Shares 117 Views

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

shares7 views

JPMorgan Chase Scores Another Bitcoin Technology Patent

Brian Evans - Jul 22, 2018

Banks have shown a keen interest in Bitcoin technology over the years. Various patents have been filed by these financial institutions to explore new potential business use…

shares18 views

Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

Brian Evans - Jul 22, 2018

Crypto markets seeing mostly green today, with total market cap up over 2% and Bitcoin pushing $7,500

Bitcoin Progress
shares25 views

Bitcoin Makes Major Headway: CFA Exam Will Now Include Crypto Topics

Brian Evans - Jul 22, 2018

Cryptocurrencies and blockchain technologies are making serious headway in the financial industry, the most recent sign being the decision by the CFA Institute, which offers the Chartered…

Most from this category

shares26 views
shares26 views
%d bloggers like this: