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
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
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
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
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/FqAsp91Gia
  • 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: https://t.co/7t4BzmLg8w https://t.co/cKOUmtj7Dj
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/TnL91f7sl7
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/cDcjl3Ue09
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/KWOX5wSipe
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/cwSWCpKtaj
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/mfwJ0sZLTs https://t.co/zu5hMovbz6
  • 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/QMKyTBOKNG
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/aRkGoNvj6D
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/ltVTNO2sjT
Brexit Briefing: Talks Resume Between UK and EU, Sterling Stable

Brexit Briefing: Talks Resume Between UK and EU, Sterling Stable

Martin Essex, MSTA, Analyst

GBP price, Brexit news and analysis:

  • Ursula von der Leyen, the new President of the European Commission, is due in London Wednesday to discuss Brexit with UK Prime Minister Boris Johnson.
  • The principal bone of contention will likely be the Brexit timetable rather than the terms of any trade deal between the two sides.
  • Sterling is holding its ground ahead of any substantive news from the meeting.

EUR/GBP stable as Von der Leyen visits London

European Commission President Ursula von der Leyen is due in London Wednesday to discuss Brexit with UK Prime Minister Boris Johnson amid signs that the two sides remain far apart on the Brexit timetable. Johnson has promised that the “implementation period” will conclude by the end of December while von der Leyen has described that as “extremely challenging”.

For Sterling traders this matters as any signs of disagreement so early in the negotiations could lead to weakness, although both sides are likely to remain diplomatic at this stage. In the meantime, the Pound is holding its ground against the Euro although signs of weakness are beginning to emerge.

EUR/GBP Price Chart, One-Hour Timeframe (January 3-8, 2020)

Latest EUR/GBP price chart.

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

Sterling is also stable against the US Dollar, with GBP/USD still driven largely by the conflict between the US and Iran rather than the EU-UK trading relationship post-Brexit, which is scheduled for the end of this month.

Negotiations on a new economic relationship are not expected to begin in earnest until after the UK has left the EU on January 31. Trade talks between the UK and its other major partners like the US could also start then. US President Donald Trump has talked of a “massive” US-UK free trade deal after Brexit, with “the potential to be far bigger and more lucrative than any deal that could be made [by the UK] with the EU.”

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

--- 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