Brexit optimism could see EUR/GBP lower – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen expects the European cross to grind lower on a better mood around Brexit.

Key Quotes

“EUR/GBP broke below 0.88 on Friday on positive comments after the UK cabinet discussed the Brexit plan”.

“EUR/GBP might see further downside on renewed Brexit optimism ahead of May’s speech on Friday. Jeremy Corbyn is due to clarify his Brexit policy today. The key support level is seen at 0.8779 (9 February low)”.