EUR/GBP keeps looking north near term – Danske Bank

In view of Senior Analyst at Danske Bank Piet Christiansen, the European cross is still seeing edging upwards in the near term.

Key Quotes

“GBP recovered yesterday and EUR/GBP dropped back below 0.88 just after touching the 200- day moving average line at 0.8830”.

“GBP gained after PM May won a key vote in parliament as she and her government accepted giving the House of Commons more power over the Brexit negotiations”.

“The EU withdrawal bill now goes back for debate and will be voted on in the House of Lords on Monday. Uncertainty remains intact and we still see risks skewed to the upside for EUR/GBP ahead of the European Council meeting on 28 -29 June”.

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 securities. 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 Forex 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.