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EUR/GBP to remain within the 0.85-0.88

Mr Jens Peter Sørensen, at Danske Bank, suggests that EUR/GBP remains mainly unaffected after UK PM, Theresa May plan B , presented for Brexit as it did not offer much news in terms of the future path for Brexit.

Key Quotes

“All options are still on the table, including a second referendum, which the Labour party according to the media is said to be proposing to parliament. Voting on Plan B and other amendments will take place on 29th January. With an extension of Article 50 looking increasingly likely and parliament seeking to take over the Brexit process.

Forex – Sterling slides before May outlines Brexit plan B,

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