EUR/GBP not impacted by the Brexit developments – Danske Bank

Sandeep Kanihama FXStreet Contributor

Mikael Olai Milhøj, senior analyst at Danske Bank, suggests that the EUR/GBP cross is unlikely to have a big impact due to the Brexit voting in the UK as markets have probably priced in support for a Brexit extension at this point.

Key Quotes

“If the Commons supports an extension, we could see a small move lower in EUR/GBP. Looking beyond this week, we see a risk investors will be disappointed in the coming weeks/months, which could lead to a higher EUR/GBP, perhaps to the higher end of the 0.85-0.87 range.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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