Further volatility seen in EUR/GBP – Danske Bank

The European cross is expected to remain volatile in the next sessions, according to Morten Helt, Senior Analyst at Danske Bank.

Key Quotes

“We expect EUR/GBP to remain volatile with risks to the upside in coming weeks ahead of the annual conservative party congress, which starts on 30 September”.

“Hence, corporate clients should take advantage of the recent decline in EUR/GBP and high implied volatility when hedging GBP income”.