Con Conf

[Caseynotes]

Boris making his conservative conference speech causing movement in both FTSE and GBPUSD.

Interesting short video on the possible sequence of events leading to a global financial meltdown triggered by Brexit and the fall of Merkle.

 

[Mercury]

Nice one @Caseynotes.  Other than the heavy US accent and the stupid hat, if I had closed my eyes I would have thought I was listening to myself composing one of my old IG Community posts (LOL!).  There are a few nit pick points but I wont bother with them as overall I agree with this guy.  Brexit is not the issue here guys, the Euro and the failing EU experiment is.  Ultra-socialist policies, immigration, clinging on desperately to the ideal of an open market that includes no barriers to migrant workers and chiefly economic policy designed to benefit German exports are headwinds that will probably be too much to overcome without a radical change of politics in the EU.  Without the UK acting as a brake and challenge the EU is dangerously lopsided.

This is why I think we will come to see Brexit as a godsend as not only will the UK remain in GBP but it will sever ties that bind it's hands on economic policy.  This is also the reason I am contrarian on EURGBP.

One thing does raise it's ugly head though, what happens to EUR trades if the Euro fails? 

[Caseynotes]

Lol, thought it might strike a cord, but the initiation and sequence of events are very credible and very possible. I liked the bit about there being a power vacuum behind Merkel because she's always made sure there was no one behind her that could threaten her position. Made me laugh.  

[Mercury]

That's right and if you look at the spread of voting % it is a basket case, make the UK situation look strong as a castle...