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
  • 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: https://t.co/rfwUWJfbz9 https://t.co/eEZBN4XkZH
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/IWJpr6mWP0
  • 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: https://t.co/Xr3xtoFpZy https://t.co/NIdzQkSA9f
  • 🇫🇷 Consumer Confidence (SEP) Actual: 102 Expected: 100 Previous: 99 https://www.dailyfx.com/economic-calendar#2021-09-28
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/stdtgSQU9M
  • Heads Up:🇫🇷 Consumer Confidence (SEP) due at 06:45 GMT (15min) Expected: 100 Previous: 99 https://www.dailyfx.com/economic-calendar#2021-09-28
  • 🇩🇪 GfK Consumer Confidence (OCT) Actual: 0.3 Expected: -1.6 Previous: -1.1 https://www.dailyfx.com/economic-calendar#2021-09-28
  • Heads Up:🇩🇪 GfK Consumer Confidence (OCT) due at 06:00 GMT (15min) Expected: -1.6 Previous: -1.2 https://www.dailyfx.com/economic-calendar#2021-09-28
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/7G6h7JPMeq
  • US #NaturalGas futures (Henry Hub) shoot past 6USD during Tuesday's Asia-Pacific trading session (though prices have trimmed most gains), nearing the 2014 high Prices have climbed over 37% since September 23rd https://t.co/DuzWPdN1kA
DailyFX European Market Wrap: BOE Drives FTSE Higher, GBP Lower

DailyFX European Market Wrap: BOE Drives FTSE Higher, GBP Lower

Sara Walker,

The Bank of England has sharply raised its UK growth forecast to 2% from the 1.4% forecast in November. That sent the pound lower and FTSE higher.

Governor Mark Carney said “Growth has remained resilient since the referendum... The monetary policy committee expects growth to be stronger over the forecast period than in November,” but added that we are just at the beginning of a long Brexit journey which will have twists and turns along the way. The central bank also changed its inflation forecast to 2% this quarter, 2.7% in 2018 and 2.6% in 2019.

The pound had earlier hit a 7-week high against the dollar before falling back below $1.26. DailyFX Currency Strategist James Stanley will be looking at various GBP-pairs to see where these new themes might be most advantageously followed. You can see join the webinar here.

In Europe, Deutsche Bank is keeping Germany lower after reporting a second full-year net loss. Earnings were marred by mixture of litigation and restructuring costs. Shares dropped as much as 7% at one stage.

In the telecom sector, price pressures in the UK and India knocked Vodafone sales, and subsequently their shares which fell more than 2 percent at the start of trade. Vodafone says it expects to meet the lower end of its underlying earnings forecast of 3-6%.

Healthcare also in focus after AstraZeneca and Novo Nordrisk lowered 2017 forecasts.

--- Written by Sara Walker, DailyFX

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

DISCLOSURES