Jens Nærvig Pedersen, senior analyst at Danske Bank, suggests that for GBP it is all about the vote on Theresa May’s Brexit deal in the UK House of Commons tonight.
Key Quotes
“Voting will start at 20.00 CET. It is widely expected that Theresa May will lose the Brexit vote and while initial price actions is likely to depend on the size of Mays defeat, focus will mainly be on what will happen next.”
“We expect EUR/GBP to remain boxed in the current 0.88-0.9060 range until further clarification.”
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