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
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
Bearish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.02% US 500: -0.09% Wall Street: -0.10% France 40: -0.13% FTSE 100: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/W40Vx8cpJi
  • Get your Thursday market update from @DailyFX Chief Strategist @JohnKicklighter 👇. He covers the US Presidential debate and more! https://t.co/9s7A2Y7Az4
  • US Eight-Week Bills Draw 0.090% Primary Dealers Awarded: 49.6% Indirect Bidders Accepted: 39.6% Direct Bidders Accepted: 10.8% B/C Ratio: 3.51
  • If the market's speculative leaders and its once-leading speculative catalysts can't reinvigorate a well-established bull trend, something significant is anchoring us
  • curious to see the results on this poll 👇 https://t.co/Yd0YgmUky5
  • We are now less than two weeks away from the US Presidential Election 🇺🇸. What do you think the #FX market impact will be?
  • Pelosi says 'just about there' on relief deal - BBG
  • $CSX - the rail shipping company that I consider a good proxy to growth - managed announced its $5 billion share buyback last night, which is cat nip to stocks, and it too can't follow through on its opening gap
  • Tesla offered up an earnings beat last night and the speculative favorite that is up 412% (!) on the year is spinning its tires today in the aftermath
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇨🇦CAD: -0.03% 🇯🇵JPY: -0.21% 🇦🇺AUD: -0.26% 🇪🇺EUR: -0.34% 🇬🇧GBP: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UHRqYP6B9B
British Pound (GBP) Latest: Stronger all Round as Brexit Talks Resume

British Pound (GBP) Latest: Stronger all Round as Brexit Talks Resume

2020-09-29 08:00:00
Martin Essex, MSTA, Analyst
Share:

GBP price, Brexit news and analysis:

  • GBP/USD is rising, EUR/GBP is falling and many of the Sterling crosses are heading higher as traders move cautiously into riskier assets and take profits on the bullish USD trade.
  • That’s despite a continuing lack of progress in the talks between the EU and the UK on their post-Brexit relationship, with both sides saying a deal is still some way off.

GBP/USD heads higher

GBP/USD is firmer and Sterling is also higher against most other currencies as the appetite for riskier assets increases and traders who were long the safe-haven US Dollar realize some of their gains.

That profit-taking could continue for a while yet but a change from the recent risk-off trend seems unlikely longer term as global coronavirus deaths top one million – casting doubts on an economic recovery – and progress on a US fiscal stimulus package remains limited ahead of the first US Presidential debate at 0100 GMT Wednesday.

GBP/USD Price Chart, Daily Timeframe (June 30 – September 29, 2020)

Latest GBP/USD price chart.

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

Starts in:
Live now:
Oct 27
( 10:10 GMT )
Recommended by Martin Essex, MSTA
Trading Sentiment
Register for webinar
Join now
Webinar has ended

Meanwhile, both sides involved in the current talks in Brussels between the EU and the UK on their post-Brexit relationship say a deal is still some way off. This is likely to be a key week for the negotiations, with the two sides still far apart on trade and the divorce deal, with the UK government determined to pass its Internal Market Bill that would undermine the Withdrawal Agreement.

EUR/GBP Price Chart, Daily Timeframe (June 30 – September 29, 2020)

Latest EUR/GBP price chart.

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

EUR/GBP BEARISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 66% -13% 24%
Weekly 45% -9% 19%
What does it mean for price action?
Get My Guide

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

Check here what type of forex trader you are

--- Written by Martin Essex, Analyst

Feel free to contact me on Twitter @MartinSEssex

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

DISCLOSURES