Brexit

Good day, In the U.K. there has been palpable fear going around in the logistics circles at the thought of a no-deal Brexit, a possibility that seems to be inching closer with every passing day. In that context, a British retail expert pointed out the odds of an "explosion" in goods sold in the...

The U.K. is preparing for the possibility of a no-deal Brexit, and it should be "the top priority" for civil servants, Prime Minister Boris Johnson informed them in a letter, according to the BBC. US Backs Brexit  Rebel MPs could try to make a move to stop a no-deal Brexit...

GBP/USD is struggling around 1.2100 after a dismal GDP report. Concerns over Brexit and trade are likely to set the tone for the day. Friday's four-hour chart is pointing to additional falls. Blame it Brexit or call it temporary – the UK has squeezed for the first time since 2012 and an...

Good day, As the U.S. turns the screws on China with its recent announcement to levy a 10-percent tariff on $300 billion more of Chinese exports, the European Union is clueless about the damage this could cause to its economy. Latest among the U.S. accusations is that China is a currency...

GBP/USD has been trading in a narrow range amid a calmer market mood. The ongoing Brexit impasse is weighing on the pound. Thursday's technical chart is showing the pair holds onto the uptrend channel. Can cable traders finally enjoy the summer or is this the calm before the next storm? Trade...

EUR/USD is trading around 1.1200 amid a calmer market mood. Trade tensions and political developments in Italy are eyed. Thursday's technical chart is showing a narrowing wedge. Markets have finally found some calm in this vacation month of August – but it may be only temporary. The...

Much has been said about the ordeal of a no-deal Brexit, a situation that is all the more likely with Brexit-campaign architect Boris Johnson at the helm of the United Kingdom. Britain's Food and Drink Federation (FDF) on August 7 warned the country that an unprepared divorce from Europe would lead...

Good day, Britain faces shortages of fresh food and price increases in the event of disorderly exit from the European Union (EU), a food and beverage industry group warned. "We're not going to starve but there will be shortages of fresh food and some specialist ingredients. It's going to be a...

GBP/USD has been trading in a narrower range as markets are somewhat calmer. Tensions between the UK and the EU have intensified around Brexit. Wednesday's four-hour chart is showing GBP/USD is trading within an uptrend channel. "The EU must appreciate that we are leaving on October 31st...

GBP/USD has been recovering amid trade-related USD weakness. The chances of a no-deal Brexit are rising and may weigh on the pound.  Tuesday's four-hour chart is mixed. The pound is recovering – but mostly against the US dollar – and this may be unsustainable. The US-Sino...

GBP/USD has been falling amid speculation of new elections. Fears of a hard Brexit and the intensifying trade war are set to weigh. Monday's technical picture looks favorable for sellers. UK PM Boris Johnson said he only wants to fulfill a campaign promise – but political analysts have...

Britain’s new Prime Minister Boris Johnson is standing by his promise that the U.K. must leave the European Union by Oct. 31 — with or without a deal in place. Capital Economics' chief markets economist John Higgins said much has been made of sterling’s...

GBP/USD has hit a fresh two-year low after the Fed's hawkish decision. The Bank of England's rate decision and preparations for a hard Brexit are set to dominate trading today. Thursday's four-hour chart suggests mild oversold conditions. A dead-cat bounce tends to be followed by a...

GBP/USD has been stabilizing after suffering significant falls earlier. Fears of a hard Brexit and the Fed decision are eyed. Wednesday's technical chart is mixed for GBP/USD. Sterling has found some stability – but Boris Johnson's blame game may send it lower. The PM – hardly...