Brexit

The UK Prime Minister’s spokesman said on Monday that there will be no meaningful vote on Brexit deal this week indicating persisting uncertainty to weigh on Sterling further. The Bank of England Governor Mark Carney is due to speak about the economic outlook and global trade tensions, in...

The UK Prime Minister Theresa May rejected opposition’s appeal to UK-wide customs union making any Brexit deal passing the parliament harder. The UK fourth-quarter GDP decelerated to 0.2% Q/Q after 0.6% in the three months to September period. The UK manufacturing output fell -0.7% in...

EUR/USD remains pressured in a low range in the wake of the new week. Negotiations around trade, the government shutdown, and Brexit are stuck. The four-hour chart shows oversold conditions which may limit the falls. EUR/USD is trading around in the lower 1.1300s, unable to stage a recovery after...

UBS Group (NYSE: UBS) has received a clear signal from the London court to move assets worth up to €32 billion, approximately $36.5 billion, from Britain to Germany on March 1, in order to continue operating in the European Union post-Brexit. The move is expected to result in transfer of...

EUR/USD extends its gradual decline on a growing fundamental divergence. Updated EU Forecasts are in the limelight, and also US jobless claims are of interest. The four-hour chart shows oversold conditions, implying a bounce. Euro dollar is trading close to 1.1350, in a slow yet persistent grind...

The GBP/USD is trading little changed on the downside at around 1.2900 as the currency pair is trapped in a corrective move lower ahead of the UK Prime Minister May meeting European Commission President Juncker on Thursday. The European Commission President Juncker said that "We cannot...

The GBP/USD is trading little changed on the upside at around 1.2960 as the currency pair is trapped in a corrective move lower ahead of the UK Prime Minister May meeting European Commission President Juncker on Thursday. The UK Prime Minister Theresa May set herself a deadline for February 13 to...

The GBP/USD is trading little changed on the downside around 1.3020 as the currency pair is trapped in a corrective mode lower amid Brexit uncertainty. The UK junior coalition DUP leader Foster said she raised opposition to the backstop repeatedly with Prime Minister Theresa May. The UK services...

The GBP/USD is trading below 1.3100 after strong US employment report last Friday. The UK construction PMI is expected to decelerate slightly in January to 52.6. Nissan said it canceled its plans to build the SUV plant in Sunderland as Brexit clouds prospects for smooth trading relations with the...

GBP/USD is consolidating around 1.31 amid growing Brexit uncertainty. Tension towards the US NFP limits volatility which could erupt later on. The chart shows that cable is trading in a narrowing wedge. ​​​​​​GBP/USD is trading around 1.3100, confined to a narrow range. Such limited movements are...