GBP continues to be affected by Brexit fears - SocGen

Sandeep Kanihama FXStreet Contributor

Alvin T. Tan, Research Analyst at Societe Generale, notes that the sterling continues to be affected by Brexit fears, though the dollar's pullback yesterday has helped it.

Key Quotes

“We continue to await the Supreme Court ruling on the Brexit case, which could be issued any day now. There is growing speculation that the court will affirm the need to obtain parliamentary approval before triggering Article 50. We recommend fading EUR/GBP rallies using options as we expect the euro to come under renewed pressure as European political risk flares up again in coming weeks.”

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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