Morten Helt, Senior Analyst at Danske Bank, believes the European cross could retreat to the 0.8300 region in a 3-month horizon. Key Quotes “The Bank of England meeting did not cause any significant reaction in EUR/GBP, but the cross broke below 0.88 later yesterday afternoon amid improved Brexit optimism on the back of a report by the Financial Times saying that the EU will explore a compromise on Northern Ireland that would give the UK stronger guarantees to avoid the customs border issue”. “Brexit will remain key driver and source of volatility for GBP until a deal is reached. In our base case we target EUR/GBP in 0.83 in 3M assuming that a decent Brexit is reached within the time period”. 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 EUR/USD extends November rally on Trump’s trade turnaround Yohay Elam 4 years Morten Helt, Senior Analyst at Danske Bank, believes the European cross could retreat to the 0.8300 region in a 3-month horizon. Key Quotes "The Bank of England meeting did not cause any significant reaction in EUR/GBP, but the cross broke below 0.88 later yesterday afternoon amid improved Brexit optimism on the back of a report by the Financial Times saying that the EU will explore a compromise on Northern Ireland that would give the UK stronger guarantees to avoid the customs border issue". "Brexit will remain key driver and source of volatility for GBP until a deal is reached. In… 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.
