Aila Mihr, analyst at Danske Bank, notes that the EUR/GBP cross moved higher yesterday, as the EU leaders discussed whether to grant the UK an extension or not. Key Quotes “Leaks from the discussions among the EU leaders suggested that they are more hawkish on Brexit than Tusk, Juncker and Barnier – as we highlighted in our daily yesterday. There was not really any movement after the meeting concluded, as in reality, the discussions we have had over the past two weeks will just continue for a few more weeks.” “If a deal passes, we still expect EUR/GBP to move lower towards 0.83, as markets can price out the immediate no deal Brexit risk premium. If we end with a long extension, EUR/GBP should move slightly lower but continue trading in the 0.85-0.87 range. If we end up with a no deal Brexit, EUR/GBP will move towards 1.00.” 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 Brextension helps, but GBP/USD still has the blues Yohay Elam 4 years Aila Mihr, analyst at Danske Bank, notes that the EUR/GBP cross moved higher yesterday, as the EU leaders discussed whether to grant the UK an extension or not. Key Quotes "Leaks from the discussions among the EU leaders suggested that they are more hawkish on Brexit than Tusk, Juncker and Barnier - as we highlighted in our daily yesterday. There was not really any movement after the meeting concluded, as in reality, the discussions we have had over the past two weeks will just continue for a few more weeks." "If a deal passes, we still expect EUR/GBP to move… 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.
