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Nov 19 - 12:55 PM

GBP: Brexit Is Back! EUR/GBP To Head Towards 0.88 - Nordea

By eFXdata  —  Nov 19 - 10:45 AM

Nordea Research sees a scope of higher EUR/GBP on the potential Brexit uncertainty over the coming weeks.

"Here we go again. Brexit-risks are back in the limelight as Boris Johnson considers invoking Article 16 in the Northern Irish protocol, which will throw the parties back at the negotiations table. This is a digital risk event for the GBP and BoE," Nordea notes. 

"We judge that EUR/GBP is headed back towards 0.88 should the Brexit-uncertainty be re-introduced and it will likely also at least partly wreak havoc with Bank of Englands hiking plans," Nordea adds.

Source:
Nordea Research/Market Commentary

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