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.



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
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
  • NY Fed accepts $1.039 trillion in reverse repo operations $USD $DXY
  • This week cryptocurrencies were on the charge with Bitcoin leading the rally. Get your $BTC market update from @WVenketas here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.59%, while traders in France 40 are at opposite extremes with 71.33%. See the summary chart below and full details and charts on DailyFX:
  • US Dollar is fairly mixed across the board of major currency pairs headed into month-end. The DXY Index is little changed on the session as recent selling pressure starts to subside. Get your market update from @RichDvorakFX here:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.34% Silver: -0.02% Gold: -0.56% View the performance of all markets via
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.00% 🇨🇦CAD: -0.21% 🇯🇵JPY: -0.21% 🇬🇧GBP: -0.35% 🇳🇿NZD: -0.45% 🇦🇺AUD: -0.63% View the performance of all markets via
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: 0.01% FTSE 100: -0.06% Germany 30: -0.07% Wall Street: -0.33% US 500: -0.53% View the performance of all markets via
  • from support to resistance in $USD some very decent friday action $DXY
  • The Dollar is up after the core June PCE accelerated further to a 3.5% clip (highest since 1991), but US 10-Year yield is down 4 bps to 1.2290 and implied rate hikes through Dec 2022 has dropped 1.5bps from yesterday to 14bp (56% prob of hike)
  • It's time to look at the monthly candles on charts and check in on the Dollar and Amazon. DailyFX's @JohnKicklighter covers the markets 👇
British Pound (GBP) Latest: GBP/USD Easing Further After Tuesday's Losses

British Pound (GBP) Latest: GBP/USD Easing Further After Tuesday's Losses

Martin Essex, MSTA, Analyst

GBP price, Brexit news and analysis:

  • Halted vaccine trials at two US companies, and no sign of progress towards a US stimulus package, have together lifted the US Dollar and damaged GBP/USD in the process.
  • GBP may also be suffering from pessimistic comments Tuesday from the Bank of England Governor and by stricter anti-virus guidelines in the UK.
  • However, the European Council meeting that begins Thursday remains the focus for Sterling traders, with a draft statement suggesting stepping up no-deal preparations as the EU and UK continue to bicker on their post-Brexit relationship.

GBP/USD breaks below support

GBP/USD has broken below support at 1.2885 from the 20-day simple moving average after a series of events Tuesday ended its previous advance. Now, further support at 1.2822 from the 100-dma needs to hold if that advance is to resume.

GBP/USD Price Chart, Daily Timeframe (July 14 – October 14, 2020)

Latest GBP/USD price chart.

Source: Refinitiv (You can click on it for a larger image)

The principle factors weakening GBP/USD have been news that two US companies – Eli Lilly and Johnson & Johnson – have paused their Covid-19 vaccine trials, while the talks in the US on a fiscal stimulus package are still making no progress. That has boosted demand for the safe-haven US Dollar at the expense of the GBP/USD pair.

Bailey and Brexit

Domestically, Bank of England Governor Andrew Bailey said Tuesday that he did not think the UK economy was undergoing a sharp V-shaped recovery because of headwinds from a second wave of Covid-19. That came after the UK Government announced a new three-tier system of local lockdowns.

In addition, there is widespread pessimism on the progress of talks between the EU and the UK on their post-Brexit relationship. A two-day meeting of EU leaders begins Thursday and they seem likely to kick the can down the road again.

A draft statement from the European Council meeting, reported by Reuters, said the talks are “still not sufficient” to seal a new trade deal and that EU leaders will step up their preparations for no deal by the December 31 end of the current post-Brexit transition period.

Ahead of the summit, Sterling overnight implied volatility has jumped to a seven-month high above 13%.

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

--- 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.