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.

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
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
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
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
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
More View more
Real Time News
  • $USDCAD at a massive level as it challenges the neckline of a Double Top formation carved out over the past 4 years A weekly close below the psychologically pivotal 1.2000 handle could pave the way for prices to tumble towards parity in the coming months $CAD https://t.co/hcqat64uhY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.33%, while traders in Germany 30 are at opposite extremes with 76.47%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gDRCfZglWe
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.78% Gold: 0.33% Oil - US Crude: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/hZI8d9syK7
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.22% 🇪🇺EUR: 0.15% 🇨🇭CHF: 0.09% 🇨🇦CAD: -0.05% 🇦🇺AUD: -0.28% 🇳🇿NZD: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SMvmXEi0yD
  • EU and US announce a temporary truce as both agree to set up path to end WTO steel dispute
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: -0.16% Germany 30: -0.18% US 500: -0.22% Wall Street: -0.26% FTSE 100: -0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VX5wOdKk8m
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/iMfs3yj9pd
  • 🇬🇷 Unemployment Rate (JAN) Actual: 16.0% Previous: 15.8% https://www.dailyfx.com/economic-calendar#2021-05-17
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/EihvlFd7F7
  • 🇪🇸 Balance of Trade (MAR) Actual: €411.9M Previous: €-1.082B https://www.dailyfx.com/economic-calendar#2021-05-17
British Pound (GBP) Surges as Varadkar Hints at Brexit Deal

British Pound (GBP) Surges as Varadkar Hints at Brexit Deal

Rich Dvorak, Analyst

BREXIT LATEST: GBPUSD JUMPS, EURGBP SINKS AS IRISH PM VARADKAR SEES PATHWAY TO BREXIT DEAL

  • GBPUSD skyrockets nearly 200 pips following news Irish PM Varadkar sees a possible Brexit breakthrough
  • EURGBP pivots lower as the latest Brexit development suggests a break of impasse over the border in Northern Ireland
  • Take a look at this Brexit Timeline for insight on how Brexit negotiations have affected the financial markets

Irish PM Varadkar just updated markets in Liverpool following a meeting with British PM Boris Johnson where the political leaders discussed the sticky subject of Northern Ireland’s backstop and how to avoid a hard border. The Irish border has caused a major impasse between Brexit negotiators, which has largely prevented the UK and EU from agreeing on a Brexit Withdrawal Agreement.

The latest remarks from Varadkar, however, suggests that London and Brussels may finally be able to find common ground and get Brexit talks back on track. Varadkar stated that he had a “very good” discussion with PM Johnson and “hopes that today’s talks are sufficient for talks to resume.” This comes after harsh comments lobbed back and forth between UK and EU officials Wednesday, which caused no-deal Brexit fears to rise once again.

Varadkar detailed that avoiding a hard border has always been the primary objective and that “all sides would like an agreement next week.” He also added that he “sees pathway to possible deal,” but customs and consent are still outstanding issues that need to be ironed out.

GBPUSD PRICE CHART: 5-MINUTE TIME FRAME (OCTOBER 10, 2019 INTRADAY)

GBPUSD Price Chart Brexit Latest

GBPUSD surged above the 1.2250 mark immediately following the news and continued to climb toward the 1.2400 price level.

EURGBP PRICE CHART: 5-MINUTE TIME FRAME (OCTOBER 10, 2019 INTRADAY)

EURGBP Price Chart Brexit Latest

Similarly, the latest episode of strength in the British Pound sent spot EURGBP plunging from 0.9020 to 0.8900, which more than erased earlier upside in the Euro driven by the release of ECB minutes.

-- Written by Rich Dvorak, Junior Analyst for DailyFX.com

Connect with @RichDvorakFX on Twitter for real-time market insight

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

DISCLOSURES