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
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/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
USD/JPY
Bullish
More View more
Real Time News
  • - #USDollar may catch a haven bid as the US and China lock horns over technology - #TrumpExecutiveOrders may encounter congressional friction, spark dash to cash - #bidenvppick announcement could fail to stir markets unless the choice is unexpected https://www.dailyfx.com/forex/fundamental/article/special_report/2020/08/10/US-Dollar-Comeback-Ahead-US-China-Tensions-Push-Havens-Higher.html
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.01%, while traders in US 500 are at opposite extremes with 77.49%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/AB97lqEJQB
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.18% 🇳🇿NZD: 0.13% 🇯🇵JPY: 0.12% 🇪🇺EUR: 0.08% 🇨🇦CAD: 0.05% 🇨🇭CHF: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ThG7IBzIKu
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.67% France 40: 0.66% Germany 30: 0.60% Wall Street: 0.23% US 500: 0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2l1TvwiW5l
  • The Indian Rupee struggled to benefit from an unexpected RBI rate hold as the Nifty 50 inched closer to invalidating a bearish reversal signal. What is the road ahead for USD/INR? Find out from @ddubrovskyFX here:https://t.co/Zjiay6hQWT https://t.co/IdM8hb6pI1
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/3:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here: https://t.co/hsULxMNOtM https://t.co/TJbPf8arC3
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.26% Gold: -0.27% Silver: -1.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4Ap99p4ATh
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.18% 🇬🇧GBP: 0.16% 🇯🇵JPY: 0.14% 🇪🇺EUR: 0.09% 🇨🇦CAD: 0.08% 🇨🇭CHF: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/5NRt7MMbs6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.84%, while traders in US 500 are at opposite extremes with 78.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NedpyrXTeR
  • 🇨🇳 PPI YoY (JUL) Actual: -2.4% Expected: -2.5% Previous: -3.0% https://www.dailyfx.com/economic-calendar#2020-08-10
Sterling (GBP) Price Continues to Rally on Renewed Brexit Optimism

Sterling (GBP) Price Continues to Rally on Renewed Brexit Optimism

2019-10-11 09:57:00
Nick Cawley, Strategist
Share:

GBP/USD Price, Charts and Analysis

  • Sterling drives higher as EU offers fresh hope for a negotiated Brexit.
  • GBP/USD pushes through 1.2500 and nears a three-month high.

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

GBP/USD is nearing a fresh three-month high after the latest commentary from EC President Donald Tusk added further hope that a Brexit deal can be struck between the EU and UK, as the October 31 deadline nears. Speaking earlier today, Tusk said that while ‘we are still in a situation in which the UK has not come forward with a workable, realistic approach’ he had received ‘promising signals’ from Irish PM Leo Varadkar that a deal ‘is still possible’. In addition, Tusk said that while there is no guarantee of success and time is practically up, ‘even the slightest chance must be used’. This may be seen as blame deflection by the EU, it is also the first time in months and years of wrangling that both sides are making positive noises about a deal.

Sterling traders have taken this news, and as further proof of positive intent from both sides and the British Pound continues to build on Thursday’s rally after Irish PM Varadkar and UK PM Johnson said that see ‘a pathway’ to a Brexit deal. After trading as low as 1.2207 on Thursday, GBP/USD touched a high of 1.2544 today before drifting slightly lower. A break above the September 20 high at 1.2582 would see the pair back at levels last seen in mid-July. A break and close above here would also confirms Sterling’s turnaround and would set the pair up for an attempt at the 200-day moving average, currently at 1.2671 ahead of the June 25 lower high at 1.2784.

GBP/USD Daily Price Chart (January - October 11, 2019)

Sterling (GBP) Price Continues to Rally on Renewed Brexit Optimism

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 and 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.

DISCLOSURES

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.