GBP/USD await fresh clues to extend the previous day’s recovery. The post-Brexit drama between the UK and the EU continues, the Irish election is the additional ones to watch. The UK data dump, Carney’s speech and Fed Chair Powell’s Testimony will be the key while […]

    GBP/USD fell 0.50% to $1.2994, but had been as low as $1.2961 after data showed unexpected weakness in U.K. industrial production and GDP data in November. The data followed remarks by Bank of England monetary policy member Gertjan Vlieghe Vlieghe, who said he […]

British politics will remain in focus as Prime Minister Johnson is pushing for a general election on 12 December. Mr Johnson will need the support of two thirds of MPs in order to get approval for the move. He is unlikely to get the support […]

    Banks across Europe earn hundreds of millions of euros a year from overcharging small corporate customers for foreign exchange services, according to a new paper from the European Central Bank. The new research is the first data-driven study of the traditionally opaque world […]

Preparing for Brexit     Despite the considerable uncertainty surrounding what happens after 29 March, there is still much that companies can do to prepare, as Promar International’s divisional director John Giles explains Even at this relatively late stage, it is still not totally clear […]

Cable is constrained by the 1.31 technical handle in early consolidation as traders look for a breakout. A rising trendline from near-term lows coincides with a rising 200-hour EMA from 1.3070 providing support, while resistance sits at the week’s peak of 1.3130. Medium-term, the US […]

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. This is a very busy week for the foreign-exchange market and while we’re off to a slow start, trading ranges will widen and volatility will increase as the week progresses. Meanwhile the U.S. […]

• Labour’s set to vote against PM May’s Chequers Brexit deal. • Potential leadership challenge adds to the additional pressure. • Traders now eye the US monthly retails for some fresh impetus. The GBP/USD pair retreated sharply from six-week tops and weakened back below the […]