Jump to content

Brexit Countdown

Recommended Posts

  • 1 month later...

Updated Brexit timetable *now with added hurdles*. GBP remains at the mercy of every decision and announcement as there is a degree of pricing in of every potential scenario meaning that as various scenarios are scratched and others become more likely GBP positions will be adjusted.

(From ING)


  • Like 1
Link to comment
  • 3 weeks later...

Gove announces support for PM. This guy has shown remarkable poor judgement in the past, especially around his ill fated play for the PM position, this guaranteeing BoJo didn't get it and ushering in May's premiership.  Of course he has burnt his bridges with Boris so probably has no options, still he is the cockroach of UK politics...

I wonder if this is a case of outwardly showing support whilst behind closed doors brokering a deal with BoJo?  The end of May is nigh, what then?  At least in the UK parliamentary system it doesn't trigger an election.  This is the strongest form of Democracy in my opinion.  I wonder whether a change would be seen as a positive thing, at least temporarily?  A BoJo Premiership means a hard-line stance to EU exit, and quite likely a no deal exit given the time-frames.  I bet you this would be a Black Swan for the Eurocrats!

Link to comment
  • 1 month later...

Morning all. Just to remind everyone the parliamentary debate is scheduled  to end at 1900 GMT with a vote taking place shortly afterwards (although some delay is likely). Be mindful of potentially increased volatility, changes to guaranteed stop levels, underlying market spreads etc. Happy trading. 

Any questions please just ask. 

Link to comment

So this is the run down, courtesy of Reuters.

  • May's Brexit deal defeated by 230 votes
  • May's government faces no confidence vote
  • Results due at 1900 GMT Wednesday
  • Labour calls for a compromise on Brexit (Labour's finance minister-in-waiting, John McDonnell, said May could eventually get a deal through parliament if she negotiated a compromise with his party.)
  • EU divorce in disarray just 10 weeks before leave date
  • Bank of England's Carney to speak on Wednesday to lawmakers


question - why the hell are the Labs making this all about internal domestic politics and a power grab. Just work together FFS and do whats best for the country you bunch of mungaloidic-toss-pots.

Link to comment
  • 4 weeks later...

Enjoyed this lively balanced debate on Brexit and deal or no-deal, lots of points covered and very interesting.

The only thing I would add, looking back to when the UK left the commonwealth to join the EU there was no deal. It meant a couple of tough years for Australia and New Zealand but they have never looked back since. It was the making of those two countries and I suspect the UK will see similar benefits from independence from the EU.

  • Thought provoking 1
Link to comment
  • 2 months later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...