FX Brief Relief for pound
A summary of news and snapshot of moves ahead of the US session.
Share this:
- At the start of the US session, the EUR is the weakest, while the AUD is strongest. The EUR/USD, which is in the process of creating a potential head and shoulders pattern, faces a big couple of weeks with the release of Eurozone PMIs and ECB rate decision next week and the Fed on the last day of the month.
- GBP has found some much-needed support on the back of retail sales beat (+1.0% m/m vs. -0.3% expected) and after the House of Lords backed an amendment designed to block the next Prime Minister from pushing through a no-deal Brexit by suspending parliament. This comes after Brexit Secretary Steve Barclay said the chances of a no-deal Brexit are under-priced, while Tory front-runner Boris Johnson warned that a free trade deal with UK’s closest ally – the US – will take time.
- Stocks will be in focus amid earnings results after disappointment from NFLX sent major indices lower Thursday; Bitcoin and crude oil are heading lower again, while silver is shining brightly.
- At the start of the US session, the EUR is the weakest, while the AUD is strongest. The EUR/USD, which is in the process of creating a potential head and shoulders pattern, faces a big couple of weeks with the release of Eurozone PMIs and ECB rate decision next week and the Fed on the last day of the month.
- GBP has found some much-needed support on the back of retail sales beat (+1.0% m/m vs. -0.3% expected) and after the House of Lords backed an amendment designed to block the next Prime Minister from pushing through a no-deal Brexit by suspending parliament. This comes after Brexit Secretary Steve Barclay said the chances of a no-deal Brexit are under-priced, while Tory front-runner Boris Johnson warned that a free trade deal with UK’s closest ally – the US – will take time.
- Bitcoin and crude oil are heading lower again, while silver is shining brightly.
Related tags:
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
USD/JPY outlook: Hawkish Fed recalibration pressures the yen
Stronger US growth momentum and rising Treasury yields are keeping USD/JPY pointed higher, even as Japanese policymakers try to limit the pressure building across domestic markets.
USD/MXN Forecast: Peso Loses Momentum Ahead of Banxico Decision
Over recent trading sessions, the Mexican peso has started to show signs of losing strength against the U.S. dollar. This can be seen in the performance of USD/MXN, which has gained more than 1.7% over the last three sessions, highlighting the dollar's renewed strength against the peso.
Euro Short-term Outlook: EUR/USD Selloff Nears Critical Yearly Support 9 23 2026
Euro has fallen seven of the past nine sessions, with stretched momentum raising the stakes as EUR/USD closes in on a major inflection zone.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.