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The European cross remains poised for further upside, according to Piet Christiansen, Senior Analyst at Danske Bank.

Key Quotes

“GBP surged yesterday on the news that the UK plans to accept a compromise on the Irish border in order to the Brexit deal done”.

“The Conservative Party congress will continue to be the key source of volatility for GBP in the coming days”.

“We see risks mainly skewed on the upside for EUR/GBP near term. Technically, the key support is seen just below 0.8850″.