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  • Brexit Update

    From marctomarket.com

    The October 31 deadline for the UK to leave the EU is less than 100 days away. The new Prime Minister is beginning to convince others that that UK will, in fact, leave at the end of October. PredictIt.Org shows the odds of the UK leaving has risen to almost 50% from about a 33% chance a month ago. Here is a summary of where the situation stands and some key dates going forward. 1. Boris Johnson handily won the Tory Party leadership challenge and succeeded May. He quickly gave key ministerial posts to those favoring leaving without an agreement rather than accept the Withdrawal Agreement. The new government has ... (full story)

  • #1
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  • Jul 31, 2019 9:39am Jul 31, 2019 9:39am
Pound rallys.....
  • #2
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  • Jul 31, 2019 9:41am Jul 31, 2019 9:41am
Qoute.."Assuming that sterling does not stage a significant recovery in the next two sessions, this will be the 13th consecutive week that sterling has fallen against the euro. Sterling's decline will impact inflation expectations (higher), which saps the purchasing power of consumers. It will boost the earnings of the global companies that are headquartered in the UK. The FTSE 100, weighted toward such companies, has been an outperformer over the past three months (up ~2.7% vs. -1.6% for the Dow Jones Stoxx 600). "
  • #3
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  • Jul 31, 2019 9:53am Jul 31, 2019 9:53am
https://www.youtube.com/watch?v=MEEJOZkmIxU
Follow price direction
  • #4
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  • Jul 31, 2019 9:55am Jul 31, 2019 9:55am
i think this would be a selling apportunity
  • #5
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  • Jul 31, 2019 10:20am Jul 31, 2019 10:20am
"Any where the wind blows..."
  • #6
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  • Jul 31, 2019 10:56am Jul 31, 2019 10:56am
Do what is going on with GBP anything positive ?
  • #7
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  • Jul 31, 2019 11:00am Jul 31, 2019 11:00am
Quoting Ghass1234
Do what is going on with GBP anything positive ?
Oversold basically.
  • #8
  • Quote
  • Jul 31, 2019 11:20am Jul 31, 2019 11:20am
  •  Trader#4982
  • | Status: Unregistered Trader
Quoting Lamplighter
{quote} Oversold basically.
If you consider where sterling was when a hard Brexit was merely a possibility, then GBP is far from oversold. The only thing stopping it from falling further is the prospect of Parliament seizing the reins from the Government.
  • #9
  • Quote
  • Jul 31, 2019 12:46pm Jul 31, 2019 12:46pm
Extension will happen, Buy the GBP
  • New Comment
  •  Trader#7F54
  • | Status: Unregistered Trader
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  • Story Stats
  • Posted: Jul 31, 2019 9:26am
  • Submitted by:
     MarcChandler
    Category: Fundamental Analysis
    Comments: 9  /  Views: 8,808