Sterling supported by PM Cameron

February 3, 2016

Research Team at Rabobank, notes that the Sterling strengthened slightly against the euro to 0.757 in the afternoon trading session, as it found some support from comments by PM Cameron, who indicated that the draft proposal on Britain’s EU membership would serve as a sufficient basis for him to campaign to keep the UK in the EU. 

Key Quotes

“Although this has raised the chances of a deal being reached before or at the 18-19 February EU summit, the plans – which include a four year ”emergency brake” on welfare payments to new immigrants from the EU – fell way short of demands made by Eurosceptics. 

As such, this is still far from a race run. Indeed an “in” campaign in the run-up to a referendum in the summer combined with news headlines of rising immigrant flows into the EU could still backfire when the British people make their way to the polling booths."

Publication source
HYCM information  HYCM reviews

December 6, 2016
What will happen with the euro after the ECB meeting
Morgan Stanley strategists believe that the ECB will keep rates on hold at this week’s meeting, but can expand its QE purchase program. But they consider different scenarios with various responses from the euro...
December 6, 2016
Euro shrugs off Italian referendum results rallying to a 2-week high
The single currency opened Monday on a bearish note but managed to pare losses as investors brushed aside the Italian referendum results. EURUSD closed at a 2-week high right near the resistance level of 1.0765 as noted in yesterday's commentary...
December 6, 2016
Financial markets gripped by Monday jitters
Risk aversion intensified during early trading on Monday following reports of Italian Prime Minister Matteo Renzi experiencing a crushing defeat in the referendum on constitutional reforms which sparked concerns of renewed political instability in Europe...

FIBO Group Rating
XTB Rating
Z.com Trade Rating
 FXTM Rating
FOREX.com Rating
OctaFX Rating

IQ Option Rating
24option Rating
OptionsXO Rating
OptionFair Rating
EZTrader Rating
Banc De Binary Rating