Chief Analyst at Danske Bank Jakob Christensen noted the Sterling’s stance remains fragile in the near to medium terms,
“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
What Is Binance Coin?Brian Evans - Jan 21, 2018
Whenever cryptocurrency exchanges issue their own coins, some people will be wary. After all, such currencies can only be traded on the main exchange, which makes them…
Cointopia Aims to Become the AngelList for ICO ProjectsBrian Evans - Jan 21, 2018
The initial coin offering industry is still very popular as of right now. It is evident this business model has also created a few more problems in…
New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From?Brian Evans - Jan 21, 2018
Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.It was around noon – I was in my favorite bagel store getting my…