Brexit

At a briefing at the British Prime Minister's residence, Downing Street, on 29 April a spokesman for Prime Minister Theresa May has confirmed that there will be a delay of the next session of Parliament. That session is normally launched by the Queen's Speech, which gives details of the...

GBP/USD continues recovering, mainly on USD weakness. US data and Brexit-related news are set to dominate. The technical picture remains bearish for the pair. GBP/USD is trading in the mid-1.2900s, extending its gains from the two-month lows of 1.2868 seen last week. The central driver is the...

GBP/USD is trading above 1.2900, recovering from the lows. The Brexit impasse continues and the US GDP is set to shine. The technical picture is decidedly bearish for the pair. GBP/USD recaptured the 1.2900 handle after hitting a two-month low of 1.2865 on Thursday. The central downward driver is...

GBP/USD is trading below 1.2900, extending its losses. Brexit uncertainty and USD strength dominate. The pair is within oversold conditions but a bounce may not be imminent.  ​​​​​​GBP/USD hit a low of 1.2878 at the time of writing, the lowest since mid-February. USD strength remains the...

  Members of the 1922 Committee of the Conservative Party have rejected calls to amend the rules so that the party can have a vote of confidence in the Prime Minister, Theresa May. Current party rules only allow for a challenge once every 12 months and a vote of confidence was held in...

A meeting of the influential 1922 Committee of Conservative backbench Members of Parliament (MPs) on 23 April that attempted to change party rules to allow a vote of confidence on the Prime Minister ended without a conclusive decision. Conservative backbenchers are said to be split on whether to...

GBP/USD is trading below 1.3000, flirting with 6-week lows. The focus remains on Brexit, amid plots to oust PM May. The technical picture is quite bearish for the pair. GBP/USD is trading around 1.2980, close to the lowest levels since March 11th. It traded in a narrow range in the long Easter...

  Prime Minister Theresa May has returned from her Easter break to find that hostile Conservative Members of Parliament (MPs) are stepping up their attempts to unseat her and elect a Brexiteer to the party leadership. Some party members are furious about May's handling of the Brexit...

GBP/USD is trading below 1.3000, flirting with 6-week lows. The focus remains on Brexit, amid plots to oust PM May. The technical picture is quite bearish for the pair. GBP/USD is trading around 1.2980, close to the lowest levels since March 11th. It traded in a narrow range in the long Easter...

GBP/USD struggles close to 1.3000 despite upbeat retail sales. The market mood and US retail sales are set to dominate trading. The technical picture is worsening for the pair, but uptrend support can help. GBP/USD is trading just above 1.3000, lower on the day. The thrill in markets is gone and...

GBP/USD is consolidating its losses on the lower ground amid Brexit concerns.  UK data remains robust, but Brexit continues dominating the scene. The pair continues trading below the potent downtrend resistance line. GBP/USD is trading in the lower half of the 1.3000s, pressured to the...

The European Commission and European Union (EU) member states, including the United Kingdom, have submitted a proposal to modify shipping's existing reporting mechanisms to enable the enforcement of the International Maritime Organization's (IMO) 2020 Sulfur Regulation. The proposal will...

GBP/USD trades around 1.3100 after the UK jobs report met expectations.  Internal Brexit talks continue as the EU shows exasperation from the topic. The technical picture is becoming bearish for the pair. GBP/USD is trading just under 1.3100 once again, sticking to familiar ranges. The...

GBP/USD is leaning lower within a limited trading range. Markets and MPs have a break from Brexit, amid speculation about what's next. The technical picture has worsened for the pair. GBP/USD is trading in the mid-1.3000s, similar to the levels seen on Thursday. Volatility has fallen and so...

The European Union (EU) has agreed a compromise deal to give the United Kingdom (U.K.) an extension to Article 50, the legal mechanism for withdrawing from the EU, up to October 31 with a review scheduled to happen at the union's regular summit, due in late June. After five hours of debate the...