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
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • Scoping out next week for trading the market, there are a range of high profile influences including September PMIs, Evergrande and a range of central bank decisions. Top listing on my docket is the #FOMC with my scenarios below. Full analysis:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • 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:
British Pound (GBP) Latest: GBP/USD Falling After UK Unemployment Data

British Pound (GBP) Latest: GBP/USD Falling After UK Unemployment Data

Martin Essex, MSTA, Analyst

GBP price, news and analysis:

  • The UK unemployment rate rose to its highest level since 2016 in November and that has contributed to weakness in GBP/USD even though, at 5.0%, it was marginally better than expected.
  • The pair is also under pressure from a firmer US Dollar as concerns rise that the proposed $1.9 trillion US stimulus package may be watered down.

GBP/USD under pressure after UK unemployment data

GBP/USD is sliding in early European business Tuesday after the release of data showing the UK unemployment rate at its highest level since 2016 in November. However, the numbers are not likely to damage the pair longer term as they were marginally better than expected and are, anyway, historic.

UK unemployment figures.

Source: DailyFX

Arguably of more importance to the outlook for GBP/USD is a firmer US Dollar on concerns that the proposed $1.9 trillion US pandemic relief plan is facing strong opposition from some Republicans who think it is too large. That has damaged sentiment in the markets and led to a move into safe havens such as USD. More Covid-19 lockdowns are not helping confidence either.

GBP/USD Price Chart, Two-Hour Timeframe (January 4, 2021 – January 26, 2021)

Latest GBP/USD price chart.

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

Nonetheless, GBP/USD has trendline support at 1.36 and a bounce at that level would be no surprise as the pair’s upward trajectory remains in place.

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.