flag-gb flag-my flag-zh flag-id flag-th flag-vi

After Brexit news, British pound rose by 1%

On Thursday, the trading session in the global equities is of somewhat restrained nature and it is quite explainable due to day-off in the United States. Yesterday, the American markets tried to regain the losses of the previous days, however, shortly before the Wednesday session end, the markets lost almost all the gain, as DOW moved to the negative zone. Today, the focus of the traders has shifted to Europe and in particular to the data on the European-British agreement.

Today the news broke that the sides reached Brexit deal in principle, as it was announced that UK and the EU declare their intention to develop a flexible and ambitious partnership. The GBP reaction was sharp and positive as on the background of this news, pound received a good  growth impulse. On Forex, GBP / USD gained to 1.2925 level, which amounted to almost a percentage of growth. However, at the end of the Asian trading session, GBP / USD was trading just around 1.2775. Other currency instruments are traded without significant changes on thin market. Just to note the gold market which is trying to gain a foothold above $ 1225, having consolidated above this level yesterday on the weakening of the American dollar.

Yesterday USD dollar got under the  pressure from statistical background. Weak data on orders for durable goods triggered sales of US currency before the long weekend, as the figure for the month fell by 4.4%, as well as mixed statistics on applications for jobless claims spawned talk about possible changes in monetary policy in the US in 2019 . Some  FOMC representatives have already expressed doubts on rate hike in December. Therefore, the dollar went for the weekend with a moderately negative background. As for today news background we will focus on the ECB minutes and ECB representative Mersch comments.

Latest news

8,88% Ultimate Cashback

2019-09-02 13:56:46

FortFS brings back the Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically. The promotion is available on FORT and FLEX accounts. […]

Reduced spreads are available until September 30!

2019-07-30 09:15:29

Dear traders and partners, FortFS extends deadlines for the reduced spreads! From July 19 to September 30, 2019, spreads for the 4 most popular currency pairs are: EURUSDf: 0.8 GBPUSDf: 0.9             USDJPYf: 1.0             XAUUSDf: 3.5