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.

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
Bullish
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
Wall Street
Mixed
Gold
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • #DAX: A breakout above 12913 could soon have the gap-down in focus from February that kicked off the massive Q1 sell-off. Get your DAX market update from @PaulRobinsonFX here: https://t.co/Cw29vVEcxI https://t.co/Z3fN7K5kpX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.02%, while traders in US 500 are at opposite extremes with 74.47%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/n5Xuy8XTuC
  • #Fed Beige Book: - Employment increased on net in nearly all districts - Payrolls remain well below pre-pandemic level in almost all districts $DXY
  • #Fed Beige Book: - Economic activity increased in nearly all districts, but down from pre-pandemic levels - Retail sales led by rebound in auto sales - Most districts report uptick in manufacturing activity - Construction remains subdued $DXY
  • RT @MarketsTicker: Fed's Beige Book says activity increased in almost all districts but remains well below pre-pandemic levels
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.69% Wall Street: 0.64% Germany 30: -0.22% FTSE 100: -0.22% France 40: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uVAPLeD1hH
  • New York #Fed Executive VP Logan says drop in balance sheet a signal of financial market health - BBG
  • The plunge in gold volatility has not seen an ensuing drop in gold prices – more evidence that our longstanding axiom on the gold volatility-gold price relationship holds true. Get your $XAUUSD market update from @CVecchioFX here: https://t.co/GeXl10ibPv https://t.co/xH8yBn8qAG
  • Heads Up:🇺🇸 Fed Beige Book due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-15
  • New York #Fed Executive VP Logan: - Uncertainty from COVID-19 makes future-shock protection prudent - BBG
Brexit Briefing: GBP/USD Price Weakens After General Election Debate

Brexit Briefing: GBP/USD Price Weakens After General Election Debate

2019-11-20 09:00:00
Martin Essex, MSTA, Analyst
Share:

GBP/USD price, Brexit news and analysis:

  • The UK Opposition Labour Party’s Jeremy Corbyn narrowly beat Prime Minister Boris Johnson in the first televised head-to-head General Election debate between the two leaders broadcast Tuesday, according to pollsters YouGov.
  • Sterling is modestly weaker so far Wednesday, with GBP/USD again rejecting resistance at 1.30.

GBP slips back after TV debate dominated by Brexit

UK Prime Minister Boris Johnson was marginally weaker than the Labour Party’s Jeremy Corbyn in the first televised debate between the two leaders ahead of the December 12 UK General Election, according to pollsters YouGov.

The debate, broadcast by ITV, was dominated by Brexit in the first half before switching to issues such as the National Health Service. According to YouGov, viewers think Johnson was stronger during the debate on Brexit (63% to Corbyns 27%), while the Labour leader performed better on the NHS (54% vs 38%). Overall, most viewers think both leaders performed well, but Corbyn edged out Johnson by 67% to 59%, YouGov added.

Looking at Sterling, which tends to rise when Johnson’s Conservatives appear more likely to win the election, GBP/USD eased back, again rejecting resistance at 1.30.

GBP/USD Price Chart, 10-Minute Timeframe (November 19-20, 2019)

Latest GBPUSD price chart.

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

Brexit Glossary - Brexit Jargon and Terms Explained

As for EUR/GBP, that edged higher, remaining above support just above the 0.85 level.

Meanwhile, a row is breaking out after the Conservative Party changed the name of one of its Twitter accounts to make it look like a fact checking service during the debate.The Conservative Campaign Headquarters press office account changed its name to factcheckUK from its usual CCHQPress and switched its avatar to a white tick against a purple background.

According to the latest polls, Conservative Party support currently stands at around 42%, with Labour at around 30% and the Liberal Democrats on 15%.

Brexit Timeline – The Path Ahead

We look at Sterling regularly in the DailyFX Trading Global Markets Decoded podcasts that you can find here on Apple or wherever you go for your podcasts

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 martin.essex@ig.com or on Twitter @MartinSEssex

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

DISCLOSURES

News & Analysis at your fingertips.