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
GBP

UK PM Theresa failed to reach an agreement with the EU regarding the first phase of the Brexit negotiations as a result of a last-minute disagreement over the Irish border. Northern Ireland’s Democratic Unionist Party, upon which PM Theresa May is reliant to maintain her majority in Parliament, opposes the closure of borders between Northern Ire...

2017-12-06 Ashraf Laidi Read more
Sterling

Brexit Volatility Continues GBPUSD has started the week under heavy selling pressure, as the latest political developments have seen Therese May’s Brexit negotiations sabotaged by members of her own government. Last week, traders were responding positively to news that the UK government was prepared to pay around £55 billion under the terms of ...

2018-01-25 James Harte Read more
COT report_Sterling_ECB

EURUSD Non-Commercials increased their net long positions in the Euro last week buying 7k contracts to take the total position to 98k contracts. EUR upside positioning has now moved to multi-year highs as investors continue to expect the announcement of further QE tapering at the upcoming ECB meeting this month. Comments ahead of the meeting ...

2017-10-22 James Harte Read more
COT report_Sterling_ECB

EURUSD Non-Commercials increased their net long positions in the Euro last week, buying a further 3k contracts to take the total position to net long 91k contracts. This recent increase in traders’ upside exposure comes despite an escalation in political instability in the eurozone. The recent Catalonian referendum in Spain saw the region vot...

2017-10-19 James Harte Read more
COT report_Sterling_ECB

This data references the period ending Tuesday, September 5th. EURUSD Non-Commercials increased their net long positions in the Euro last week buying a further 9.8k contracts to take the total position to 96k contracts. This latest increase in buying strength came ahead of the ECB’s September meeting which was widely expected to see the ba...

2017-09-11 James Harte Read more
COT report_Sterling_ECB

EURUSD Non-Commercials increased their net long positions in the Euro last week buying 9k contracts to take the total position to 88k contracts. While slightly down from recent highs, the EUR long position is being rebuilt heading into September as investors continue to anticipate a more aggressive winding down of QE by the ECB, to be announced...

2017-08-28 James Harte Read more
BOE_GBPUSD_BOE_Sterling

Shift in Tone by BOE Comments by BOE Governor Mark Carney at last week’s Sintra panel saw strong Sterling demand kick in as markets reacted to the BOE’s perceived shift in sentiment. The BOE governor declared that the debate about raising rates before year end is now “live” among the MPC. The key takeaway from this event was the insight it give...

2017-07-26 James Harte 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
How to trade UK Elections

The big focus for the markets this week is the UK election. James Harte explains why this election is so important and gives you valuable tips on how you can trade the UK Election.

2017-07-26 James Harte Read more