EUR/GBP garners demand on Boris’s Brexit campaign

By FXStreet EUR/GBP opened with a heavy bid on a bullish gap in the Boris story which leads speculation towards a Brexit on the recently announced referendum date being the 23rd June 2016 on whether to stay in the EU.

UK’s Boris Johnson backs up Brexit, sends Pound sharply lower

Boris Johnson, Mayor of London and Tory, is popular with the UK’s public, (tipped to be prime minister one day) and his vote for a Brexit may well lead a majority of his supporters into the “out camp”, and such sentiment is weighing heavily on the pound in the open of Asia today, already down -0.1% at time of writing vs the greenback, with a low at 1.4255 so far and down 0.31% vs the euro at time of writing, with a low of 0.7801.

EZ data for the week ahead

Meanwhile, for the week ahead in the EZ, there are Flash PMi’s and HICP for Feb for Germany and France as the leading economies. “Advance inflation releases for Germany and France likely showed a sharp drop in inflation momentum, with German CPI dropping to 0.0% y/y and French CPI falling to 0.1% y/y. This is mainly driven by base effects, with pump prices …read more

Source:: FX Street