In view of analysts at Danske Bank, the most likely outcome is a ‘decent Brexit’, which is soft in the sense that the UK stays close to the EU but hard in the sense that the UK is leaving the single market. Key Quotes “The Irish border remains the most difficult issue.” “The likelihood of a ‘no-deal’ Brexit has increased. While there are most likely enough hard Brexiteers to trigger a leadership contest, it is more difficult for them to win it.” “The deal is likely to include a legally binding withdrawal agreement and a political declaration on what the future relationship beyond the transition period should look like.” “The likelihood of a general election or a second referendum before 29 March is low. A soft Brexit keeping the UK in the single market also seems unlikely.” “Brexit remains the key driver for the GBP and uncertainty related to the outcome is likely to keep the GBP volatile and undervalued in the coming months. We expect EUR/GBP to break substantially lower when markets can start to price out a ‘no-deal’ Brexit risk premium. We forecast 0.84 in 6M and 0.83 in 12M.” “In case of a ‘no-deal’ Brexit, we expect EUR/GBP to spike higher and a test of 1.00 should not be ruled out.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next DXY Technical Analysis: Upside momentum now eyes a test of 95.00 FX Street 4 years In view of analysts at Danske Bank, the most likely outcome is a 'decent Brexit', which is soft in the sense that the UK stays close to the EU but hard in the sense that the UK is leaving the single market. Key Quotes "The Irish border remains the most difficult issue." "The likelihood of a 'no-deal' Brexit has increased. While there are most likely enough hard Brexiteers to trigger a leadership contest, it is more difficult for them to win it." "The deal is likely to include a legally binding withdrawal agreement and a political declaration on what the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
