GBP under pressure as ‘Brexit’ grows bigger – Danske Bank

Chief Analyst at Danske Bank Jens Pedersen has assessed the recent developments around the sterling.

Key Quotes

“The GBP markets are under pressure after UK PM Cameron signed an EU deal on Friday and notably the mayor of London, Boris Johnson, backed a Brexit on these grounds”.

“With polls suggesting the June referendum will be very close, the GBP crosses are likely to be haunted by the uncertainty surrounding the UK in coming months”.

“Also the negative impact of a possible Brexit for the eurozone could increasingly become a focus point and weigh on EUR crosses”.