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  • Brexit: UK's Gove says agreement in principle on all issues in withdrawal agreement

Added at 8:18am

Added at 8:20am

Added at 8:21am

All GBP pairs had a huge spike!
Progress? There's an implied "But . . ."
Nice Move On GBP
Thats far from what we hear from other sources. Another fake news to lift the pound?
Quoting IndigoPingvi
Thats far from what we hear from other sources. Another fake news to lift the pound?
It is listed as coming from Gove
Really weird. I was long GBP/CHF. Thanks anyway but the news has nothing to do with EU (?)... Can someone explain in easy words?
is this news negative or postive for the GBP?
  •  Guest
  • | IP XXX.XXX.7.58
LOL US dollar falling on this news
“Agreement in principle “.....

It’s not over yet
LOL, US dollar falling on this news.
what a useless shit show lol
Sell
I think GBP will sell off later today. Well I hope anyway
Ah! The verbal hedge. Done by Christmas effectively that's the signal.
Just take yours SL
maybe GBP neutral but maybe eu will sell off today.
Quoting ArvONs
Just take yours SL
"All your SLs are belong to us."
The internal market bill refers to legislation that allows government to modify the withdrawal agreement that was already agreed with the EU. It's a fractious piece of legislation that EU did not like, nor for that matter the House of Lords in the UK either, but it ONLY comes into affect if a NO DEAL BREXIT happens. So basically it is NOT a trade deal at all but a bit of a sweetener to the EU that means pretty much nothing.
this news cause spike on GBP pairs
Quoting Constantino
is this news negative or postive for the GBP?
postive
This is mentality I don't get...the news has nothing to do with the Brexit deal....I think robin hood noobs are pouring their money into GBP thinking it's a deal....lots of people will get burnt when it turns
Quoting NotAtrader
“Agreement in principle “..... It’s not over yet
Does it means that we are going to still see all these uncertainty into the next year again? Please there should be a total agreement! LOL!!!!!
This is so funny, just last evening all tories MPs voted having the withdrawal bill intact, which is detrimental and today fishy gove said UK will drop withdrawal bill. So who is UK????? Made in xxx??

ROFL, fiasco after fiasco.....this is making trading days filled with pips!

Please excuse our duxbaxx cabinet of useless human beings that are wasting planet's sarce oxygen.

This drop of withdrawal bill ain't enough to secure even a half baked deal.........FGS

Always canny to see parliament common mps voted, then to the lords, rejected from the lords, back to common voting - which uphold the withdrawal bill last night. Now with just one word, boris overturned everything, so where is the sovereign democratic process of UK - a world class laughing stock we have been!!!!!!!
Quoting Constantino
is this news negative or postive for the GBP?
postive
Quoting fx5019
{quote} postive
Watch it crash back down again in the next hour...it's Christmas come early for the Brokers
Quoting Nash86
I think GBP will sell off later today. Well I hope anyway

yes
Be careful shorting GU. Euro is pegged to USD and EG is being held in 9000 range. Only way that can continue is GU to continue rising or EU GU drop slowly via total manipulation.
Quoting Nash86
I think GBP will sell off later today. Well I hope anyway
very true
Quoting penuelophir
{quote} Does it means that we are going to still see all these uncertainty into the next year again? Please there should be a total agreement! LOL!!!!!
In my opinion yes!...
sl is bread and butter for smart money
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Quoting NotBoris
This is so funny, just last evening all tories MPs voted having the withdrawal bill intact, which is detrimental and today fishy gove said UK will drop withdrawal bill. So who is UK????? Made in xxx?? ROFL, fiasco after fiasco.....this is making trading days filled with pips! Please excuse our duxbaxx cabinet of useless human beings that are wasting planet's sarce oxygen. This drop of withdrawal bill ain't enough to secure even a half baked deal.........FGS Always canny to see parliament common mps voted, then to the lords, rejected from the lords,...
The internal market bll did seem to do it's job as a threat weapon against the EU over border controls in Northern Ireland. Since the EU and UK have agreed the working of that now, the internal market bill can be scrapped in the event of a no deal.
Damn just remembered how boring the market will be without brexit and trump in the future.
Quoting NotBoris
This is so funny, just last evening all tories MPs voted having the withdrawal bill intact, which is detrimental and today fishy gove said UK will drop withdrawal bill. So who is UK????? Made in xxx?? ROFL, fiasco after fiasco.....this is making trading days filled with pips! Please excuse our duxbaxx cabinet of useless human beings that are wasting planet's sarce oxygen. This drop of withdrawal bill ain't enough to secure even a half baked deal.........FGS Always canny to see parliament common mps voted, then to the lords, rejected from the lords,...
The internal market bill did seem to do it's job as a threat weapon against the EU over border controls in Northern Ireland. Since the EU and UK have agreed the working of that now, the internal market bill can be scrapped.
Now they will take GBP down for entering massive long positions at a lover price.
Quoting swd
{quote} The internal market bill did seem to do it's job as a threat weapon against the EU over border controls in Northern Ireland. Since the EU and UK have agreed the working of that now, the internal market bill can be scrapped.
Agree to your point. However, the internal market bill was not drawn up by EU - the amount of time and tax-payers money wasted by this government to get this internal market bill drawn up, voted up, voted down, voted up then override by boris was/is simply canny and uncalled for.

I knew they would use this imb to bargain with EU but it simply makes boris government looks like a fool! Wait till UK tries to reprimand Russia, China, North Korea etc. they will simply turn round and show the two fingers, up u-rs......

Happy trading.
Quoting NotAtrader
Now they will take GBP down for entering massive long positions at a lover price.
It's been a while since the media cover boris's hedge fund brexit supporters - would be a good time to put them back into limelight, a far better trading indicator than all these mumble jumble from boris and his cronies.
Quoting NotBoris
This is so funny, just last evening all tories MPs voted having the withdrawal bill intact, which is detrimental and today fishy gove said UK will drop withdrawal bill. So who is UK????? Made in xxx?? ROFL, fiasco after fiasco.....this is making trading days filled with pips! Please excuse our duxbaxx cabinet of useless human beings that are wasting planet's sarce oxygen. This drop of withdrawal bill ain't enough to secure even a half baked deal.........FGS Always canny to see parliament common mps voted, then to the lords, rejected from the lords,...
Winding it up a bit? Democracies have more of a habit of changing tack than autocracies do. In the UK, the majority of the proposed laws are brought to the house(s) by the government and it's quite within their remit to withdraw them, despite or because of whatever reactions or repercussions. It's not without precedent and therefore not peculiar to this current administration.
No proof but I suspect this has been done to unblock some of the final 'divergences' (aka redlines/lines in the sand, sticking points).
  • Post #38
  • Quote
  • Edited at 9:48am Dec 8, 2020 9:37am | Edited at 9:48am
Quoting DaJoWaBa
{quote} Winding it up a bit? Democracies have more of a habit of changing tack than autocracies do. In the UK, the majority of the proposed laws are brought to the house(s) by the government and it's quite within their remit to withdraw them, despite or because of whatever reactions or repercussions. It's not without precedent and therefore not peculiar to this current administration. No proof but I suspect this has been done to unblock some of the final 'divergences' (aka redlines/lines in the sand, sticking points).
It had always been a political gamble game, in regard to IMB, saw through it when it was brought about by boris, aka his advisers.

Simply goes to show how much risks this shambolic cabinet is willing to flaunt to save their skins - aka a DEMOCRATIC SOVERIGN process of a country where many international laws sprouted from.
The uk government sells us out again!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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GBP Sell off time
Quoting NotBoris
{quote} It had always been a political gamble game, in regard to IMB, saw through it when it was brought about by boris, aka his advisers. Simply goes to show how much risks this shambolic cabinet is willing to flaunt to save their skins - aka a DEMOCRATIC SOVERIGN process of a country where many international laws sprouted from.
Yes, I quoted it as being a pressure gambit, even IF it did force the issue on making sure that the EU also faced up to the practical realities it implied. The difference now is that it's cleared up as no longer being a Deal/No deal fulcrum.
Quoting jjreynolds
The uk government sells us out again!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Us = ?
My opinion, and I am a nobody with an opinion, I can only see the softies taking an extension to Brexit as neither side is really ready for the repercussions, and each sticking point in the trade deal will be tackled as a separate agreement between the UK and the EU. All the agreed upon points of the trade deal thus far will go forward into the new year and form the basis for the final trade deal. Not what I want, but what I think might happen.

However, agreeing the border controls between Northern Ireland and the UK makes a NO DEAL even easier for the UK now as it is likely to play to the Biden administration more easily, allowing the UK to rely on a good sized trade deal with the US sometime in the future.
Another consideration is that it pre-empts Biden's self-proclaimed Irish-root, chest-pumping infatuation in intentionally getting involved.
Quoting swd
My opinion, and I am a nobody with an opinion, I can only see the softies taking an extension to Brexit as neither side is really ready for the repercussions, and each sticking point in the trade deal will be tackled as a separate agreement between the UK and the EU. All the agreed upon points of the trade deal thus far will go forward into the new year and form the basis for the final trade deal. Not what I want, but what I think might happen. However, agreeing the border controls between Northern Ireland and the UK makes a NO DEAL even easier...
Snap!
Quoting NotAtrader
Now they will take GBP down for entering massive long positions at a lover price.
oh really,,,,,?
Quoting swing77
{quote} oh really,,,,,?
Ice cream? 😀🌺
Thank you gu spike.. Hahahaa. Easy money
Quoting Vancarbon
{quote} Ahhh the hypocrisy !!!!!!!! It's fine when the EU breaks it's own laws ( regularly ) . Stop talking absolute b*llox Not Boris , or at the very least give some balance and take your EU loving head out the sand . This is politics man , not a game of monopoly . Dominic Cummings is a strategist as sharp as they come .
Hypocrisy......looks who's talking here.....the vulgarity spurting anglo-saxon who is still considering what to do with his British passport after brexit but live in France??

No need nor have I got time for your obscene vulgarity here.

As for dom cumms, the last time I heard he went to Barnard Castle for an eye test all the way from London, ~300mil away from home, that's as sharp as it could get!
Quoting Vancarbon
{quote} lol . You're not the sharpest tool in the box are you . Ever heard of a VPN ? So , is it fine for the EU to break their own internal rules when it suits them ?
Why use a VPN if you are only trading.......duh. Unless you are up to something else that sunlight does not shine.

As for your second point, don't sway from my points
Quoting Vancarbon
{quote} WTF ! I'll leave you in your own virtual reality . I can't respond to that . Remember to take the blue pill at 5pm and the rest of the meds before bed .
Just as expected, within a spate of less than an hour, your true vulgarity nature outshined itself in its every glory.

As for the blue pill, you can save it for yourself, I don't need it at all Never crossed my mind on why I need it so why waste money on it, oh I forgot, coz you need it....
To what extent is Gove to be believed? He doesn't even go to the loo without BoJos permission.
Who went long with GBP/USD @ 1.353 ? ^_^
Quoting Milanolok
To what extent is Gove to be believed? He doesn't even go to the loo without BoJos permission.
Not at all. He does do anything to save his ass.
His Master's Voice.
More lies

Not-KPMG yawns and buys little more Bitcoin
Quoting g0ds0n
Who went long with GBP/USD @ 1.353 ? ^_^
1.35 🙄😲😂😂

Many a wan.ekrs in Cable thread. 🤔😭

They cry to sleep
Quoting NotAtrader
Now they will take GBP down for entering massive long positions at a lover price.
1.10 or 1.20 buddy??

Just thinking....
I don't trade this schmuckery


I'm EU UJ guy now 😲👍🍻
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Question to broadcaster Yerevan: is it true that a Brexit agreement is about to be signed?
Reply from the sender: in principle yes, but unfortunately we have no paper, no ink ...
Quoting DaJoWaBa
Another consideration is that it pre-empts Biden's self-proclaimed Irish-root, chest-pumping infatuation in intentionally getting involved.
Wasnt that an unnecessarily crude partisan characterization of the President elect.
Because he recognizes the necessity for continued peace in NI to depend on friction-less Irish border?
Peace, which his US presidential predecessor Clinton played such a supportive role in helping establish?
Disappointing.
Quoting RossEdwards
{quote} Wasnt that an unnecessarily crude partisan characterization of the President elect. Because he recognizes the necessity for continued peace in NI to depend on friction-less Irish border? Peace, which his US presidential predecessor Clinton played such a supportive role in helping establish? Disappointing.
No, not crude at all. He has not been shy to emphasise his Irish Roots and has stated from the off that he would get involved. Having an innate understanding and being available to help is a little different from stating a desire to get involved in the politics of another nation. How does any other nation respond when a leader from anywhere else tells it how it should behave or do things as if it is morally superior?
After he had the numbers for the win, when asked by the BBC what he had to say to the British People, his complete response was "I'm Irish" and he walked away. Now, if that isn't a statement of intent or a public provocation, what, pray tell me, was it?
For the record and balance, I didn't appreciate Trump entering any of our frays either.
I made the point free of any prejudiced opinions about N.I. and Eire. On a practical and longer-term political basis I'd imagine it would be better if the island became as one and it would certainly make life easier for the remainder of the UK. Free trade is certainly a major way of 'breaking down the barriers'. I believe peace in N.I. should be based on Eire/N.I. deciding on that with practical solutions, rather than being pushed and shoved around by everyone else on a political or moral basis.
I did have issues with the approach to N.I. in the WDA negotiations on the same basis as it became a proprietal political issue between the EU, egged on by Eire, and the UK, rather than a focus on practical issues.
I am not sure what to make of your telling me you're disappointed: whether to be humbled by the implication that you expect me to be of a certain high, anonymous, theoretical standard or whether I should take note that you believe yourself to be of that high-standard and you're qualified to grade my entries and opinions, as if I was at the Viva of a PhD.
In terms of debate, at your service!
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  • Story Stats
  • Posted: Dec 8, 2020 8:16am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 61  /  Views: 22,904
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