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UK: Further extension in the pipeline – Danske Bank

Danske Bank analysts point out that the EU has granted an extension to 31 October and some EU leaders already appear open to the possibility of a further extension if needed.

Key Quotes

“The Conservative backbenchers want to get rid of Theresa May.”

“Look out for local elections on 2 May and European elections on 23 May. Mood for snap election is low.”

“No signs of imminent breakthrough in cross-party talks.”

“We expect EUR/GBP will remain in the 0.85-0.87 range for now. Markets likely to focus on other things than Brexit now.”

USD/TRY pushes higher to 2-week peaks beyond 5.7300

The Turkish Lira has resumed its weekly depreciation today and has lifted USD/TRY to fresh multi-day highs beyond 5.7300 the figure during early trade
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USD/CAD gains traction on oil selloff, climbs above 1.3350

The USD/CAD pair turned north on Thursday and continued to erase the heavy losses it suffered on Monday as the commodity-related loonie came under pre
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