Brexit trading opportunities

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Trading the Brexit Top 10
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Top 10 Markets
Brexit Top Mover

Trading the Brexit Top 10

This is your go-to hub for Brexit related news, insights and analysis. Watch 10 markets that are particularly sensitive to developments in Britain's divorce from the EU. Sign up for our free volatility alerts and webinars, and get regular updates from our team of market analysts.

Forex DFT
Indices DFT
Shares DFT

Market	Sell	Buy	Spread

GBP USD
GBP/JPY
EUR USD
EUR GBP

Last Updated:

Market	Sell	Buy	Spread

UK 100
Germany 30

Last Updated:

Market	Sell	Buy

Lloyds Banking Group
Barclays UK
Tesco
Barratt Developments

Last Updated:

Daily Brexit update: Sterling up, but unlikely to get away
Wednesday 20, 2019

GBP/USD

The pound’s almost physical link with Britain’s economy and sensitivity to politics makes sterling the principal arena in which sentiment on Brexit plays out. Since sterling is most liquid traded against the dollar, anything happening in the pound tends to happen to GBP/USD first and most clearly.

GBP/JPY

The volatile yen often means the pound’s moves within GBP/JPY are bigger and faster than against any other major currency. The yen’s safe-haven characteristics can also make GBP/JPY a useful gauge of the depth of sentiment for or against sterling.

EUR/USD

The single currency’s most-liquid pair is against the dollar. Naturally, that means EUR/USD is often prone to influences from outside of the Eurozone and the UK. However, the UK’s relationship with Europe also plays an unmistakeable part in steering EUR/USD.

EUR/GBP

This is a vital part of the sterling/euro complex, with traders often recycling strategies through all major markets of the euro and pound. Additionally, as a ‘pure’ Brexit market, EUR/GBP provides a clearer insight into euro and sterling sentiment than other crosses.

UK 100

The benchmark cannot escape Brexit despite the bulk of its companies’ revenues being derived in currencies other than sterling. This is because of a frequent inverse relationship between the UK100 and the pound. Hence what’s good news for the pound is often ‘bad news’ for the UK100 and vice versa, from one day to the next.

Germany 30

The most-traded index in Europe is also frequently at the heart of the Brexit action, though it’s worth bearing in mind that it is also strongly tied to global stock market sentiment and the fortunes of 30 giant German companies.

Lloyds

Britain’s biggest domestically focused bank is also top UK residential mortgage provider. The lender’s fortunes are inextricably linked with Brexit news.

Barclays

Barclays’ large UK deposit base is a key tie to Britain’s economy and politics, but the stock also has a large dollop of the United States, where the bank makes most of its revenues.

Tesco

Britain’s biggest retailer handles more pounds than most global corporations. And since consumers often express their hopes and fears on the high street, Tesco is a sound way of gauging Britain’s mood about Brexit.

Barratt

The largest residential property developer in the UK plays a similar role as Tesco. Furthermore, as immigration patterns change in relation to Brexit including the ability of its industry to source skilled workers from the EU Barratt investors try to adjust.

Brexit Top Mover

GBP/USD

Prime Minister Theresa May wants MPs to ‘hold their nerves’. Sterling traders don’t have time for such niceties. As the clock runs down to 29th March and with talks on changes to the backstop still yet to begin, sterling has fallen to a three-week low against the dollar.

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Analysis and Insights

Daily Brexit update: Volatility and uncertainty February 21, 2019 5:43 PM
Lloyds ‘bring it on’ makes sense February 20, 2019 12:51 PM
FTSE higher on China-US talk reprieve February 20, 2019 9:43 AM
Daily Brexit update: Sterling up, but unlikely to get away February 19, 2019 6:42 PM
FTSE drops on company news February 19, 2019 10:05 AM
FTSE lower as investors await next catalyst February 18, 2019 4:34 PM

Read Latest News

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