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EUR/GBP expected to gain further traction – Danske Bank

Jens Sorensen, Chief Analyst at Danske Bank, sees the European cross edging higher in the next weeks.

Key Quotes

GBP suffered further yesterday and EUR/GBP rose to 0.7750 as Brexit concerns have reappeared in the financial markets”.

“According to our Brexit Risk premium estimates, 1.25pp is currently priced into the EUR/GBP spot rate (2 std dev. confidence interval of 0 to +2.5pp)”.

“This implies that EUR/GBP is likely to trade at 0.7550-0.7780 post the election in the event of a ‘remain’ vote. We still see risks for EUR/GBP skewed on the upside going into Election Day on 23 June”.

ECB Preview: Time to stay put – Danske Bank

Senior Analyst, Pernille Bomholdt Henneberg at Danske Bank, expects the ECB to maintain its patient stance at the meeting today and not send any new s
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Canadian PMI relatively steady at 52.1 – RBC CM

Paul Ferley, Assistant Chief Economist at RBC Capital Markets, notes that the Canada’s May RBC PMI implied continued improvement in business confidenc
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