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The EU is treating the UK like Greece – 5 worrying similarities

Five months after the UK officially triggered Article 50 to leave the EU, the Brexit negotiations are currently in their third round and not going anywhere fast. The negotiations have worrying similarities to those with Greece. It did not end quite well over there.  Here are five similarities. It could get much worse from here: […]

The post The EU is treating the UK like Greece – 5 worrying similarities appeared first on Forex Crunch.

Everything you need to know for September – MM #157

The summer lull is about to end and Jackson Hole provides a hint for things to come. The calendar is packed with known events and a lot of known unknown events, such as the nomination of a new Fed Chair. We preview all the big events you need to know about. You are welcome to […]

The post Everything you need to know for September – MM #157 appeared first on Forex Crunch.

GBP/USD is trading at the lowest since June

The pound was one of the weaker currencies in recent weeks and when the opportunity comes, it falls over. This opportunity is the stronger dollar. The wind is now sailing in favor of the greenback. For the euro, this means a swing lower within the range. For the pound, it means dropping to lower ground. […]

The post GBP/USD is trading at the lowest since June appeared first on Forex Crunch.

Pound under pressure on Brexit, consumption worries

A new week has dawned and it does not look that great for the pound. Prime Minister Theresa May is facing a small revolt within her Conservative Party and she wants to discuss Brexit with the opposition. It will be interesting to see if the Labour Party will cooperate and what suggestions they bring to […]

The post Pound under pressure on Brexit, consumption worries appeared first on Forex Crunch.

GBP/USD: High uncertainty amid the Brexit Anniversary

One year after Britain voted to leave the European Union, GBP/USD is still lower. What’s next amid this uncertainty? Here is their view, courtesy of eFXnews: GBP: Maximum Uncertainty To Bite N-Term But Staying Bullish M-Term – Barclays Barclays Capital FX Strategy Research is bearish on GBP in the near-term but remains bullish in the […]

The post GBP/USD: High uncertainty amid the Brexit Anniversary appeared first on Forex Crunch.

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