Analysts at Danske Bank point out that in terms of GBP, the market reaction to Theresa May’s loss proved very limited in the House of Commons yesterday evening as the loss was widely expected and everyone continues to eye the vote on 27 February. Key Quotes “The EU is not willing to negotiate and make concessions if it does not know whether it will be sufficient. May has promised another vote by the end of February but she is unlikely to have anything new to bring forward then. So, right now it seems as though we have to get very close to the 29 March deadline (remember there is an EU summit on 21-22 March) or a small majority in the Commons will force May to ask for an extension of Article 50 by the end of this month.” “Pressure is rising on all. We stick to our view that the two most likely outcomes are May’s deal passing eventually (40%) or a second EU referendum (30%). A no-deal scenario would probably happen only ‘by accident’ and we attach a 15% probability to this scenario. We still expect the 0.86-0.89 range in EUR/GBP to hold before we get more clarification.” 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 Dollar Index Technical Analysis: A visit to 2018 highs around 97.70 remains well on the cards FX Street 3 years Analysts at Danske Bank point out that in terms of GBP, the market reaction to Theresa May's loss proved very limited in the House of Commons yesterday evening as the loss was widely expected and everyone continues to eye the vote on 27 February. Key Quotes "The EU is not willing to negotiate and make concessions if it does not know whether it will be sufficient. May has promised another vote by the end of February but she is unlikely to have anything new to bring forward then. So, right now it seems as though we have to get very… 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.
