Brexit

UK Services PMI entered contraction territory for the first time since 2016. It implies Brexit is already biting the real economy.  GBP/USD is focused on Brexit headlines rather than the economy, but this could hurt. Markit's forward-looking Services Purchasing Managers' Index for...

GBP/USD is trading on high ground on two efforts to prevent a hard Brexit. Brexit headlines dominate but will make some way to critical US data. The technical picture has markedly improved for GBP/USD. GBP/USD is trading close to 1.3200, significantly higher. It's nine days to the delayed...

GBP/USD is reeling from yet another failed round of Brexit votes. The ball is now in the hands of the cabinet, 10 days to go. The technical picture is decidedly bearish for cable. GBP/USD is on the back foot, trading closer to 1.3000. In the second round of indicative votes, the UK Parliament...

Markit's Services PMI will provide a snapshot of how businesses are feeling about Brexit.  Data usually has a short-lived effect when Brexit is left, right, and center. GBP/USD may drop if the data disappoint. ​​​​​Markit releases its Purchasing Managers' Indicator for the Services...

British Members of Parliament (MPs) have agreed to vote on four alternative proposals for withdrawing from the European Union (EU). Voting on these proposals is due to begin at 8:00 p.m. local time, with results expected around two hours later. Two of the motions under debate include a customs...

Friday’s enthusiasm looks like it might spill over into the new week as the focus remains squarely on China. A surprisingly healthy reading from China’s manufacturing sector early Monday was the first positive data out of that country in a while. While this could be a sign that Beijing...

EUR/USD kicked off the week with a move to the upside.  Euro-zone inflation and two top-tier US figures dominate. The technical picture looks bearish for the pair. EUR/USD began the week off the lows, escaping from the abyss of 1.1200. The world's most-popular currency pair holds onto...

GBP-USD is moving up, getting bouncing back on a better market mood. Parliament´s second round of indicative votes is eyed later on. The technical picture is bearish for the pair. GBP/USD is trading around 1.3100, bouncing from the sub-1.3000 lows recorded on Friday. The rise can be...

Britain's Parliament has voted to reject Prime Minister Theresa May's Withdrawal Agreement for the third time, voting 344 to 286, apparently ending what has been a bitter political battle. May had split her withdrawal deal into two parts, with the Political Declaration withdrawn from the...

United Kingdom Prime Minister Theresa May's third attempt to pass a deal to leave the European Union was shot down in Parliament by a vote of 344-286 Friday, according to the BBC.  What Happened  Friday was the date the UK was initially supposed to leave the European Union in a...

The United Kingdom's Prime Minister Theresa May is making a concerted effort to get her divided party and other supporters behind her Brexit withdrawal proposal, which she intends to bring back to the House of Commons for a third vote on Friday, 29 March. Following another dramatic day in the...

GBP/USD is trading in the lower end of the recent range as the Brexit impasse continues.  The government and Parliament will try to find a way forward, 15 days to Brexit. The technical picture is worsening for cable. GBP/USD is trading below 1.3150, at the bottom end of the recent range: 1....

Britain's Parliament will begin the process of establishing what type of Brexit it would like to see by debating and voting today on 16 proposals put forward by Members of Parliament (MPs). On 25 March MPs voted to seize control of the Brexit process, handing Prime Minister Theresa May's...

British Prime Minister Theresa May told members of her Conservative Party that she will step down ahead of a second phase of talks on how the country will exit the European Union — the troubled process known as Brexit. Conservative Party members of Parliament told Reuters and other media...