According to Vladimir Miklashevsky, senior economist at Danske Bank, GBP will be guided this week by the indicative vote in the UK House of Commons on Wednesday where the PMs once again have the opportunity to force the Prime minister to ask the EU for an extension of the Article 50. Key Quotes “PM May has postponed the socalled “meaningful vote” which was scheduled for Tuesday 26 February. Instead, PM May will ask the House of Commons to give her another two weeks (12 March) to close the deal. Hence, the can will most likely be kicked down the road once again this week, which should keep EUR/GBP within the 0.86-0.89 range in the coming weeks.” “We maintain the view that the risk of a ‘no deal’ Brexit after 29 March is low (although it still could happen by accident), which is also reflected in level of EUR/GBP, in our view.” “We still expect EUR/GBP to decline sharply towards 0.83 if a deal is reached before 29 March, but the main risk is that Article 50 is extended, which means that GBP appreciation will come more gradually than our forecast indicates.” 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 Oil: Near-term view modestly bullish on tightening market – Goldman Sachs FX Street 4 years According to Vladimir Miklashevsky, senior economist at Danske Bank, GBP will be guided this week by the indicative vote in the UK House of Commons on Wednesday where the PMs once again have the opportunity to force the Prime minister to ask the EU for an extension of the Article 50. Key Quotes … 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.