EUR/GBP to stabilise below 0.86 – Danske Bank

Daniel Brødsgaard, analyst at Danske Bank, are expecting that the EUR/GBP cross is likely to stabilise below 0.86 as we are unlikely to get much news over the next two weeks.

Key Quotes

“We still hold the view that either we will see a Brexit deal passing eventually or a second referendum, and either of these scenarios is likely to result in more GBP strength. This should also indirectly support EUR/USD in removing the risks to the euro zone from an unorderly Brexit.”