UK

EUR/USD struggles to recover after tumbling down on Monday.  Optimism on the government shutdown and trade may help. The triple-bottom is critical to the pair's next move. EUR/USD is trading below 1.1300, unable to recover from Monday's fall. The pair dropped on growing yield...

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...

The GBP/USD is trading little changed on the downside at around 1.2930 as the currency pair is trapped in a corrective move lower ahead of the UK Prime Minister Theresa May meeting Irish counterpart in Dublin. Meeting with the European Union officials saw only unconvincing headlines on talks being...

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...

British Transport Minister Chris Grayling says he hopes the United Kingdom will be a leading country in smart technology by 2050 as a result of the British Government's Maritime 2050 initiative. The joint policy document Maritime 2050, a partnership between the British Government and the...

EUR/USD continues its downward drift, getting comfortable below 1.1400. Data missed on both sides of the Atlantic, but Europe looks worse. The technical picture points to oversold conditions. EUR/USD is trading below 1.1400, extending its losses in a gradual downward drift. The latest hit to the...

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...