Pound Sterling Set for an Explosive Monday Session vs. Euro and Dollar | Forex Factory

  • Pound Sterling Set for an Explosive Monday Session vs. Euro and Dollar

    From poundsterlinglive.com

    Pound Sterling is in for a potentially explosive session on Monday owing to a Sunday deadline for EU-UK Brexit talks. If talks have not yielded progress by Sunday, the two sides have agreed to end them and pursue a 'no deal' Brexit. The Pound is expected by analysts to fall sharply under such a scenario. The market has rapidly raised the odds of a 'no deal' outcome over the course of the previous week, with a number of institutional analysts now saying such an outcome is their base-case expectation, whereas just last week it was hard to find anyone who would have suggested anything but a 'skinny' free trade deal was ... (full story)

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RedCable
Dec 12, 2020 9:28am
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waiting for the end of this drama
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ettrader
Dec 12, 2020 7:09pm
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The current deal is one that no sane nation in the world would sign there is only one reason for it though it is fear that Britain will be successful outside the union, they put fear in the way of profit as they make a jaw dropping 100 Billion Financial services and Goods trade surplus. The EU would sacrifice the money and a stable relationship over fear. It is basically admitting the project has failed.
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afevir
Dec 12, 2020 12:18pm — Edited
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Pound Sterling and markets

Pound-New Zealand Dollar Rate Could Fall Another 7% on No Deal
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RossEdwards
Dec 13, 2020 6:09am
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Quoting Steamroller
One point the media hasnt picked up on is that Merkel has overruled the rule of law criteria for Poland and Hungary during stimulus talks to show European unity. This highlights that the EU is happy to bend laws when it suits them.
The management of the EU is a endless complex and rolling negotiation process.
They are the ultimate experts in crisis negotiation. 40 years of experience on a daily basis.
Probably why UK has proven such an amateur and clumsy adversary in its Brexit negotiations and find itself where it is.
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Steamroller
Dec 13, 2020 5:53am — Edited
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One point the media hasnt picked up on is that Merkel has overruled the rule of law criteria for Poland and Hungary during stimulus talks to show European unity. This highlights that the EU is happy to bend laws when it suits them. It is underreported and hasnt been given the forensic examination it deserves.
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RazorFitch
Dec 12, 2020 12:59pm
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Brexit is back, its James Bond movie , the star is Jhonson, Boris Jhonson, were you expecting someone else ?
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NotAtrader
Dec 12, 2020 12:03pm
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NotAtrader
Dec 12, 2020 1:10pm
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Quoting RazorFitch
Brexit is back, its James Bond movie , the star is Jhonson, Boris Jhonson, were you expecting someone else ?
Bondris Jameson replaces James Bond.
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marecki
Dec 13, 2020 11:57am
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Quoting RedCable
waiting for the end of this drama
Some people are praying to keep it going
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FXMasterZero
Dec 13, 2020 5:00pm
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Quoting RazorFitch
Brexit is back, its James Bond movie , the star is Jhonson, Boris Jhonson, were you expecting someone else ?
Lol. So true
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Steamroller
Dec 13, 2020 6:54am — Edited
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Subversion of the rule of law for political gain/crisis management it's all the same to the EU. Anyway I have had my fun for this weekend. Good trading week to you all.
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RazorFitch
Dec 12, 2020 1:18pm
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Quoting NotAtrader
{quote} Bondris Jameson replaces James Bond.


My 2 cents on brexit; I personally hope there is no deal, just because I know that EU is a Liability

I dont think a deal is good for UK, and the market knows this... Im expecting there will be a relief rally on GU, just because its such a relief that this crap is over...
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