Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store


Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

69.21% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

GBP/SEK is headed upwards

GBP/SEK is headed upwards

Information is not investment advice

The British pound outperformed the Sweden Krona, but may be pressed down by fears over no-deal Brexit. GBP/SEK is trying to recover its losses. However, it’s still well below levels of the last week. It has slumped significantly to rates unseen for two and a half years at 11.18, after touching the 11.65 level at the first days of September.

Traders need to pay close attention to the BoE’s monetary policy statement on Thursday at 14:00 MT time. If the central bank makes a more dovish statement, for instance, gives guidelines for low rates for longer, the GBP will fall. Otherwise, if the bank delivers a more hawkish speech, the GBP will rise. Elsewhere, UK retail sales will be out on Friday at 9:00 MT time. As always, better-than-expected data will underpin the pound. However, the most significant problem, which may weigh on the British pound is, of course, Brexit. Most analysts believe that the likelihood of the no-deal withdrawal is getting higher every day. If EU-UK tensions escalate, the pound sterling may dip.

One economist from ING claims: “A deal is now at best a 50:50 probability. The key factor will be whether the Internal Markets Bill makes its way through the Commons and Lords successfully. If so, the EU is highly unlikely to sign a free-trade agreement with the UK given the lack of trust, and the threat of withdrawal agreement breach”.

Today the UK’s consumer price index exceeded expectations. It turned out 0.2%, while the forecast was 0.1%. As a result, the GBP rose, driven not only by the upbeat CPI, but also by the risk-on sentiment amid vaccine hopes. As for the Sweden side, the country reported optimistic unemployment figures. However, investors shrugged off that news as they are interested more in the pound’s efforts to rebound.

Technical tips

Let’s look at the GBP/SEK chart. It keeps rallying higher. If it manages to break the high of September 9 at 11.45, it may surge to the next resistance of 11.55. In the opposite scenario, the move below yesterday’s low of 11.31 will drive the price deeper to the next support of 11.18.





How Will BoJ Meeting Affect the Yen

Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus

Choose your payment system


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later