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GBP remains under pressure – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen noted the Sterling’s stance remains fragile in the near to medium terms,

Key Quotes

“The GBP could be further in focus this week as the House of Commons votes on the Article 50 bill on Wednesday. The vote is expected to be passed and put the government on course to trigger Article 50 on 9 March as planned”.

“We expect the GBP to come increasingly under pressure as the triggering of the article 50 raises policy uncertainty”.

“Furthermore, with the Bank of England maintaining its neutral bias, we think that there is little support to get from relative rates, and we target EUR/GBP at 0.88 in 3M”.

 

 

GBP/USD bias remains negative – Commerzbank

In light of the recent price action, Cable’s bias remains on the negative side, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.
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EUR/USD maintains bearish bias, dips below 1.0750 level

The offered tone witnessed around the shared currency remains unabated, with the EUR/USD pair extending its rejection move from 1.0800 handle to touch
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