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UK: Focus on Brexit – Danske Bank

According to analysts at Danske Bank, in UK Prime Minister Theresa May could be facing her biggest crisis as a confidence vote could be coming.

Key Quotes

“The GBP fell yesterday in response to the high uncertainty over Brexit as it calls into question her ability to negotiate with EU leaders at the Summit on Thursday if she is to be toppled later internally. However, even if there is enough backing for a confidence vote, it is not clear that she would lose it. It would require a majority among the 315 Conservative members of parliament. EU leaders have been defiant about giving further concessions in talks with May in recent days.”

AUD/USD eases from weekly tops, holds with modest gains above 0.7200 handle

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EUR/USD is holding the near term up trend – Commerzbank

Karen Jones, analyst at Commerzbank, explains that the EUR/USD continues to consolidate very near term and has sold off to the 1.1312 support line, wh
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