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
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
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
GBP/USD Soars as Boris Johnson Wins Substantial Majority, What Happens Next?

GBP/USD Soars as Boris Johnson Wins Substantial Majority, What Happens Next?

Justin McQueen, Strategist

General Election Analysis & Talking Points

  • Conservatives Win Largest Majority Since 1987
  • GBP Surges to Fresh 2019 High
  • Focus Will Shift to Transition Period

Election Results as of 05:35GMT

Conservatives: 351 (+46)

Labour: 201 (-58)

Lib Dem: 9 (-1)

SNP: 46 (+13)

Results in 629/650

Boris Johnson is on course for a landslide victory with the Conservative party projected to gain over 360 seats. If confirmed, this will far surpass the 326-seat majority needed to govern and thus will pave the way for a smooth Brexit process with Boris Johnson able to pass his deal through parliament (December 20th had been touted as a potential voting day) with ease and take the UK out of the EU at the end of January. In reaction to the initial exit poll, the Pound surged to a fresh 2019 high of 1.3514 amid the reduction in political uncertainty. On the technical front, we expect the Pound to consolidate its gains in the run up to the year end with risks tilted to the upside.

GBP/USD Price Chart: Daily Time Frame (Feb 2018 – Dec 2019)

GBP/USD Soars as Boris Johnson Wins Substantial Majority, What Happens Next?

EUR/GBP Price Chart: Weekly Time Frame (Mar 2015 – Dec 2019)

GBP/USD Soars as Boris Johnson Wins Substantial Majority, What Happens Next?GBP/USD Soars as Boris Johnson Wins Substantial Majority, What Happens Next?

Transition Period: With the Withdrawal Agreement expected to pass, focus will soon shift towards the transition period, due to expire at the end of 2020. Boris Johnson has previously stated that he would not ask the EU for an extension to the transition period (decision must be made before the end of June), making for a tight schedule for the UK and EU to agree an FTA (average time taken for a trade deal is 4yrs), which in turn keeps the risk of a no-deal Brexit on the table. However, given Boris Johnson’s sizeable majority he may feel less pressure to maintain his rhetoric that he will not extend the transition period.

From the EU’s perspective, Brussels expect trade talks will begin in March, noting that an ambitious trade deal is unlikely to be negotiated and ratified by December 2020 with only the possibility of a quick FTA on EU terms.

Bank of England: The election outcome is likely to see a reduction in political uncertainty that has stifled UK economic activity since the EU referendum, thus potentially prompting the Bank of England to shift towards a more neutral stance. That said, this will also be predicated on a notable improvement in UK data, particularly that of the jobs markets as well as a consistent rise in business investment going forward.

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

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