Brexit

The British pound traded at a multiyear low Tuesday as the new government led by Prime Minister Boris Johnson appears keen on exiting the European Union with or without a deal on the table. What Happened Johnson's government is now "working on the assumption" that Brexit will...

GBP/USD has been extending its massive sell-off, falling to 29-month lows. Boris Johnson's refusal to meet his European peers is weighing heavily. Tuesday's daily chart is pointing to oversold conditions, implying a bounce. When it rains, it pours – GBP/USD has lost over 250 pips in...

EUR/USD has been ticking higher as attention moves away from Europe. German inflation and the Fed decision are eyed for action. Tuesday's four-hour chart is showing an improving environment for the bulls. When Europe is out of the news – EUR/USD rises – and not for the first time...

GBP/USD has been extending its falls to new two-year lows.  The new British government is ramping up its preparations for a no-deal Brexit. Monday's technical chart is indicating a bounce amid oversold conditions. "No deal is a very real prospect," said Michael Gove, a senior...

Persistent fears of a no-deal Brexit continue to cap any attempted up-move. The prevalent USD bullish sentiment further adds to the bearish pressure. Traders look forward to the US Q2 GDP print for some meaningful impetus. The GBP/USD pair built on the previous session's rebound from weekly...

GBP/USD has been unimpressed by Boris Johnson's initial moves as PM. Johnson's speech in parliament and US data are set to move the currency pair. Thursday's technical chart implies an upcoming break out of range. Boris Johnson has already shocked the political system with his first...

Boris Johnson, Member of Parliament representing Uxbridge and South Ruislip, has been elected as the new Conservative Party leader after winning comfortably by a margin of 45,497 votes against rival Jeremy Hunt. As a result, Johnson will now be taking the reins of the U.K. as its prime minister and...

Investors watching the Dow Jones Industrial Average ($DJI) might get a skewed picture today, as the $DJI could come under more pressure than other indices due to pressure from some of its main components. Weak earnings from Caterpillar Inc (NYSE: CAT) and Boeing Co (NYSE: BA)—along with...

The majority of British voters chose to leave the European Union on June 23, 2016.  The divorce before the United Kingdom and EU hasn't been finalized; what progress has been made in three years? What Happened The word "Brexit" is the merging of “Britain” and "...

Persistent Brexit-related uncertainties continue to weigh on the British Pound. Dovish comments by BoE’s Saunders further dented the already weaker sentiment. Tuesday’s key focus will remain on the outcome of the Tory leadership contest. The GBP/USD pair remained depressed for the...

After a long Conservative Party leadership contest, former Foreign Minister Boris Johnson is the new leader and will officially become the next prime minister of the United Kingdom. The vote came after Theresa May announced she would resign following repeated parliamentary rejections of her Brexit...

The UK political developments add to the Brexit-related uncertainty and weighed on the GBP. Tempered Fed rate cut expectations underpinned the USD and exert some additional pressure. The GBP/USD pair failed to capitalize on an intraday uptick beyond the key 1.2500 psychological mark and met with...

GBP/USD bounces off the sub-1.2400 area. Sterling rallied as ‘no deal’ option lost some traction. Boris Johnson still leads the run-up to be Prime Minister. The British Pound rallied on Thursday, managing at the same time to leave behind fresh lows in sub-1.2400 levels, after the...

Today’s session starts with banks and ends with a FAANG. Bank of America Corp (NYSE: BAC) and several other banking firms highlight the earnings picture this morning, while anticipation builds ahead of Netflix Inc. (NASDAQ: NFLX) results after the close. Remember that for NFLX, the first FAANG...

EUR/USD keeps the bid tone in the 1.1270/80 band. The 21-day SMA at 1.1285 challenges bulls’ aspirations Trade, ECB easing, Fed’s rate cut seen ruling the sentiment. EUR/USD is extending the up move for yet another session on Monday, although the 1.1280/85 band has emerged as a tough...