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
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
  • IMF World Economic Outlook updates: - US 2021 GDP estimate raised to 5.1% from 3.1% - Euro-area growth estimate cut - Great deal of uncertainty remains around forecasts - Realization of potential downside risks could cause a tightening in financial conditions $EUR $USD
  • IMF World Economic Outlook updates: - Lifts 2021 global outlook on stimulus and vaccines boost - Says global recession shallower than previously expected - Raises 2021 global growth estimates from 5.2% to 5.5% $EEM $USD $URTH
  • 🇭🇺 Deposit Interest Rate (JAN) Actual: -0.05% Expected: -0.05% Previous: -0.05%
  • 🇭🇺 Interest Rate Decision Actual: 0.6% Expected: 0.6% Previous: 0.6%
  • Heads Up:🇺🇸 IMF World Economic Outlook due at 13:00 GMT (15min)
  • Heads Up:🇭🇺 Deposit Interest Rate (JAN) due at 13:00 GMT (15min) Expected: -0.05% Previous: -0.05%
  • Heads Up:🇭🇺 Interest Rate Decision due at 13:00 GMT (15min) Expected: 0.6% Previous: 0.6%
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here:
  • US Dollar slips with high beta FX hovering at session highs amid results from Regeneron's antibody drug cocktail which prevented 100% of symptomatic infections and cut down asymptomatic infections by a half in interim study
  • 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:
GBP/USD, EUR/GBP and GBP/CAD Prices and Forecasts - UK Webinar

GBP/USD, EUR/GBP and GBP/CAD Prices and Forecasts - UK Webinar

Nick Cawley, Strategist

Sterling (GBP) – GBP/USD, EUR/GBP and GBP/CAD Prices and Analysis:

  • GBP/USD stuck in two-point trading range for now.
  • EUR/GBP respecting Fibonacci retracement.
  • GBP/CAD looking at oil and Canadian jobs release.
Building Confidence in Trading
Building Confidence in Trading
Recommended by Nick Cawley
Every Trader Needs a Game Plan
Get My Guide

Prime Minister Boris Johnson was admitted to hospital on Sunday with ongoing coronavirus symptoms and while he is still leading the country from his hospital bed, any further escalations of his condition could see the Foreign Secretary, Dominic Raab, take charge. Traders need to follow the PM’s condition closely as any change in leadership, even in the short-term, could affect UK markets. In the data space, a light calendar with some pre-lockdown releases. US and Canadian jobs data out on Thursday however need to be closely watched, while the virtual OPEC+ meeting is mooted for later in the week. GBP/CAD may prove to be particularly volatile at the end of the week and may arrest the recent set of lower highs if Canadian jobs or OPEC+ oil news disappoints.

DailyFX Economic Calendar

GBP/USD Stuck in a Short-Term Range

Cable is back off last Friday’s lows and looks to have set-up short-term support just above 1.2200. Price action may be confined by last Friday’s high at 1.2400, while above here the 1.2470-1.2488 zone may be difficult to break through in current market conditions.

GBP/USD Daily Price Chart (August 2019 – April 6, 2020)

GBP/USD, EUR/GBP and GBP/CAD Prices and Forecasts - UK Webinar
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 6% -3% 1%
Weekly -19% 20% -1%
Learn How to Use Sentiment in Your Trading Strategy
Get My Guide

EUR/GBP Testing Fibonacci Retracement

A sharp sell-off from the March 19 high at 0.9500 has seen EUR/GBP test the 61.8% Fibonacci retracement level at 0.8747 twice. For the pair to move lower, this level needs to be broken conclusively and closed below to open the way to the 50-dma at 0.8735 and the 200-dma at 0.8691. Note a bullish ‘golden-cross’ was made last week which may point to higher prices in the shot- to medium-term.

EUR/GBP Daily Price Chart (September 2019 – April 6, 2020)

GBP/USD, EUR/GBP and GBP/CAD Prices and Forecasts - UK Webinar

While markets remain volatile and difficult to trade, it is a good time to go back and brush up on a variety of essential trading skill sets. DailyFX strategist Paul Robinson has put together a series of videos -How to Become a Better Trader- that will help traders of all levels and competences.

What is your view on Sterling (GBP)– 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.