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22 Feb 2016

GBP under pressure as ‘Brexit’ grows bigger – Danske Bank

Chief Analyst at Danske Bank Jens Pedersen has assessed the recent developments around the sterling.

Key Quotes

“The GBP markets are under pressure after UK PM Cameron signed an EU deal on Friday and notably the mayor of London, Boris Johnson, backed a Brexit on these grounds”.

“With polls suggesting the June referendum will be very close, the GBP crosses are likely to be haunted by the uncertainty surrounding the UK in coming months”.

“Also the negative impact of a possible Brexit for the eurozone could increasingly become a focus point and weigh on EUR crosses”.
Feb 22, 2016

Gold slips further in Europe as European equity futures rise

Gold prices fell to a fresh daily low of USD 1212/Oz as safe haven demand for the metal took a further dip on account of a positive action in the European equity futures.
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Feb 22, 2016

Brexit: Now the real battle begins – SocGen

Research Team at Societe Generale, suggests that the agreement has been reached on “A new settlement for the United Kingdom within the European Union”.
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