WITZGSQPlc
  • Thanks for having me on @MartinSEssex https://t.co/fg8uOe16wr
  • The MACD is often used with its default setting when entering trades. However, this versatile indicator can be customized to assist traders in exiting trades too. Learn how to better incorporate the MACD into your trading strategy here: https://t.co/HnY7gzsI2q https://t.co/5F1DSvAXyy
GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears

GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears

2019-10-10 08:55:00
Nick Cawley, Analyst

GBP/USD Price, Charts and Analysis

  • GDP contracts in August but rolling 3-month growth beats expectations.
  • Brexit negotiations ongoing as PM Johnson’s meets Taoiseach Varadkar.

Brand New Q4 2019 GBP and USD Forecasts and Top Trading Opportunities

UK growth contracted in August, according to the latest Office for National Statistics (ONS) data but rolling 3-month GDP beat market expectations. GDP fell by 0.1% in August, compared to a flat reading in July, while 3m/3m GDP rose by 0.3% compared to expectations, and a prior month’s reading of 0.1%. The positive performance was aided by tv and film production boosting the services sector, while manufacturing performance remains weak, according to the ONS. The 3m/3m index of services rose by 0.4%, beating expectations and a prior month’s outturn of 0.2%.

GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears

GBPUSD nudged higher on the release before paring gains ahead of today’s Brexit meeting between UK PM Johnson and Irish Taoiseach Varadkar at mid-day. EU members and officials have been saying that this weekend is crunch time to see if there is the basis of a deal on the table ahead of the EU members meeting on October 17-18. Johnson’s latest offer has not found any favor with the EU, while yesterday’s rumor of a time-limited NI backstop offer by the EU has been refuted by the EU and rejected by the UK.

GBP/USD Five Minute Price Chart (October 10, 2019)

GBP/USD Nudges Higher After UK GDP Update, Brexit Meeting Nears

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on Sterling, the US Dollar and/or Brexit – bullish or bearish?? 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.


News & Analysis at your fingertips.