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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • What's the difference between leading and lagging indicators? Find out from here:
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here:
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
British Pound (GBP) Latest: GBP/USD and FTSE 100 Trimming Wild Gains

British Pound (GBP) Latest: GBP/USD and FTSE 100 Trimming Wild Gains

Nick Cawley, Strategist

Sterling and FTSE 100 - News, Prices and Analysis:

  • GBP/USD slipping back from 1.2300.
  • FTSE 100 swings from bear to bull market.

GBP/USD Volatility Remains

An extremely volatile week for GBP/USD traders with cable trading between a 1.1444 low made on Monday and a 1.2308 high made early Friday. Monday’s sharp sell-off left traders confused and was quickly recovered, and today’s high print again had little fundamental or technical reasoning behind it. A weaker US dollar has helped the pair push higher but Sterling’s strength against a range of currencies, especially in the current situation, remains questionable. For the current strength to stay in place, the pair need to carve out a trading range to boost positive sentiment and stabilize price action. The daily chart shows a couple of negative signs with the pair rejecting the 20-dma this morning, while mid-week a bearish ‘death-cross’ formed, a closely watched longer-term bear signal. If support around 1.2000 can hold next week, a further attempt at the 20-dma and today’s 1.2308 high may be seen.

GBP/USD Daily Price Chart (September 2019 – March 27, 2020)

British Pound (GBP) Latest: GBP/USD and FTSE 100 Trimming Wild Gains

For all market moving data and events, see the DailyFX Calendar.

Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -9% -24% -18%
Weekly -8% 19% 6%
Learn How to Use Sentiment in Your Trading Strategy
Get My Guide

FTSE 100 Swings From Bear to Bull Market

After entering the week heavily in bear market, the FTSE 100 has rallied 22% from low-to-high, sparking short-lived bull market headlines. The surge higher has been fueled by the USD2 trillion US economic rescue package, the latest in a round of global liquidity measures to fight off the economic effects of the coronavirus. UK chancellor of the exchequer Rishi Sunak also announced a raft of unprecedented fiscal measure this week to help prop up the UK economy. The FTSE needs to respect support around the 5,400 level to maintain further upward momentum, which may prove difficult with a 50-dma and 200-dma ‘death cross’ seen on the daily chart. A break and close above the 5,820 area would leave the March 9 high at 6,238 as the next target, with a gap just above back to 6,400.

FTSE 100 Daily Price Chart (August 2019 – March 27, 2020)

British Pound (GBP) Latest: GBP/USD and FTSE 100 Trimming Wild Gains

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 (GBP) and the FTSE 100 – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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