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.”
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.