Brexit and the Forex Market

This is the year that we should see how Britain’s future relationship with the European Union pans out. Brexit is undoubtedly one of the most significant political events for the UK over the last few decades, and its impact on the Forex and global markets will last for a long time. So, regarding Brexit and the Forex Market – what could happen? ...

2018-04-24 Orbex Read more
British flag

I have been monitoring the GBPUSD pair for quite some time now. It seems like the level it is sitting on right now is a major resistance level from the beginning of August. Today, we have seen quite a bullish day so far. The price is located at the major level at the moment. What are the chances for a reversal? Let’s look deeper. Below if the ...

2017-09-12 Colibri Trader Read more
Pound Sterling_Uk Election_0906

Another Political Surprise Markets were once again caught out by a key political event as the UK elections have resulted in a hung parliament with none of the main parties gaining an outright majority. The official exit poll released shortly after 10 pm local time yesterday suggested the outcome, leading to heavy selling of GBP, and was later p...

2017-07-26 James Harte Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, May 30th EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 8k contracts to take the total position to 73k contracts. Market expectations for further tapering announcements continue to build ahead of the upcoming June ECB meeting, which is this we...

2017-07-26 James Harte Read more
UK Elections_Polls_0506

Image via European Parliament Terror Attacks Overshadow Polling Results The sad news of yet another terrorist attack in the UK over the weekend was clearly the major focus for UK traders. However, the latest polls published over the weekend, which was the final weekend ahead of the elections, proved to be extremely interesting. The Conservat...

2017-07-26 James Harte Read more
Theresa May_Brexit_UK_3105

Theresa May, British Prime Minister Political Events Driving FX Markets Over the last 12 months, markets have been increasingly driven by political events. Just under 12 months on from the Brexit referendum which rocked markets last year, we have seen several key events such as the US Presidential elections and more recently the Austrian, Du...

2017-07-26 James Harte Read more
Manchester_Indices_2305

After the sad events that occurred overnight in the UK – Manchester, we have noticed some negative impact on the markets, including Asian equities, European equities, and currencies. However, such impact was short-lived and most of the markets have recovered its initial declines, supported by economic releases. Asian Equities Declines Desp...

2017-07-26 Nour Eldeen Al-Hammoury Read more
BOE GBP

After a week with the lack of fundamentals across the board, this week comes with many economic releases and events, which likely to spark the level of volatility once again. During the European session ahead, all eyes will be on the UK as we wait for inflation figures, which likely to have a notable impact on the market and GBP pairs. Expec...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Mark Carney_BOE_Sterling_1205

Image via Bank of England Summary: BoE keeps interest rates unchanged at 0.25%, with a 7 -1 vote BoE keeps asset purchases steady at £435 billion Inflation expected to overshoot BoE’s inflation target well into 2018 2017 inflation forecast at 2.7%; GDP growth expected at 1.7% The Bank of England's monetary policy meeting yest...

2017-07-26 John Benjamin Read more
BoE_Sterling_GBP

Earlier this morning, there were some economic figures from the UK, which came in with another disappointment, showing a clear sign of slowing down and increasing the risk of Brexit fears. Such figures continue to prove that the Bank of England is still far away from changing its easy policy anytime soon. In fact, the risk is rising toward furt...

2017-07-26 Nour Eldeen Al-Hammoury Read more