Brexit moves back to centre stage - TDS

Ross J Burland FXStreet

Analysts at TD Securities explained that the UK's departure from the EU moves back to centre stage.

Key notes

"With the EU due to publish its draft negotiating mandate (with leaks likely to come out over the weekend), and PM Johnson due to make a significant speech (time unknown at time of writing) on the UK's stance on trade negotiations."

"There are some clear areas of obvious contention already, including Level Playing Field agreements and dynamic alignment, the ability to diverge, and the notion that nothing is agreed until everything is agreed upon. In the first phase of negotiations, the UK let the EU set the narrative from day one, and is keen to avoid that mistake this time around."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

GBP/USD holds below 1.3400 after BoE decision, US Q2 GDP

GBP/USD peaked just above 1.3400 following the BoE's announcement. The Bank of England decided to maintain the benchmark rate unchanged at 3.75%. The MPC voted 6-3 to keep rates on hold, with the 3 dissenters favoring a rate hike. US Q2 GDP missing expectations helps maintain the pair afloat, although momentum is missing.

EUR/USD resumes advance following tepid US growth data

EUR/USD trimmed early losses and aims north in the American session on Thursday, helped by better-than-expected German and Eurozone GDP data and lower-than-anticipated US growth, according to the preliminary estimate of Q2 Gross Domestic Product. The economy expanded at an annual rate of 1.5% vs the 2.1% anticipated by market participants.

Gold stable below $4,100 as USD demand fades

Gold hovers around its daily open in the American session on Thursday, trimming early losses. The Greenback enjoyed some near-term demand following Wednesday's post-FOMC downfall, but was unable to retain its gains. The preliminary estimate of the US Q2 GDP showed the economy grew n annual rate of 1.5%, missing market's expectations of 2.1%

Ripple Price Forecast: XRP builds recovery momentum as whales increase exposure

Ripple (XRP) rises toward the pivotal $1.10 resistance on Thursday, marking three consecutive days of gains. This neutral-to-slightly bullish outlook follows the Federal Reserve (Fed) decision to leave interest rates unchanged in the 3.50%-3.75% range.

The FOMC: Rates left on hold; dollar falls as Warsh fails to vote for hike

The Fed kept interest rates on hold today, defying a 30% chance in the Fed Funds Futures market that rates would rise. The Committee voted 9-3 to keep rates on hold, with governors Kashkari, Hammack and Logan all voting to hike rates due to concerns about inflation. The immediate market reaction has been a sharp drop in the USD on a broad basis.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.