OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP remains under pressure on Brexit – Danske Bank

Analyst Mathias Mogensen at Danske Bank assessed the prospects for the British Pound.

Key Quotes

“The main driver for GBP this week is likely to be Brexit , as negotiations have entered a critical phase with the new deadline on 4 December for the UK to make additional efforts to resolve differences”.

“While progress in the Brexit negotiations is a GBP positive, we do not see a case for a significant rally in the GBP short term if an agreement is reached with the EU to discuss the future relationship (second phase), as it is still too early to price out Brexit risk premiums, in our view”.

“We still see EUR/GBP within the 0.8650-0.90 range near term with risks becoming more balanced as improved prospects of progress in Brexit negotiations weigh against EUR/GBP supportive factors such as relative rates, growth, and the domestic political uncertainty in the UK”.

EUR/USD further upside expected on a breakout of 1.1976 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair should gather extra upside traction on a break above 1.1976. Key Q
Read more Previous

UK Trade Sec Fox: UK has gone far enough for Brexit talks to progress

Speaking to Bloomberg TV in Sydney, UK trade secretary Liam Fox was noted saying that the UK has gone far enough for Brexit talks to progress and is n
Read more Next
Start livechat