Skip to Content
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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Brexit Latest: GBP/USD Extends Gains, Brexit Talks to Resume

Brexit Latest: GBP/USD Extends Gains, Brexit Talks to Resume

What's on this page

GBP/USD Price Analysis & News

  • Brexit Talks Set to Resume
  • GBP/USD Extends Gains to Session Highs
Advertisement

Brexit Talks Set to Resume GBP/USD Extends Gains

Brexit talks are set to resume, a headline that shouldn’t be a surprise to many given the renewed optimism, but enough to give the Pound an added push towards session highs. The source report also noted that the aim is for a deal by mid-November with confirmation of the decision to restart talks expected within the next 24hours. Keep in mind however, that mid-November had been previously highlighted as a new Brexit deadline date if talks were to continue. Alongside this, EU’s Barnier and UK’s Frost are due to speak for the third time in as many days, where we may receive further clarity on the latest reports.

GBP Forecast
GBP Forecast
Recommended by Justin McQueen
Download our fresh Q4 GBP Forecast
Get My Guide

That said, the Pound had been notably firmer prior to the reports after EU’s Barnier noted that compromise is needed on both sides to reach a deal, which marked a slight change in message from last week, where the EU emphasised that the UK needed to compromise.

GBP/USD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -10% -4% -8%
Weekly -5% 8% 0%
Learn how to use Sentiment in your trading strategy
Get My Guide

GBP/USD 1-Minute Chart: Daily Time Frame

Source: IG

10 Most Popular Candlestick Patterns

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

DISCLOSURES