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Aug 06 - 01:24 PM
EUR/GBP: It’s Anybody’s Guess Now But It's Likely To Improve After October - Danske
First appeared on eFXplus on Aug 06 - 12:00 PM

Danke Research discusses EUR/GBP outlook, and expects more uncertainty ahead of the Brexit deadline on Oct-31.

" In the run-up to the end-October Brexit deadline, we expect EUR/GBP to remain volatile and maybe more so than we previously thought likely. Ultimately, EUR/GBP can go as high as 0.97 (previously, we thought 0.91).

Our base case continues to be a much, much less dramatic outcome at end-October. We expect EUR/GBP to settle at 0.89-0.91 on the back of an extension and/or snap election.

In the case of a decent deal or cancelation of Brexit, we believe EUR/GBP will turn towards 0-83-0.86," Danske argues. 

Danske Research/Market Commentary


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