According to analysts from Danske Bank, the EUR/GBP is likely to move range bound for now, but then to the downside. Key Quotes: “As we predicted, the rally in GBP in the wake of the highly anticipated BoE rate hike proved short-lived and EUR/GBP has bounced back above 0.89 again.” “The risk premium on GBP is likely to remain elevated in the near term as Brexit negotiations move into an important period during the Autumn, and we look for EUR/GBP to remain range bound (most likely within 0.875-0.895) near term with Brexit uncertainty expected to remain the key source of volatility.” “Longer term, we still expect EUR/GBP eventually to trade lower driven by Brexit clarifications and fundamental valuations. We target EUR/GBP at 0.8650 in 3M, 0.84 in 6M and 0.83 in 12M.” 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 Bitcoin Cash Technical Analysis: BCH/USD bears take another forceful drive at a vital area of support, which if breached can see a fast money drop to $700 FX Street 5 years According to analysts from Danske Bank, the EUR/GBP is likely to move range bound for now, but then to the downside. Key Quotes: "As we predicted, the rally in GBP in the wake of the highly anticipated BoE rate hike proved short-lived and EUR/GBP has bounced back above 0.89 again." "The risk premium on GBP is likely to remain elevated in the near term as Brexit negotiations move into an important period during the Autumn, and we look for EUR/GBP to remain range bound (most likely within 0.875-0.895) near term with Brexit uncertainty expected to remain the key… 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.
