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.

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
More View more
Real Time News
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.43% 🇯🇵JPY: 0.40% 🇦🇺AUD: 0.26% 🇨🇭CHF: 0.20% 🇪🇺EUR: 0.04% 🇬🇧GBP: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/n3FcbuVcA2
  • USD/JPY gives back the advance from the start of the week amid the recent weakness in longer-dated US Treasury yields. Get your $USDJPY market update from @DavidJSong here:https://t.co/MATXnuFhaS https://t.co/GEZXU08vy3
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.16% France 40: 0.05% Germany 30: 0.03% US 500: 0.00% Wall Street: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hFqNoqtboO
  • it never ends :s https://t.co/kHS7Smk398
  • RT @JakeSherman: 🚨🚨 Manchin a no on billionaire tax! After Sinema was a no on raising marginal and corporate rates.
  • RT @DeItaone: NRF SAYS EXPECTS RETAILERS WILL HIRE BETWEEN 500,000 AND 665,000 SEASONAL WORKERS
  • BoC's Macklem - There is likely less excess supply in the economy than we thought there would be - Evidence suggests higher prices are not becoming embedded in expectations of ongoing inflation - reasonable tp expect reinvestment phase last until at least we raise rates $CAD
  • The @bankofcanada decided to hold rates constant at 0.25% which is in line with market expectations. Get your market update from @WVenketas here:https://t.co/nl1xnTe4hG https://t.co/IcDPRZOhRh
  • Libya's NOC has major leak in Es Sider Pipeline, requiring 7-10 day shutdown for maintenance - NOC Media Office
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.42% 🇯🇵JPY: 0.38% 🇨🇭CHF: 0.24% 🇦🇺AUD: 0.08% 🇳🇿NZD: -0.01% 🇬🇧GBP: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/y4jjMS9cR8
British Pound Forecast Hinges on the Crowd’s Next Move

British Pound Forecast Hinges on the Crowd’s Next Move

David Rodriguez, Head of Product
British Pound Forecast Hinges on the Crowd’s Next Move

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

GBPUSD: Retail trader data shows 50.1% of traders are net-long with the ratio of traders long to short at 1.01 to 1. The number of traders net-long is 5.3% lower than yesterday and 1.6% higher from last week, while the number of traders net-short is 11.4% higher than yesterday and 0.8% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.

See next article in this week’s report:USDJPY - US Dollar Likely to Fall even Further versus Japanese Yen

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

DISCLOSURES