The EU and the UK have entered into a period of intensive Brexit talks [Video]
|Listen to the latest market mood for the EUR/GBP pair.
Weak EUR, Strong GBP
The EU and the UK have entered into a period of intensive Brexit talks. It is still in the best interest of the EU and the UK to try and reach a trade agreement before the deadline at the end of the year. The EURGBP pair should find sellers on rallies higher as expectations of a deal breakthrough grow. The headlines coming out for Brexit related developments are growing again, but the current mood is that disappointing Brexits headline is faded on the optimism that a deal will finally be reached.
Therefore, expect EURGBP sellers on any rallies higher as long as hopes of a Brexit deal remain.
Trade Risks
-
The main risk to this trade outlook is if the UK firmly commits to leaving the UK without a trade deal.
-
Any near term breakdown in talks will also invalidate this outlook.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.