ridethepig

Spring already starting to feel like winter for the empire

Short
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
More noise coming from the UK with May and Corbyn attempting to find common ground at the 11th hour.

A way forward could involve accepting a permanent customs union (something Labour have advocated for a long time). This is not without risk for TM as it will split her party in two. The hard Brexiteers are clearly upset and may even vote against the government with no confidence if we see a May / Corbyn combo.

Any plan will need to be build on the W.A which will upset the DUP. The Brexiteers and DUP have some thinking to do, the forcing of hands to support May’s deal is underway whilst the DUP risk losing power via the May / Corbyn combo.

Whilst yesterday’s developments are perceived as positive for GBP, no deal remains in the spotlight and is under priced across most valuations. I am actively building more positions on the sell side in the UK.

Thanks all for the support in Tradingview with likes and comments for those wanting to further the discussion.
Comment: A shame we did not get a fill here on the entry.
Comment: We'll leave this pending till the European session tomorrow incase we get a spike.
Comment: Still no fill. We opened up a fresh call for these Pound flows in GBPJPY, by now all can see the move we were trying to trade here:

Comment: Tough luck for not getting filled in the GBPUSD idea. No surprises we are sitting at the 1.309 target area for the London close.
Comment: A quick update for GBPJPY

Comments

I hate to bore your treads but. Why do you need votes on something that was put to the people? Thats what I dont get. It seems like they didnt know what they were asking to the people to vote for in the first place. Leader left, chief leader of the thing passed it on to May. Its all a big ass mess. And I hope when yous next vote yous come out proper and put all these idiots away for good.
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@amutt, you are absolutely right to highlight David Cameron running from the scene, typical politics 101. The UK spending the last 4 years trying to decide on how to make the country 'less worse off' from this scenario rather than how to 'make things better' for the country speaks volumes for the UK and UK politics.
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Bring back Tony Blair last leader yous had.
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Dude im a close neighbor. If they cannot agree shit, what was the vote for in the first place? This shows they all have no clue in what they are doing. OK so lets do a vote. Ok. Now the result is this. Now what? Its a joke, to get us into world war 3 or something. Dont think that kinda thing would fly in this day and age. But just a thought. No clue. UZ voted leave, so leave ubut they cant do it.
Reply
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