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
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.32%, while traders in GBP/JPY are at opposite extremes with 69.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kcsD3qjosI
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.87% Gold: 0.42% Silver: 0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SOyVF8iNo4
  • 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/LXxiXJecyJ
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.26% 🇳🇿NZD: 0.24% 🇨🇦CAD: 0.19% 🇯🇵JPY: 0.10% 🇦🇺AUD: 0.10% 🇬🇧GBP: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HqraVadHCu
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.67% FTSE 100: 0.66% US 500: 0.64% Wall Street: 0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/l7tN7uRmmb
  • 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/5M6zJ7kDnk
  • A “PIP” – which stands for Point in Percentage - is the unit of measure used by forex traders to define the smallest change in value between two currencies. Learn how to understand pips in forex here: https://t.co/AfAhmIoVZv https://t.co/Lp5XGaWX7n
  • 🇭🇰 GDP Growth Rate QoQ Final (Q1) Actual: 5.4% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇭🇰 GDP Growth Rate YoY Final (Q1) Actual: 7.9% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/zD9UMxLCzr
British Pound (GBP) Latest: GBP/USD Stable Despite Trade Deal Concerns

British Pound (GBP) Latest: GBP/USD Stable Despite Trade Deal Concerns

Martin Essex, MSTA, Analyst

GBP price, Brexit news and analysis:

  • GBP/USD’s recent climb higher has paused after a report that the UK is close to abandoning hopes of a post-Brexit trade deal with the EU and a separate report that the UK has given up hope of a trade deal with the US by the year-end.
  • Nonetheless, the setback for GBP/USD has been only modest, suggesting that the pair could resume its climb higher shortly.

GBP/USD near-term outlook still positive

GBP/USD is pausing after its recent climb higher but the lack of a sharp selloff on bad news on post-Brexit trade talks with both the EU and the US suggests that the underlying trend in the pair remains upwards.

According to The Daily Telegraph, the UK is close to abandoning hopes of a post-Brexit trade deal with the EU, and the UK Government’s working assumption is that the UK and the EU will trade on World Trade Organization rules when the current transition period ends on December 31. Separately, the Financial Times has reported that the UK has given up hope of a trade deal with the US ahead of November’s US Presidential election.

However, the FTSE 100 index of the major London-listed stocks is little changed in early business Wednesday, EUR/GBP is only marginally higher and GBP/USD just a little lower.

GBP/USD Price Chart, One-Hour Timeframe (July 17-22, 2020)

Latest GBP/USD price chart.

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

The latest moves in Sterling have come amidst broadly upbeat sentiment in the financial markets on expectations of a global economic recovery, a positive response to this week’s agreement on an EU recovery fund and optimism about a new round of stimulus measures in the US. However, the market response has been muted as coronavirus cases continue to rise.

We look at currencies regularly in the DailyFX Trading Global Markets Decoded podcasts that you can find here on Apple or wherever you go for your podcasts

Like to learn more about sentiment analysis in forex trading? Here’s a link to an article you may find useful

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via Twitter @MartinSEssex

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

DISCLOSURES