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Key Factors to effect GBP/EUR (Daniel Johnson)
Brexit Bill
The very brief exit bill has now been passed from the House of Commons to the House of Lords. It seems unlikely that there will be any significant amendments which is good for the Pound. If there are any changes to the bill, it will have to be returned to the House of Commons for approval. There is the potential for ping-pong between the two and the result would be a delay in the triggering of article 50 and the pound will suffer.
Feel free to use the link below to see a time line of proceedings.
http://services.parliament.uk/bills/2016-17/europeanunionnotificationofwithdrawal.html
French Election
Fraincois Fillon, has been knocked off the spot as front runner in the presidential race following allegations he employed his wife in a fake role and paid thousands to her in tax payers money. Marine Le Pen has now gained popularity which has seen the Euro suffer as a result. Marine Le Pen represents a far right party and if she gains power there is the high possibility of a referendum. We saw what a referendum did to the pound. I would expect a similar effect on the Euro. There are also elections in the Netherlands and Germany this year which could also have potential to cause a referendum.
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Source: http://www.eurorateforecast.com/2017/02/24/key-factors-to-effect-gbpeur-daniel-johnson-2/
