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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”.

EM oil producers finding hard to hit hard fiscal breakevens – Deutsche Bank

Research Team at Deutsche Bank, suggests that the persistent drop in oil prices, combined with uncertainty about whether we have reached the bottom, has raised concerns about the ability of major oil producers to endure a further period of low oil prices.
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EURUSD: Still trapped in a range – Lloyds Bank

Research Team at Lloyds Bank, notes that EURUSD rallied a little on the back of the better than expected PMIs yesterday, but still remain trapped in a range.
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