Senior Analyst at Danske Bank Piet Christiansen gives his views on the British Pound and the ongoing political uncertainty in the UK and Brexit negotiations.
Key Quotes
“The UK’s Conservative Party Congress kicked off yesterday and runs until Wednesday. The conservative party members are very divided on the Brexit issue, which complicates negotiations and we see risks skewed to the upside for EUR/GBP in the near term”.
“Clients with GBP income should take advantage of last week’s decline in EUR/GBP towards 0.89 and hedge 2019 exposure via ratioed risk reversals”.
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