GBP choppy vs. USD and EUR near-term – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Sverre Holbek has reiterated that the sterling could extend its choppy trade vs. its main rivals amidst ‘Brexit’ speculations.

Key Quotes

“The GBP strengthened on Monday on the back of the positive news flows regarding EU British negotiation ahead of the EU summit on 18/19 February”.

“Our base case is that UK Prime Minister David Cameron will eventually get a deal with the EU that will be enough for undecided voters to opt for staying in the EU”.

“However, it is a close call and GBP/USD and EUR/GBP are likely to trade in choppy and trend-less patterns ahead of the EUR summit”.