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.

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
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
Oil - US Crude
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
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇷🇺 CBR Press Conference due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-23
  • ECB said to expect difficult June decision on bond-buying pace, ECB views said to differ on economic optimism and need for caution - ECB sources $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.49%, while traders in Germany 30 are at opposite extremes with 68.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/coX4Ww1pRP
  • 🇷🇺 Interest Rate Decision Actual: 5% Expected: 4.75% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2021-04-23
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.50% Gold: 0.13% Silver: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DyTN6Z1PLU
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.34% 🇪🇺EUR: 0.34% 🇬🇧GBP: 0.33% 🇨🇦CAD: 0.18% 🇳🇿NZD: 0.15% 🇯🇵JPY: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JKnNu9wyXr
  • Heads Up:🇷🇺 Interest Rate Decision due at 10:30 GMT (15min) Expected: 4.75% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2021-04-23
  • ECB's De Cos - Including transient and mild inflation overshoots in monetary policy strategy is expected to have only a minor impact on inflation expectations - A point plan of exactly 2% would be a reasonable option (current inflation guidance = below, but close to 2%)
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: 0.20% Wall Street: 0.13% France 40: -0.26% Germany 30: -0.31% FTSE 100: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/OEqPvEZrZu
  • 🇬🇧 Markit/CIPS Manufacturing PMI Flash (APR) Actual: 60.7 Expected: 59 Previous: 58.9 https://www.dailyfx.com/economic-calendar#2021-04-23
GBP/USD, GBP/AUD and FTSE 100 Latest - UK Market Webinar

GBP/USD, GBP/AUD and FTSE 100 Latest - UK Market Webinar

Nick Cawley, Strategist

GBP/USD, GBP/AUD and FTSE 100 – Prices, Charts and Analysis:

  • Bank of England likely to increase QE by GBP100 billion on Thursday.
  • GBP/USD and FTSE 100 may struggle to move higher.
GBP Forecast
GBP Forecast
Recommended by Nick Cawley
Get Your Free GBP Forecast
Get My Guide

A busy week for UK asset traders with important data and key events the likely drivers of any move. In addition, the markets remain in risk-off mode as fears of a second wave of COVID-19 weigh on Sterling and the FTSE 100.

British Pound (GBP) Latest: GBP/USD Facing a Storm of Risk Events

GBP/USD may test the 50-day moving average at 1.2404 as the pair continue their short-term sequence of lower highs and lower lows. The 61.8% Fibonacci retracement level at 1.2517 is worth watching to see if it turns into resistance or support. Macro events will likely drive the next move.

GBP/USD Daily Price Chart (December 2019 – June 15, 2020)

GBP/USD, GBP/AUD and FTSE 100 Latest - UK Market Webinar
GBP/USD Mixed
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 15% -19% -3%
Weekly -4% 8% 1%
Learn How to Use Sentiment in Your Trading Strategy
Get My Guide

GBP/AUD continues to edge higher after the 1.8050 area held for three consecutive days. The risk-on Australian dollar is sliding lower and GBP/AUD may seek to press higher towards the 1.8650 area.

GBP/AUD Daily Price Chart (December 2019 – June 15, 2020)

GBP/USD, GBP/AUD and FTSE 100 Latest - UK Market Webinar

The FTSE 100 continues to probe support off the 50-day moving average and a close and open below 6,008 may see the 38.2% Fibonacci retracement level at 5,889 come into play in short order. The upside looks capped between the 20-dma at 6,210 and the 50% Fib retracement at 6,233.

FTSE 100 Daily Price Chart (December 2019 – June 15, 2020)

GBP/USD, GBP/AUD and FTSE 100 Latest - UK Market Webinar

Traders of all levels and abilities will find something to help them make more informed decisions in the new and improved DailyFX Trading Education Centre

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.

DISCLOSURES