EUR/GBP to remain volatile and range bound – Danske Bank

Analysts at Danske Bank expect EUR/GBP to remain volatile and range bound in coming weeks, after it dipped below 0.90 as Theresa May won the ‘no confidence’ vote last night.

Key Quotes

“Things are basically unchanged from the day before yesterday and focus now turns to the EU Summit, where EU leaders will discuss Brexit today. There is still no majority for anything in the House of Commons and the question is whether Theresa May can get sufficient assurances in order to change some MP’s stance on the Brexit deal. As such, all options still are on the table, including a second referendum and the risk of the deal not being passed in the House of Commons remains intact.”