GBP potential for further gains on BoE – Danske Bank

Jens Pedersen, Senior Analyst at Danske Bank, believes that further appreciation lies ahead for GBP in the next months.

Key Quotes

“While GBP is still sensitive to the outcome of the Brexit negotiations, the shift in monetary policy stance from the BoE could unlock GBP appreciation potential sooner than we currently project”.

“EUR/Scandies have mainly taken their cues from the single currency in recent days, but we highlight again that the Riksbank meeting next week could be a small game changer for the hard-battered SEK”.