Jens Nærvig Pedersen, senior analyst at Danske Bank, explains that the EUR/GBP pair has stabilised just above the 0.855 level after the break below 0.86 yesterday and the cross is now in unchartered territory, which means that there could be more in store on the downside from a technical point of view. Key Quotes “For Brexit, it now comes down to three key votes in mid-March (vote on full deal on Tuesday 12 March, vote on support for no deal on Wednesday 13 March and vote for extension of Article 50 on Thursday 14 March) and we expect the cross to stabilise near term as we are unlikely to get much news over the next two weeks.” “We still hold the view that either we will see a Brexit deal passing eventually or a second referendum and both these scenarios are likely to bring more GBP strength. We target 0.84 in 3M. The key risk is that Brexit clarifications are prolonged and GBP appreciation materialises more gradually than our forecast implies.” 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 US Pres. Trump: “N. Korea wanted sanctions lifted entirely and we couldn’t do that” FX Street 4 years Jens Nærvig Pedersen, senior analyst at Danske Bank, explains that the EUR/GBP pair has stabilised just above the 0.855 level after the break below 0.86 yesterday and the cross is now in unchartered territory, which means that there could be more in store on the downside from a technical point of view. Key Quotes "For Brexit, it now comes down to three key votes in mid-March (vote on full deal on Tuesday 12 March, vote on support for no deal on Wednesday 13 March and vote for extension of Article 50 on Thursday 14 March) and we expect the cross… 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.
