- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessPOV: GBPDEM: A Message for EURGBP Chart:...>
STERLING: POV: GBPDEM: A Message for EURGBP Chart: http://tinyurl.com/MNI-GBPDEM
Following the release of the draft Brexit text and the resignation of Brexit
Secretary Dominic Raab, we have looked at the long-term technical position of
sterling.
- GBPDEM has a longer history than EURGBP and was actively traded rather than
the synthetic euro often used in EURGBP charts prior to 1999.
- GBPDEM has been on a long-term downtrend since the mid-1980s (a long-term
uptrend in EURGBP). Throughout that time any sterling corrections higher have
been very weak. This points to a weak technical outlook for GBPDEM.
- The shorter-term uptrend in GBPDEM was broken immediately following the Brexit
referendum in June 2016.
- Seasonals also are not supportive for sterling. Since the introduction of the
euro in 1999, EURGBP has moved higher in the two-month period of Nov-Dec 12 out
of 19 times, and in December alone EURGBP has moved higher 13 out of 19 times.
- A no deal Brexit could see EURGBP move to multiyear highs of 0.98, last seen
in the depths of the financial crisis.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.