EUR/GBP: Change in the Brexit outlook justifies a shift lower – Danske Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Danske Bank point out that the GBP gained further yesterday and EUR/GBP fell below 0.86 as Theresa May promised that the UK will not leave the EU without a deal unless parliament approves such an event.

Key Quotes

“The risk of a ‘no deal’ Brexit appears to have declined significantly after both Theresa May and opposition leader Jeremy Corbyn have made significant climb-downs, and the change in the Brexit outlook justifies a level shift lower in EUR/GBP, in our view.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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