Monday 5th March 2018

Good morning


GBP/EUR fell to a 3-month low of 1.1170 briefly last week following continued fears that a Brexit transition deal will not be reached in March and that Britain ‘would not be able to get all that it wanted’.

GBP/USD briefly touched a 7-week low of 1.3710 and traded up to 1.3818.


Italy have their election result today where it looks like being a hung parliament but fears of an anti-EU coalition could also emerge.

Thursday’s main focus will be on the EU interest rate decision.


Have a great week.