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.

Free Trading Guides
Oil - US Crude
More View more
Real Time News
  • I wrote the gold technical forecast for this week. The Trump-Powell talk doesn't change the analysis: 'Gold Forecast Supports Measured Swings as Support Breaks Fail to Spark Trend' https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/11/15/Gold-Forecast-Supports-Measured-Swings-as-Support-Breaks-Fail-to-Spark-Trend.html
  • The Hong Kong Human Rights and Democracy Act is expected to be taken up for a vote in the Senate this week. The bill would require the State Department to certify once a year if Hong Kong should be allowed to keep special status under US Law.
  • RT @CVecchioFX: Similarly, when Greenspan was Fed Chairman, then-Pres Clinton also pressured him to not change policies. So, only differe…
  • RT @CVecchioFX: I was able to read Paul Volcker's memoir "Keeping at It" (https://t.co/TP4jgMHawR) last weekend. Interesting historical ane…
  • It's worth putting this Trump-Powell meeting in context. https://t.co/kJpOZ7yjMt
  • I doubt Powell intends to 'bend the knee' to steady rate cuts - much less negative rates. Nonetheless, market expectations of Fed cuts through 2020 growing ($DXY) https://t.co/JTCvBwt8hZ
  • Me in 2010 vs me now 💪 https://t.co/9m7l5K9H80
  • US Treasury Yields Update: 2-Year: 1.592% 3-Year: 1.593% 5-Year: 1.625% 7-Year: 1.723% 10-Year: 1.805% 30-Year: 2.288% $TNX
  • Trump says meeting with Chair Powell included topics including interest rates, negative rates, USD strength and the impact the USD has on manufacturing and trade with China and EU $EUR $DXY $SPX
  • @CVecchioFX aaaaand right on cue: https://t.co/lqJAm1W5lS
Market Wrap: Pound Volatility Stoked by BoE and Brexit Chatter

Market Wrap: Pound Volatility Stoked by BoE and Brexit Chatter

2017-06-23 15:55:00
Katie Pilbeam, Martin Essex, MSTA,

Daily FX analyst Martin Essex talks to us about this volatile week in which Sterling has been all over the place after the Bank of England’s chief economist Andy Haldane went from dove to hawk in contrast to Mark Carney who is keen to keep Britain’s interest rate stable in these times of uncertainty. His intervention is likely to heighten tensions between Haldane and Carney considering both are members of the MPC and seem to have different views on the best economic path for the UK.

The price of oil has also had a tough week with the oversupply issue dominating the direction on the chart. But as of Friday afternoon, the price has ticked higher on confidence the world’s largest producers will stick to output cuts.

In terms of next week Germany’s IFO business confidence report will be key as well as the GFK sentiment publication. Martin explains how this could impact both the indices and the forex market. European inflation is also on the agenda and a lower figure will take the heat off of the ECB as it continues its quantitative easing program.

And as Brexit negotiations continue Sterling will be at the mercy of any noise coming from the talks between Prime Minister Theresa May and EU policy makers.

See how IG clients are positioned in GBP/USD and Oil for next week's trade on the DailyFX Sentiment Page.

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


News & Analysis at your fingertips.