The pound has been under pressure amid Brexit political developments. What’s next? Here is their view, courtesy of eFXdata: Danske Research discusses its expectation for the ongoing Brexit developments. Danske targets GBP/USD at 1.33 in 1-month and at 1.35 in 3 months. “The biggest obstacle in the Brexit negotiations remains the Irish border, as both the UK and EU want to avoid a hard border, which is difficult with the respective red lines. Moreover, the UK politicians are very divided on what the future customs relationship with the EU should look like and to what extent parliament should have a meaningful vote on the final deal. Hence, pressure on Prime Minister Theresa May and her government continues to increase in order to find a way to unite the opposing Brexit blocs within the conservative Party before they derail the government. At this point, we think the probability of a hard Brexit (defined as the UK leaving the single market and probably the customs union) is 80%. However, this is not the same as saying it is going to be a disorderly cliff-edge Brexit. Our base case for Brexit remains what we call a ‘decent Brexit’ in which the final deal for the future relationship looks something like the EU-Canada CETA deal. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Iran’s OilMin: OPEC meeting likely to end with no agreement on oil output FX Street 5 years The pound has been under pressure amid Brexit political developments. What's next? Here is their view, courtesy of eFXdata: Danske Research discusses its expectation for the ongoing Brexit developments. Danske targets GBP/USD at 1.33 in 1-month and at 1.35 in 3 months. "The biggest obstacle in the Brexit negotiations remains the Irish border, as both the UK and EU want to avoid a hard border, which is difficult with the respective red lines. Moreover, the UK politicians are very divided on what the future customs relationship with the EU should look like and to what extent parliament should have a… 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.
