Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/GBP: Forecasts revised higher – Danske Bank

Analysts at Danske Bank raised their forecast for the EUR/GBP pair, and now they see the cross at 0.87 in three months, 0.89 in six months and 0.84 in twelve months. 

Key Quotes: 

“Brexit uncertainty remains high and there is still a real possibility of a no-deal Brexit at 31 December 2020, if the EU27 and the UK cannot strike a deal on the future relationship after the transition period. Our baseline scenario remains one of further weakness in UK macroeconomic data.”

“We changed our GBP forecast profile in early January and leave 3-12M forecasts unchanged here; we target the cross at 0.87 in both 1M and 3M on a further repricing of the Bank of England and a weak economy. Further out, we believe impatience and a looming no-deal Brexit risk will send EUR/GBP higher to 0.89 in 6M. Our Brexit base case is a simple free-trade agreement and when this is in sight, we expect EUR/GBP to move back towards 0.84 in 12M.”

“If we see a strong rebound in UK confidence, investors could start pricing in our base case of a rate cut, thus sending sterling higher. Other risk factors include more positive developments in the upcoming Brexit talks and a greater-than-expected immediate positive impact of expansionary fiscal policy on economic growth.”
 

United States 4-Week Bill Auction climbed from previous 1.49% to 1.505%

United States 4-Week Bill Auction climbed from previous 1.49% to 1.505%
Read more Previous

US Senate votes 89-10 to approve USMCA - Reuters

US Senate votes 89-10 to approve US-Mexico-Canada trade agreement. The bill will now be sent to President Donald Trump to sign into law. More to come
Read more Next