Brexit Update

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)

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hesron

Jul 31, 2019 8:53am

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https://www.youtube.com/watch?v=MEEJOZkmIxU

JimDandy

Jul 31, 2019 9:20am

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"Any where the wind blows..."

gbudy

Jul 31, 2019 8:41am

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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). "

Lamplighter

Jul 31, 2019 10:00am

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Quoting Ghass1234

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Do what is going on with GBP anything positive ?

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Oversold basically.

Trader#4982

Jul 31, 2019 10:20am

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Quoting Lamplighter

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{quote} Oversold basically.

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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.