11 Jan 2016
GBPUSD at multi-year lows & GBPEUR at key support levels - Investec
FXStreet (Delhi) – Research Team at Investec, suggests that the Pound is trading near multi-year lows against the US Dollar, and key support against the Euro through 2015 lows.
Key Quotes
“It has struggled ever since the Bank of England's surprisingly dovish November quarterly Inflation Report. This weekend PM David Cameron was on the BBC's Andrew Marr Show, speaking about the EU, saying he is “hopeful of a deal in February and if we do that we could go on and hold the referendum." An in-or-out vote on Europe for Britain is set to happen before the end of 2017, with Mr Cameron’s comments continuing to point to a summer 2016 vote, with the chance it could slip to September or later if negotiations falter.
The British government wants the EU to cut its bureaucracy and trade barriers, to differentiate between rules for countries inside and outside the euro area and to limit benefits for migrants. Cameron said he is willing to wait for the right terms and if he can't get the 'right deal' in February he will keep going until he can.”
Key Quotes
“It has struggled ever since the Bank of England's surprisingly dovish November quarterly Inflation Report. This weekend PM David Cameron was on the BBC's Andrew Marr Show, speaking about the EU, saying he is “hopeful of a deal in February and if we do that we could go on and hold the referendum." An in-or-out vote on Europe for Britain is set to happen before the end of 2017, with Mr Cameron’s comments continuing to point to a summer 2016 vote, with the chance it could slip to September or later if negotiations falter.
The British government wants the EU to cut its bureaucracy and trade barriers, to differentiate between rules for countries inside and outside the euro area and to limit benefits for migrants. Cameron said he is willing to wait for the right terms and if he can't get the 'right deal' in February he will keep going until he can.”