Analysts at TD Securities point out that the political drama reaches a fever pitch in Europe after a few cabinet resignations inject more fluidity in the daily Brexit negotiations. Key Quotes “The next questions center on whether there will be a leadership challenge to May this week followed by a possible snap-election, a hard Brexit or even a second referendum.” “The former requires 48 letters to the Chair of the 1922 Committee to trigger a leadership contest, though we think May will hold on to power.” “If the tails risks of a snap election or hard Brexit are averted, we see room for GBP to chew into its heavy risk premium, which favors buying into dips near 1.32. EURGBP likely to find intraday support near 0.8830.” “Still, the improving growth backdrop suggests EURUSD offers a cleaner play in the very short-run and we prefer to use dips as buying opportunities towards the 1.1680/50 zone.” 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 Gold rebounds sharply from 1-week lows; will it sustain? FX Street 4 years Analysts at TD Securities point out that the political drama reaches a fever pitch in Europe after a few cabinet resignations inject more fluidity in the daily Brexit negotiations. Key Quotes "The next questions center on whether there will be a leadership challenge to May this week followed by a possible snap-election, a hard Brexit or even a second referendum." "The former requires 48 letters to the Chair of the 1922 Committee to trigger a leadership contest, though we think May will hold on to power." "If the tails risks of a snap election or hard Brexit are averted, we… Top 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.
