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
Wall Street
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
  • All eyes on the Fed on Wednesday as investors weigh on chances of a taper announcement. Get your weekly equities forecast from @HathornSabin here:
  • 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:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The US Dollar caught a bid in the late part of last week to set a fresh September high. FOMC is around the corner, are bulls going to be able to push for another fresh high? Get your weekly US Dollar forecast from @JStanleyFX here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The Australian Dollar remains vulnerable to most of its major counterparts, with AUD/USD and AUD/JPY resuming losses. Did AUD/NZD bottom? AUD/CAD may consolidate. Get your weekly Australian Dollar forecast from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest

Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest

Justin McQueen, Strategist

GBP/USD Price Analysis & News

  • GBP/USD Latest: Breaking Down from Elevated Levels
  • EUR/GBP Latest: Back to Dec Highs
  • GBP/JPY Latest: 140 Yet Again Rejected

GBP Update: Losses Extend as Markets Digest Latest Brexit and COVID Concerns

GBP losses have extended further throughout the morning as European participants digest the newsflow from the weekend. Brexit negotiations are continuing this week, however, as the Irish Foreign Minister has mentioned significant differences persist with fisheries remaining the key stumbling block. Aside from Brexit, the worsening COVID situation has not helped matters for the Pound with tier 4 measures in London and concerns over a new strain of the virus leading to supply disruptions of UK goods. That said, there is one slightly positive news, which is that plans are being made for a European-wide mechanism to allow traffic flow between the UK and France to resume, according to the French Transport Minister.

As we approach the US crossover, eyes will be focussed on whether the current risk-off moves are extended or begin to reverse.

GBP/USD Latest: Breaking Down from Elevated Levels

Sharp losses for GBP/USD with the pair currently 2.1% lower at the time of writing. A brief move below 1.3200, which also roughly coincides with the 50DMA at 1.3206 and trendline support from the YTD low. In turn, further losses have been curbed, for now, however, failure to hold brings the Dec low at 1.3134 into focus. On the topside, initial resistance resides at 1.3270-80 (last weeks lows) with a break above opening the doors to 1.3340-45. Of note, GBP/USD 1-day implied volatility is at the highest since the Q1 COVID crash, thus price action is expected to become choppy at current levels.

GBP/USD Chart: Daily Time Frame

Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest

Source: IG Charts

EUR/GBP Latest: Back to Dec Highs

As EUR/GBP hovers around 0.9200, the cross is back to levels associated with heightened no-deal Brexit risks. Although, what is interesting to note is that bookmakers (SMARKETS) at present have the odds of a deal at a higher probability than a no-deal (55/45). That said, GBP will continue to remain extremely sensitive to Brexit related headlines, meaning that traders with exposure to GBP must remain disciplined. In terms of levels to watch, topside resistance is situated at 0.9200-20, which has capped further upside at present. In terms of initial support, there is little in the way until 0.9120 with 0.9060 below (gap close).

For a comprehensive look at trading discipline, check out the traders guide to trading psychology

EUR/GBP Chart: Daily Time Frame

Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest

Source: IG Charts

GBP/JPY Latest: 140 Yet Again Rejected

GBP/JPY has made a firm break below the 100 and 50DMA at 137.84 and 137.88 respectively with a test now at trendline support. In turn, bounces are likely to face its first hurdle at the 100 and 50DMA. On the downside, the Dec low sits at 136.77.

GBP/JPY Chart: Daily Time Frame

Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest

Source: IG Charts

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