GBP a weaker currency as long as EUR/GBP holds above 0.84 - Malte Kaub

With the UK now moving towards a friendly Brexit scenario, we discuss the post-Brexit scenarios and the outlook ahead for the pound, with Malte Kaub, Director at Traders Leadership Council, and Zak Mir Technical Analyst at Zak’s Traders Cafe.

Highlights:

What kind of EU/UK negotiations will we get

“Merkel has said there would be no formal discussion till Article 50 is triggered. So till then we are going to see some uncertainty"

“Are we going to see further EU integration/disintegration – If we look at CDS of southern weaker European countries, risks could come through from these countries.”

EUR/GBP - target achieved 0.84 pence

“As long as EUR/GBP holds above 0.84, the Pound will be weaker”