OctaFX | OctaFX Forex Broker
Open trading account
Back

Sterling is outperforming, but, still potential Brexit obstacles - Nomura

Analysts at Nomura explained that GBP has outperformed this week, with the news that a number for the UK’s divorce bill has been agreed. 

Key Quotes:

"There are still potential obstacles: we still need clarity on citizens’ rights issues and the EU side will need to confirm that it is willing to leave the full resolution of the Irish border situation until Phase II of the talks."

"However, the market which we have argued has been too pessimistic on the Brexit negotiations for the past month or two is now seeing that real progress is being made."

"There are also reasons to be more optimistic on the UK banking sector outlook. We expect a grind higher in GBP pairs, with EUR/GBP down to 0.87 our first target."

"The US tax reform progress makes GBP/USD a trickier pair to forecast, but real money positioning is yet to shift and so we expect a further unwinding of positions that could take the pair to 1.40 by 2018."

EUR/USD bears taking back control to 100-hour SMA

EUR/USD is back off the highs for the session as the dollar bounces back off session lows down at 92.729. Currently, EUR/USD is trading at 1.1887, up
Read more Previous

Yellen and that latest Fed Beige Book, both upbeat - UOB

Analysts at UOB Group explained that in what may be one of her last public appearances before leaving the Fed chair early next year, Janet Yellen said
Read more Next
Start livechat