Jakob Ekholdt Christensen, chief analyst at Danske Bank, explains that the EUR/GBP cross was little changed yesterday as the Bank of England kept its policy rate unchanged as expected.
Key Quotes
“For GBP, focus remains on Brexit and while the UK House of Commons is now on Christmas recess and returns on 7 January, GBP is likely to remain sensitive to Brexit-related comments over Christmas and New Year.”
“Overall, we still look for EUR/GBP to remain stuck in the 0.880-0.905 range ahead of the potential Brexit vote in the week beginning 14 January.”
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