Allan von Mehren, chief analyst at Danske Bank, points out that GBP weakened versus both USD and EUR yesterday as the weaker-than-expected UK GDP figures weighed on appetite for the currency. Key Quotes “A falling CPI number (due tomorrow) could provide further support to EUR/GBP, but the key event this week is the Brexit vote in the House of Commons on Thursday, where the MPs have the opportunity to force PM Theresa May to ask the EU27 for an extension of Article 50.” “If triggered, it will be supportive for GBP and could send EUR/GBP towards the lower end of the 0.86-0.89 range. However, given that the ‘meaningful’ vote has been postponed, we do not expect the debate on Thursday to change the Brexit outlook and we thus expect the 0.86-0.89 range to hold near term.” 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/JPY Technical Analysis: The cross met some support near 124.00. Still poised for further decline FX Street 3 years Allan von Mehren, chief analyst at Danske Bank, points out that GBP weakened versus both USD and EUR yesterday as the weaker-than-expected UK GDP figures weighed on appetite for the currency. Key Quotes "A falling CPI number (due tomorrow) could provide further support to EUR/GBP, but the key event this week is the Brexit vote in the House of Commons on Thursday, where the MPs have the opportunity to force PM Theresa May to ask the EU27 for an extension of Article 50." "If triggered, it will be supportive for GBP and could send EUR/GBP towards the lower end of… 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.
