Peter A Rosenstreich
Swissquote Bank Ltd
With the likelihood of a ‘soft’ Brexit on the rise, the British pound jumped: in Friday trading, EUR/GBP fell to 0.8689 and GBP/USD rose to 1.3520.
Markets welcomed the news that the United Kingdom and the European Union have reached a preliminary agreement on the UK’s departure from the EU, including a resolution of the tricky border between Northern Ireland and the Irish Republic. Also settled are the general financial terms and the rights of EU citizens living in the UK and UK subjects living in the EU. Just as all hope seemed lost, a deal was agreed, which makes it hard for us to see anything but a soft Brexit.
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This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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