DouglasDavison

DouglasDavison

EUR/USD is trading around 1.1280, consolidating after dropping on the dovish ECB decision on Thursday and the Federal Reserve’s decision in March to cease raising interest rates. This year was driven by unease over the U.S. and global economies and surprisingly subdued inflation, according to minutes of the pivotal central bank meeting. 1.Fundamental analysis....

DouglasDavison

This week was another turbulent episode of the Brexit saga. After the Parliament failed to approve the Brexit deal for the third time, its indicative votes on Monday resulted in another impasse, with pro-Remain members failing to come around to any of the four offers. Similar to the government's agreement, it did become closer, but not enough. 1.Fundamental...

DouglasDavison

Mr. Arne Lohmann Rasmussen, chief analyst at Danske Bank, notes that the EUR/GBP cross moved to the lower end of the 0.85-0.87 range after PM Theresa May’s statement yesterday evening. “For now, we expect EUR/GBP to stay above 0.85, but if the negotiations are successful and May and Corbyn can find common ground, we could soon see a move below 0.85. However, this...