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RaiseTheBid
May 9, 2018 4:18 PM

FTSE Upside limited, eyeballing a 30% correction via Hard Brexit Short

UK 100 CFDFOREX.com

Description

Here actively looking to build a full sized position in UK Equities on the sell side.

=> Hard Brexit now sitting in 'done deal' territory.

=> All UK sectors are starting to cough and beckoning for help.

=> Expecting the shock to be felt in both the Equities market as well as the Pound (see related ideas).

=> This will detonate soon and provide a category 5 hurricane for little England.

There is a more detailed description in the related Sterling idea covering the political side as well as the fundamental side, I would highly recommend reading this for those tracking Brexit in FTSE and Pound. Things are going to get dark very soon.
Comments
DashMorgan
Interesting but doesn’t a weak pound aid the FTSE? Just a thought.
RaiseTheBid
@DashMorgan, In normal circumstances yes ...however we are talking about an economy a self inflicted shock. Sterling is no longer a 'heavyweight' in major currencies, rather the 'punching bag' as a result of the UK losing a big piece of the pie in global market access.
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