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  • Liz Truss: I'm determined to get us through the tempest and to put us on a stronger footing

    Liz Truss:

    In these tough times we need to step up

    I'm determined to get us through the tempest and to put us on a stronger footing

    — Steven Swinford (@Steven_Swinford) October 5, 2022
Added at 6:30am
  • UK PM TRUSS: LAST FEW WEEKS HAVE SHOWN CHANGE IS DIFFICULT

    - Reuters via https://t.co/ymHY6x3NYD

    — PiQ (@PriapusIQ) October 5, 2022
Added at 6:30am
  • UK PM Truss:
    - Last Few Weeks Have Shown Change Is Difficult
    - My Priorities Are Growth, Growth and Growth
    - We Will Lower Tax Burden
    - Conservative Party Will Always Be Party of Low Taxes
    - Cutting Taxes Is Right Morally and Economically

    — *seven (@sevenloI) October 5, 2022
Added at 6:31am
  • UK PM Truss:
    - We Need to Be Internationally Competitive on Tax
    - We Will Keep Iron Grip on Finances
    - I Believe in Fiscal Responsibility
    - We Will Bring Down Debt As Share of National Income
    - Right for BoE to Set Interest Rates Independently

    — *seven (@sevenloI) October 5, 2022
Added at 6:42am
  • UK PM Truss: We will realize the promise of Brexit

    — DailyFX Team Live (@DailyFXTeam) October 5, 2022
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  • Edited 8:46am Oct 5, 2022 8:19am | Edited 8:46am
  •  RossEdwards
  • Joined Jun 2019 | Status: Member | 3299 Comments
For some the focus of my, and couple of other colleagues - mostly long time trader/investors , contributions here, have come under criticism as not relating directly to day to day Fx Market focused analysis, and focusing often on EconoPolitical developments in UK and EU.

I can understand why some, particularly technically focused traders or idologically driven members resent the inherent criticisms inevitable in such posts. And have difficulty in the connection between that focus/analysis and actual trade opportunities. So let me illustrate from this crisis, how it fits directly, with profitable trading.

Developments in last 3 weeks have presented MTF/LTF GBP traders who trade fundamentals with two classic and profitable trades. The first GBP Short ..on 23rd Sept when The Truss/KK budget was published without OBR analysis.. And the second Long.. when BoE was forced into a £65b emergency support package for the Gilt market.
For those who understood the Macro EconoPolitical consequences of (a) the scale of the Chancellors disconnect, and then (b) the scale of the BoEs intervention to save the Pensions industry.. the first short was worth over 800 points over 2 days.. the second over 800 points over 6 days. both NoBrainers.
IMHO illustrating value of moderated discussion of Polito-Economic developments on these threads, between informed and as far as possible, ideology-neutral members, a worthwhile exchange. No?

Note: Finally.. am I a BIG believer in Techs . YES 100%. But like many other MacroFundemental traders here ,I long ago formed a my own Tech rules, and hell there are much smarter Tech traders here already.. Check out the other forums.
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  • Posted: Oct 5, 2022 6:29am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 1  /  Views: 1,532
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