- 'they' don't want a deal, UK international banking assets jump 10-20% on a devaluation.
- Thats a revaluation of £100bn-£200bn onto UK banks books.
- Then all the short seller positions Then banking deregulation
- We even avoid the EU tax cutdown law in Jan 2020
- Borish Johnson reiterates UK is leaving the EU on 31st October
- EU will take cue from Dublin, who have already said non-starter deal
- First EU take on the deal is "cannot be serious"; "if this is the final offer then it is no deal"
- EU Lawmaker Lamberts says 'this does not bode well' seems to be seeking a no-deal Brexit and wants to blame the EU for this
Trade closed: stop reached
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Huge volatility after PM Johnson comes out from meeting PM Varadkar touting huge positivity on a deal has cause a stop. Will look for re-entry above 1.25 potentially
Took a bit longer than I thought, but it's coming...
Pfay
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youre a I di ot aaaaa
UnknownUnicorn3954476
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@Pfay, No deal isn't off the table yet.. Big short squeeze has been happening here clearing out retail traders. I've actually re-entered GBP/USD short at 1.2655
UnknownUnicorn3954476
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@Pfay, See 1.269 black line we bounced off at top there, that is a nice re entry level
UnknownUnicorn3954476
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"Irish source reports good progress made on three issues with officials to take this forward, adding the Brexit taskforce engaged as a basis for renewed negotiations, according to The Sunday Irish Independent"
UnknownUnicorn3954476
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UK PM Johnson and Irish PM Varadkar say that there is a pathway to a possible deal; will continue to engage in discussions and a deal is in everyone's interest
UK Brexit Secretary Barclay will meet EU Brexit Negotiator Barnier tomorrow
UnknownUnicorn3954476
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"Brussels is as much in the dark about the pathway to a possible deal, a source adds, if they have found a way it would be welcome, if it is a truce to string this out another week until EUCO we might be less enthusiastic"
UnknownUnicorn3954476
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EU Chief Brexit Negotiator Barnier says we are not in a position to be able to find a (Brexit) agreement with the UK
UnknownUnicorn3954476
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EU Commission President Juncker says the EU is not accepting the blame game started in London, doesn't exclude a deal and is working on one
UnknownUnicorn3954476
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Recent swing between 7:30am and 8:30am BST was due to some fake news being touted by the Times that EU was ready to make a major concession on Brexit deal by providing a mechanism for the Northern Irish assembly to leave a new Irish backstop after a set number of years.
However it was then announced that the EU is not about to make a bold offer to allow Stormont to exit part of the Brexit withdrawal agreement (Guardian's Rankin citing EU sources)