UK: Uncertainty regarding the Brexit process – Danske Bank

Sandeep Kanihama FXStreet Contributor

Jens Peter Sørensen, chief analyst at Danske Bank, points out that in the UK, PM May has been trying to get more support from the Eurosceptics in her party for her deal, which is expected to be put to a vote on Tuesday.

Key Quotes

“If she does not have strong chance of getting the deal accepted, then she is not likely to put it to a third vote according to media reports quoting ministers in her government. Otherwise, PM May will go the EU summit on Thursday to seek an extension on the Brexit process. Hence, there will be plenty of uncertainty regarding the Brexit process during the week. GBP has remained fairly range-bound versus both the USD and EUR this morning.”

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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