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  • Brexiteers threaten to bring down the Government over any customs union deal

    From news.sky.com

    Theresa May is facing huge pressure from pro-Brexit MPs as her feuding Cabinet ministers prepare to meet in a ferocious showdown on Government policy on customs. The Prime Minister's so-called "Brexit war cabinet" is meeting to attempt to reach a deal on whether the UK should leave Europe's customs union or enter a "customs partnership". The PM has repeatedly pledged that there will be no customs union after Brexit, but is struggling to reconcile the demands of warring Brexiteers and Remainers and avoid more Cabinet resignations. She also faces near-civil war on her back benches too, with pro-Remain Tory ... (full story)

omg,,,,,
Once again mayhem is wasting time and misleading both the public and the media, the E.U. rejected any form of hybrid "customs partnership" in February and it falls foul of WTO rules also. There cannot be any tailor made, pick and choose, option.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Where are those foulmouthed Brexiters? BJ a.k.a. Boris Johnson and Nigel F.? Why would they leave Ms. May in the kitchen alone with everyone throwing the kitchen sink on her?

I admire her fighting spirit though, albeits her efforts may come to noughts
Her "fighting spirit" is survival instinct. She's hopelessly out of her depth and too petrified to deal with the mischief makers in her wretched cabinet, five of whom have resigned in disgrace this year. She either chooses BINO (Brexit in name only), by committing to a Norwegian style deal effectively protecting the principal of free movement, or a hard wto Brexit. And she's now out of time to waste with a June ultimatum delivered by Barnier.

Quoting Ojiego
Where are those foulmouthed Brexiters? BJ a.k.a. Boris Johnson and Nigel F.? Why would they leave Ms. May in the kitchen alone with everyone throwing the kitchen sink on her? I admire her fighting spirit though, albeits her efforts may come to noughts
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
The UK electorate told the government to leave the EU. She needs to get on with it
Quoting Spreadbetter
Her "fighting spirit" is survival instinct. She's hopelessly out of her depth and too petrified to deal with the mischief makers in her wretched cabinet, five of whom have resigned in disgrace this year. She either chooses BINO (Brexit in name only), by committing to a Norwegian style deal effectively protecting the principal of free movement, or a hard wto Brexit. And she's now out of time to waste with a June ultimatum delivered by Barnier. {quote}
You are right Spread! I think BINO will be better for her but will the EU play along? I am aware the EC wants to create a deterrent for future exiters and therefore they will do everything not to appear weak. Same with children, once you appear weak, they take you for granted
Quoting Spreadbetter
Her "fighting spirit" is survival instinct. She's hopelessly out of her depth and too petrified to deal with the mischief makers in her wretched cabinet, five of whom have resigned in disgrace this year. She either chooses BINO (Brexit in name only), by committing to a Norwegian style deal effectively protecting the principal of free movement, or a hard wto Brexit. And she's now out of time to waste with a June ultimatum delivered by Barnier. {quote}
Canada has a trade agreement with the EU which does not require free movement, nor does it require Canada to be governed by the EU or be subject to the jurisdiction of the ECHR and ECJ
On the contrary my impression is that Barnier and Tusk have been incredibly accommodating, they’ve bent over backwards to prevent us from self harm, recognising the complete madness of volunteering to exit the most successful economic trading bloc the globe has ever witnessed, and that’s before we discuss the social tragedy; losing our free movement throughout Europe as human beings.

The E.U. officials’ mandate is to protect the four tenets of free movement; people, goods, services and finance. Their responsibility is to the remaining 27, not the U.K. and yet they’ve bent over backwards over the past six months to accommodate us. But at some stage the diplomacy will reach the buffers and that’s where we’re at.

Anyone trading sterling will witness fireworks over the coming months, imho.

Quoting Ojiego
{quote} You are right Spread! I think BINO will be better for her but will the EU play along? I am aware the EC wants to create a deterrent for future exiters and therefore they will do everything not to appear weak. Same with children, once you appear weak, they take you for granted
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Devauxt
{quote} Canada has a trade agreement with the EU which does not require free movement, nor does it require Canada to be governed by the EU or be subject to the jurisdiction of the ECHR and ECJ
But Canada doesn't need to be "punished" by the EU.
Quoting Spreadbetter
On the contrary my impression is that Barnier and Tusk have been incredibly accommodating, they’ve bent over backwards to prevent us from self harm, recognising the complete madness of volunteering to exit the most successful economic trading bloc the globe has ever witnessed, and that’s before we discuss the social tragedy; losing our free movement throughout Europe as human beings. The E.U. officials’ mandate is to protect the four tenets of free movement; people, goods, services and finance. Their responsibility is to the remaining 27, not the...
The EU is a declining (and protectionist) market in World terms. There isn't and won't be any social tragedy, people will still be able to travel to & from Europe and even work in different countries with the correct permits.

The EU has not bent over backwards for the UK (a net contributor to the EU for nearly the whole duration of it's membership). In fact, the EU is prepared to offer Canada a better deal than it would offer the UK
Quoting jen101
{quote} But Canada doesn't need to be "punished" by the EU.
Exactly right
I know just what you mean.. I recently resigned a Golf Club membership.
And you know what.. They now tell me I wont get reduced green fees for my friends, discounts for food & drink purchased in the club, preferential rates for booking private events in the club or an acct in the bar-restaurant.
B*stards are punishing me.
Damn unfair.
Quoting Bilbo
I know just what you mean.. I recently resigned a Golf Club membership. And you know what.. They now tell me I wont get reduced green fees for my friends, discounts for food & drink purchased in the club, preferential rates for booking private events in the club or an acct in the bar-restaurant. B*stards are punishing me. Damn unfair.
Didn't you have to pay an exit fee? Do you still have to contribute to the bar tabs of the existing members? Careful though, they might also ask you to contribute existing members home improvements or allow the club to rent out rooms in your home to visiting players (without compensating you), for the next ten years
Yes.. and how unfair..
Exit fee..yes, for sure.. unbelievably they actually asked me to settle all my bills and tabs Id run up, and to honor all the commitments to Club capital projects Id previously made.
Some people!!
Really. Just punishing me.


However.. Im here to trade, not discuss my Golf Club issues or UK politics..
And Im continuing to hold earlier GBP shorts which are now showing a good return.
anyone got view on pound if May forced out?
Quoting Bilbo
Yes.. and how unfair.. Exit fee..yes, for sure.. unbelievably they actually asked me to settle all my bills and tabs Id run up, and to honor all the commitments to Club capital projects Id previously made. Some people!! Really. Just punishing me.
Article 50 of your agreement makes no provision for that and your NET membership fee has been the 2nd/3rd highest of all the members since 1976
BINO is good for business ergo it’s good for sterling. She won’t be forced out, but she has to make a choice; does she continue to be hostage to a group of right wing extremists in her own party and choose hard Brexit, or take the preferred option of a Norway style relationship with the E.U.? The latter option she could argue is the choice that Brexiteers actually opted for two years back.

Quoting Bilbo
Yes.. and how unfair.. Exit fee..yes, for sure.. unbelievably they actually asked me to settle all my bills and tabs Id run up, and to honor all the commitments to Club capital projects Id previously made. Some people!! Really. Just punishing me. However.. Im here to trade, not discuss my Golf Club issues or UK politics.. And Im continuing to hold earlier GBP shorts which are now showing a good return. anyone got view on pound if May forced out?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
BINO is good for business ergo it’s good for sterling. She won’t be forced out, but she has to make a choice; does she continue to be hostage to a group of right wing extremists in her own party and choose hard Brexit, or take the preferred option of a Norway style relationship with the E.U.? The latter option she could argue is the choice that Brexiteers actually opted for two years back. {quote}
TM has been asked to leave the EU by the electorate, this means leaving the EU and its jurisdiction over the UK. There is nothing right wing about wanting to leave an undemocratic authoritarian regime
Quoting Devauxt
{quote} Article 50 of your agrehttps://www.forexfactory.com/search.php?do=process&provider=Member&searchuser=663888&advanced=1&search[Member][PostTypes][comments]=1ement makes no provision for that and your NET membership fee has been the 2nd/3rd highest of all the members since 1976
Thanks Mrs Devauxt ..
But you have me totally confused now...
Ive carefully checked through my Golf Club docs and I can find nothing about an Article 50?
The customs union is a complex instutionalised bureaucratic mess which is irrelevant for modern economies because it is inflexible. It is a Linus blanket for small people. And many countries joined the EU because they were small in that sense. It cannot be the proper way forward for adult countries. Brussells decides for 28 countries the appropriate level of protection for over 20,000 items in a modern world in which dynamic changes are occurring by the hour. The Brexit vote was a chance for UK to become adult and that means leaving the customs union.
Quoting Bilbo
{quote} Thanks Mrs Devauxt .. But you have me totally confused now... Ive carefully checked through my Golf Club docs and I can find nothing about an Article 50?
and you won't find anything on the free movement of people either
My auntie Mabel didn't understand much about politics, let alone Single-Markets, Norway/Canada models, CAP, etc etc. She voted to leave because she was convinced that it was the 'right' thing to do (and she's a bit racist when it comes to talk of immigrants, although she does love cheap fruit!) by the likes of Bojo, Fox, Gove, & Farridge.

She's probably upset by the way the 'remoaners' have hijacked that party and want to dilute the damage.
She doesn't understand that Rees-Mogg, that bespectacled rat (no offense!) is ONLY OUT FOR HIMSELF AND HIS INVESTORS!
This is what happens when you offer up a multi-faceted, contentious problem as a binary choice to the ill-informed. But that's Democracy I guess.
Quoting UnBearybull
My auntie Mabel didn't understand much about politics, let alone Single-Markets, Norway/Canada models, CAP, etc etc. She voted to leave because she was convinced that it was the 'right' thing to do (and she's a bit racist when it comes to talk of immigrants, although she does love cheap fruit!) by the likes of Bojo, Fox, Gove, & Farridge. She's probably upset by the way the 'remoaners' have hijacked that party and want to dilute the damage. She doesn't understand that Rees-Mogg, that bespectacled rat (no offense!) is ONLY OUT FOR HIMSELF AND...
My Son's university educated friend voted Remain because she thought that "NANDOS" would have to leave the country if we voted for Brexit
There’s been many surveys citing that low levels of education were responsible for Brexit, leave voters were generally retired/unskilled/badly educated. And the principal reason for voting out was “immigration issues”.

When pressed further on these issues they boiled down to the usual bigoted disproven myths; “coming over here, stealing our jobs, our council houses, living off welfare..” etc.

The irony that the majority of illegal, overstaying, immigrants come from Asia is another face palm, 🤦♂️ can’t fix stupid, sad reflection of how the lowest common denominator were hoodwinked by the likes of Farage, Johnson and Soubry and three newspaper owing, non dom oligarchs, who are desperate for the U.K. to avoid the tax haven scrutiny the E.U. is in the process of introducing.

Quoting UnBearybull
My auntie Mabel didn't understand much about politics, let alone Single-Markets, Norway/Canada models, CAP, etc etc. She voted to leave because she was convinced that it was the 'right' thing to do (and she's a bit racist when it comes to talk of immigrants, although she does love cheap fruit!) by the likes of Bojo, Fox, Gove, & Farridge. She's probably upset by the way the 'remoaners' have hijacked that party and want to dilute the damage. She doesn't understand that Rees-Mogg, that bespectacled rat (no offense!) is ONLY OUT FOR HIMSELF AND...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
There’s been many surveys citing that low levels of education were responsible for Brexit,...
That very same low levels of education is also responsible for electing the government of the day. That same low levels of education was also responsible for electing the government of the past which brought UK to its current day of prosperity and peace. Whatever you enjoy today in UK is brought about by the choice of that same low levels of education people who have make it possible. High education level is over-rated.
Quoting Devauxt
{quote} and you won't find anything on the free movement of people either
Sorry to continue this distracting dialogue..
But Mrs Devauxt.. Im trying to learn from your EU exit advice?
My exGolf Club has never inhibited passage of members into or unconstrained access to its facilities.. And now it apparently wants to inhibit mine... just because Ive chosen to leave.
Damn Unfair.. and like you Im convinced they are just punishing me.


OK.. sorry Traders.. On the main issue were all here for.. FWIW.. Ive closed a small% short position at 36 the number.. Currently thinking plan to protect current LT short positions against a relief rally next week.. What anyone think?

Oh sorry.. Im remiss I didn't ask you Mrs Devauxt.. your sentiment on GBP for May.
Quoting Spreadbetter
There’s been many surveys citing that low levels of education were responsible for Brexit, leave voters were generally retired/unskilled/badly educated. And the principal reason for voting out was “immigration issues”. When pressed further on these issues they boiled down to the usual bigoted disproven myths; “coming over here, stealing our jobs, our council houses, living off welfare..” etc. The irony that the majority of illegal, overstaying, immigrants come from Asia is another face palm, ♂️ can’t fix stupid, sad reflection...
The only survey worth a damn was the referendum, everything else is just guesswork. Attending an educational establishment is no guarantee of intelligence. Immigration was for many a concern in the lead up to the referendum, but at no point have I heard anyone say that they wanted a complete ban on immigration, but most that I spoke to wanted better immigration control. Most people I have spoken to on the leave side wanted a return of UK democracy, sovereignty of UK parliament, supremacy of UK law, control of UK borders & rejection of EU
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Quoting Bilbo
{quote} Sorry to continue this distracting dialogue.. But Mrs Devauxt.. Im trying to learn from your EU exit advice? My exGolf Club has never inhibited passage of members into or unconstrained access to its facilities.. And now it apparently wants to inhibit mine... just because Ive chosen to leave. Damn Unfair.. and like you Im convinced they are just punishing me. OK.. sorry Traders.. On the main issue were all here for.. FWIW.. Ive closed a small% short position at 36 the number.. Currently thinking plan to protect current LT short positions...
As long as you can pay the same green fees as any other visiting player and pay the same price in the public bar as any other visiting player, that would be fair. And if you extend the same courtesy to your former members when they visit your new club, that would also be fair
Quoting Devauxt
{quote} As long as you can pay the same green fees as any other visiting player and pay the same price in the public bar as any other visiting player, that would be fair. And if you extend the same courtesy to your former members when they visit your new club, that would also be fair
Well Mrs D, isnt that the whole point.. thats what I told you, my exClub is now demanding? Like many others they offered heavy discounts to members and now they are just Punishing Me by excluding me now from all those benefits and discounts, I had as a member? Just because I left? Maybe because they are afraid of losing other members? Thats it isnt it!
So UNFAIR.
And BTW, Im not joining any new club. I taking control of my own golf.
Disappointed with your lack of support for my position.

Back in the real world: A break now on Cable above 3660 suggest rally may back to 3713 or even 376 going into weekend. Anyone with view?.
Im currently just scalping off 366 level.. but small pips.
To underestimate the value of high levels of education is criminally ignorant. To neglect to avail yourself of the issues regarding a complex issue such as exiting Europe likewise. But that’s Brexiters...

However, when the question is framed “do you want to exit Europe, yes or no?” and the campaign obsession by the two warring Tory factions involved “dem immigrants innit” it’s hardly surprising that the badly educated were duped.

And look at where we’re at;

sovereignty of parliament? Er, what like ignoring parliament and giving Henry VIII powers to an out of control extreme right wing cabal, thereby tossing aside centuries of progress?

Protecting our borders? Er, ok, let’s have a hard border with Europe and create fresh wounds in Northern Ireland? And we wanted our freedom, so let’s make it far harder to work, roam and live in a wonderful continent, “pfft, can’t be done with all that foreign muck..”

Immigration? Er, the majority of the U.K. immigration comes from Asia (China specifically) and Australia.

Honestly, it’s laughable how ignorant this suicidal decision is.

Quoting Hareii
{quote} That very same low levels of education is also responsible for electing the government of the day. That same low levels of education was also responsible for electing the government of the past which brought UK to its current day of prosperity and peace. Whatever you enjoy today in UK is brought about by the choice of that same low levels of education people who have make it possible. High education level is over-rated.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Bilbo
{quote} Well Mrs D, isnt that the whole point.. thats what I told you, my exClub is now demanding? Like many others they offered heavy discounts to members and now they are just Punishing Me by excluding me now from all those benefits and discounts, I had as a member? Just because I left? Maybe because they are afraid of losing other members? Thats it isnt it! So UNFAIR. And BTW, Im not joining any new club. I taking control of my own golf. Disappointed with your lack of support for my position. Back in the real world: A break now on Cable above...
You seem to misunderstand. By leaving the club and just paying the normal green fees and prices in the public bar as any other visiting member, they would be treating you fairly. By trying to get you to pay inflated prices or an exorbitant exit fee or insisting that club members have the use of your property in perpetuity or insisting that you and your family must continue to abide by the club laws, just because you resigned your membership, would be unfair
Quoting Spreadbetter
To underestimate the value of high levels of education is criminally ignorant. To neglect to avail yourself of the issues regarding a complex issue such as exiting Europe likewise. However, when the question is framed “do you want to exit Europe, yes or no?” and the campaign obsession by the two warring Tory factions involved “dem immigrants innit” it’s hardly surprising that the badly educated were duped. And look at where we’re at; sovereignty of parliament? Er, what like ignoring parliament and giving Henry VIII powers to an out of control extreme...
To assume that educational attendance is a guarantee of intelligence is criminally ignorant or to assume that those who have not had a higher education are incapable of understanding and researching the issues, complex or otherwise, is criminally ignorant.

The ordinary electorate can recognise that the unelected, unaccountable, undemocratic EU Commission is the EU executive, is the EU Government (according to the EU website). They also understand that UK parliament cannot reject any or all laws, legislation and diktats coming from the EU and whilst the UK is under the jurisdiction of the EU, our UK parliament it is not sovereign
Quoting Devauxt
{quote} As long as you can pay the same green fees as any other visiting player and pay the same price in the public bar as any other visiting player, that would be fair. And if you extend the same courtesy to your former members when they visit your new club, that would also be fair
You are a light in the darkness, Mrs Devauxt..
Before I told then I was resigning my membership I had discounts on a whole bunch of things bar, restaurant access to
a tab.. etc etc.. and now just because Im leaving.. when I DO leave, they want to take all that away?? And make me pay just like any visitor.
Ive asked for an extention to my membership.. and believe it or not they have placed conditions on that.. Really.. who do the think they are?

Just like you said they are Punishing me.
I know exactly how you feel about the EU.
So Unfair.

Real World: Cable.. Short scalps on 3460 doing great so far.. we got 50+ and pairing down to position volumes for possible continuation ..fingers crossed.. LoL
Quoting Bilbo
{quote} You are a light in the darkness, Mrs Devauxt.. Before I told then I was resigning my membership I had discounts on a whole bunch of things bar, restaurant access to a tab.. etc etc.. and now just because Im leaving.. when I DO leave, they want to take all that away?? And make me pay just like any visitor. Ive asked for an extention to my membership.. and believe it or not they have placed conditions on that.. Really.. who do the think they are? Just like you said they are Punishing me. I know exactly how you feel about the EU. So Unfair....
Don't worry Bilbo, you can actually buy all that shit cheaper elsewhere
Thanks Mrs Devauxt.. Your quite right..

But hey..
On the main issue of why were all here chatting.. Fx trading??
Whats your call on Cable in May?
Do you trade GBP? You have a Trade Explorer?
Cant find any trading or market calls on your log?
Love you to share what you would advise on GBP positioning here?
Quoting Bilbo
Thanks Mrs Devauxt.. Your quite right.. But hey.. On the main issue of why were all here chatting.. Fx trading?? Whats your call on Cable in May? Do you trade GBP? You have a Trade Explorer? Cant find any trading or market calls on your log? Love you to share what you would advise on GBP positioning here?
I'm not here to teach others. I don't trade in the same way you do. My trades are based on value and liquidity.
Quoting Devauxt
{quote} I'm not here to teach others. I don't trade in the same way you do. My trades are based on value and liquidity.
Neither am I. I am a strict chartist.

Not so nice daily. I wish PM May all the best.
Image2.png

Can always scalp a 5mn, blue lines are GMT+2
Image3.png

Or play the news if your nimble
Image4.png

As usual, once the gurus and geniuses finish messing up a good looking chart, it more often than not continues where it left off and in the same direction.

T
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Manage Your Money-or-You Will Manage to Lose It
Quoting Spreadbetter
There’s been many surveys citing that low levels of education were responsible for Brexit, leave voters were generally retired/unskilled/badly educated. And the principal reason for voting out was “immigration issues”. When pressed further on these issues they boiled down to the usual bigoted disproven myths; “coming over here, stealing our jobs, our council houses, living off welfare..” etc. ...
AGAIN, this 'retired', degree-educated, life-long-hard-working tax payer voted out because: some terrorists were using the ECJ to avoid deportation and we could do nothing about it and we had to pay their court costs and board and lodgings while all this was going on, and they still preached hate and disruption. ADDITIONALLY, the hospitals cannot treat the people who paid for the building of the NHS because 'they are not on benefits'. ALSO, housing .... never mind. YET MORE, I voted to join "The Common Market" in the 70s because I saw the misery of freight trying to travel the continent and the considerable improvements to business which resulted therefrom.

HOWEVER, the EU has become an autocracy, ask the Dutch (who voted out three times but were ignored by all those drawing a salary from 'government'). There are some good aspects to the EU, but the British society is in decay and the few who consider themselves British (including Seikhs and some other ethnic groups) are making a last gasp attempt to preserve the society for their families.


Quoting Ojiego
Where are those foulmouthed Brexiters? BJ a.k.a. Boris Johnson and Nigel F.? Why would they leave Ms. May in the kitchen alone with everyone throwing the kitchen sink on her? I admire her fighting spirit though, albeits her efforts may come to noughts
Could it be because BJ was back-stabbed by senior politicians after the referendum? Or perhaps it is because TM is a Remainer, in the driving seat and charged with delivering Brexit. A complete cluster-fuck would suit her well particularly if she can avoid the blame .... cue Tony FW Blair.

Quoting Bilbo
But hey.. On the main issue of why were all here chatting.. Fx trading??
Wrong. If you are interested in trading why are you reading a news-thread entitled "Brexiteers threaten to bring down the Government over any customs union deal"? Surely that says all you need to know from a trading point of view.

Quote
Whats your call on Cable in May?
Down against USD

Quote
Do you trade GBP?
Only in the supermarket.
Quote
You have a Trade Explorer?
Nolonger post one of those
Quote
Cant find any trading or market calls on your log? Love you to share what you would advise on GBP positioning here?
See above.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Apologies - having trouble with the Quote function thing

@Exodus "Down against USD"
Ditto

@Exodus "Only in the supermarket"
Confirmed scalper here, especially news.
Manage Your Money-or-You Will Manage to Lose It
https://www.ft.com/content/202a60c0-cfd8-11e5-831d-09f7778e7377
Gone to a better place
Quoting smikester
https://www.ft.com/content/202a60c0-cfd8-11e5-831d-09f7778e7377
Ahh, rumbling from the "daily traitor" Here are the true costs to the UK of EU membership along with a less "rose tinted glasses" view of what the EU has done for the UK.
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  • Posted: May 2, 2018 1:55am
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    Category: Fundamental Analysis
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