Danske bank analysts on the euro against sterling

  • probability UK PM May remains as leader and that parliament votes yes to her Brexit deal "has declined substantially"
  • see EUR/GBP to fall into a 0.865-0.88 range if May remains in charge
  • EUR/GBP to remain volatile ahead of parliament's Brexit vote
  • A "decent Brexit" looks less likely, but EUR/GBP to 0.83 in three months if so
  • probability of a no-deal scenario, has increased … EUR/GBP could test 1.00
  • If May resigns or loses a vote of confidence --> EUR/GBP to 0.92-0.95 range
  • If a second Brexit referendum --> EUR/GBP to 0.82-0.86
  • A Remain vore -->move below 0.80