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February 2016

Traders await news from EU summit

Published: Thursday 18 February 2016

Sterling has risen across the board most notably against the Euro; up nearly 1%. As the focus turn towards the two day EU summit, EC President, Jean-Claude Juncker has said he is “quite confident” European leaders can reach a deal with Britain. If a deal is agreed by all EU leaders, the UK is expected to call a referendum as early as June. 

Whilst traders await news from the EU summit, in which David Cameron will be attempting to persuade member states to back his program of reforms, the Pound is trending narrowly versus its major peers. A slight lean towards appreciation can be linked to recent opinion polls which suggest the UK will vote to remain a part of the European Union.

Latest FX news by Zeta Webber

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