GBP remains under pressure – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen noted the Sterling’s stance remains fragile in the near to medium terms,

Key Quotes

“The GBP could be further in focus this week as the House of Commons votes on the Article 50 bill on Wednesday. The vote is expected to be passed and put the government on course to trigger Article 50 on 9 March as planned”.

“We expect the GBP to come increasingly under pressure as the triggering of the article 50 raises policy uncertainty”.

“Furthermore, with the Bank of England maintaining its neutral bias, we think that there is little support to get from relative rates, and we target EUR/GBP at 0.88 in 3M”.

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: