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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇯🇵 BoJ Gov Kuroda Speech due at 06:17 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-14
  • Wall Street Futures Update: Dow Jones (-0.003%) S&P 500 (+0.073%) Nasdaq 100 (+0.021%) [delayed] -BBG
  • (Sentiment Weekly) Japanese Yen, Swiss Franc Analysis: USD/JPY, USD/CHF May Fall as Long Bets Rise #Yen #Franc $USDJPY $USDCHF https://www.dailyfx.com/forex/technical/article/special_report/2021/04/14/Japanese-Yen-Swiss-Franc-Analysis-USDJPY-USDCHF-May-Fall-as-Long-Bets-Rise.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/6EXLAB614y
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:https://t.co/Y1d4DXeKEE https://t.co/JmGCbxkfWp
  • Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields https://www.dailyfx.com/forex/market_alert/2021/04/14/Gold-Prices-Probe-Barrier-as-Inflation-Data-Sinks-the-USD-and-Yields-.html https://t.co/bdNaQQsMqu
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:https://t.co/SwufKMOwfQ https://t.co/R2XfXKiRT5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.65%, while traders in France 40 are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gxv7FwyhsM
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.50% 🇦🇺AUD: 0.26% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.11% 🇪🇺EUR: 0.10% 🇨🇦CAD: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hQBjkAnaA1
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.35% Germany 30: 0.04% US 500: 0.00% FTSE 100: -0.06% Wall Street: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VrybX61UEU
  • British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb - https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2021/04/14/British-Pound-Price-Outlook-GBPUSD-GBPJPY-Poised-to-Extend-Climb.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $GBP $GBPUSD $GBPJPY https://t.co/rDOIqMJQfk
British Pound (GBP) Latest: GBP/USD Rallying, Sterling Strong All-Round

British Pound (GBP) Latest: GBP/USD Rallying, Sterling Strong All-Round

Martin Essex, MSTA, Analyst

GBP price, news and analysis:

  • GBP is looking strong all round after Andrew Bailey, Governor of the Bank of England, warned Monday of the possibility of rising inflation as the UK recovers from the economic damage caused by the coronavirus pandemic.
  • Even though he added that the BoE would not raise interest rates until clear evidence emerged that inflation would be sustainable at the 2% target level, his comments will likely keep the Pound on an upward track for some time yet.
Advertisement

GBP/USD strength may persist

GBP is looking firm all round Tuesday, holding its ground against USD and gaining against its major competitors, and that advance could well continue after Monday’s warning from Bank of England Governor Andrew Bailey of rising UK inflation, although he added that this would not necessarily persuade the BoE to increase UK interest rates.

Even against a broadly higher USD, GBP looks like recovering after the losses recorded by GBP/USD over the past two weeks.

GBP/USD Price Chart, One-Hour Timeframe (February 23 – March 9, 2021)

Latest GBP/USD price chart.

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

Starts in:
Live now:
Apr 20
( 09:04 GMT )
Recommended by Martin Essex, MSTA
Trading Sentiment
Register for webinar
Join now
Webinar has ended

Sterling’s underlying strength, however, is more obvious against currencies like the Euro, with EUR/GBP still in the deep downtrend that began late last year.

Latest EUR/GBP price chart.

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

Note that while USD is currently the currency of choice thanks to increasing US Treasury yields, UK government bond yields have also risen sharply, with the yield on the 10-year Gilt up from 0.156% in early January to the current 0.741%.

GBP/USD Mixed
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -7% 1% -4%
Weekly 16% -11% 4%
What does it mean for price action?
Get My Guide

Like to know how to trade Forex news? We have an introduction here

--- 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