Pound Drops Below $1.20 as May Reported to Seek Hard Brexit | Forex Factory

  • Pound Drops Below $1.20 as May Reported to Seek Hard Brexit

    From bloomberg.com

    The pound fell against the dollar, dropping below $1.20 for the first time since October’s flash crash, after reports said U.K. Prime Minister Theresa May will signal plans to quit the European Union’s single market to regain control of Britain’s borders and laws. Sterling declined against all of its major peers after the Sunday Times said that May will prepare to withdraw from tariff-free trade with the region in return for the ability to curb immigration and strike commercial deals with other countries. The currency has fallen 19 percent against the dollar since the nation opted to leave the EU in June’s ... (full story)

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Exodus
Jan 16, 2017 3:51am
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Quoting Devauxt
I would love to see Theresa May instigate a full public enquiry into the Lisbon Treaty. I think the EU elite would crap themselves and maybe then charges could be brought against Blair for misleading the public and wasting billions
...that man so needs a slap!
Reply
doji
Jan 15, 2017 5:22pm
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I logged on to my trading platform about half an hour ago worried that the GBP/USD pair might have moved up when market opened for the Asian session. To my very pleasant surprise, it had gapped down in a huge way, hitting my TP--and then some. I'll be waiting for an opportune time to short some more, perhaps after the gap has been filled...
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barkie
Jan 16, 2017 2:39am
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Quoting Devauxt
I would love to see Theresa May instigate a full public enquiry into the Lisbon Treaty. I think the EU elite would crap themselves and maybe then charges could be brought against Blair for misleading the public and wasting billions
It would be something if the unelected weakest leader ever of the UK would instigate any enquiry at all.

Dump that bugga and let the people democratically choose a real leader who can save the UK because it doesn't look good man and it doesn't look like it is going to be any better.

The Brits are sick of getting mugged off again and again.

Save the pound, make the UK a democracy !
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cuchuflito
Jan 16, 2017 1:15am
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From British Empire to Babana Republic.
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cuchuflito
Jan 16, 2017 1:17am
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British think their biggest problem is inmigaration flooding, nature thinks itīs global warming flooding.
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forexings
Jan 16, 2017 2:05am
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TF brexit huh! It's already done deal once but market paid twice for it. WTF brexit brexit again? lol
Suckers still trying their best to squeeze more out of that old & dead issue.
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Devauxt
Jan 16, 2017 2:30am
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Quoting Guest
Absolutely agree, there was always going to be a price for extricating Britain's illegal membership of the EU, whilst Italy, Spain et al may enjoy being German 4th Reich subjects Britain does not, the price this time round is considerably cheaper than !914-18 or 1939-45... Good on Theresa May !!
I would love to see Theresa May instigate a full public enquiry into the Lisbon Treaty. I think the EU elite would crap themselves and maybe then charges could be brought against Blair for misleading the public and wasting billions
Reply
Devauxt
Jan 16, 2017 3:03am
Permalink
Quoting barkie
It would be something if the unelected weakest leader ever of the UK would instigate any enquiry at all.

Dump that bugga and let the people democratically choose a real leader who can save the UK because it doesn't look good man and it doesn't look like it is going to be any better.

The Brits are sick of getting mugged off again and again.

Save the pound, make the UK a democracy !
It is interesting that you call for democracy in the UK when you don't have it in the EU. And before you respond back with your usual unresearched and blind EU diatribe, take some time to understand the Lisbon Treaty, before you once again display your ignorance of the EU
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Jedi9
Jan 15, 2017 6:06pm
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Volatile week ahead folks! Man your battle stations! Lol!
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Devauxt
Jan 16, 2017 1:30am
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Quoting cuchuflito
British think their biggest problem is inmigaration flooding, nature thinks itīs global warming flooding.
You won't saying that when Germany is renamed Germanistan
Reply
Devauxt
Jan 16, 2017 1:35am
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Quoting cuchuflito
From British Empire to Babana Republic.
Better a democratic nation than a powerless region within the socialist fascist superstate of the EU
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Trader#5E84
Jan 16, 2017 1:45am
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Quoting Devauxt
Better a democratic nation than a powerless region within the socialist fascist superstate of the EU
Absolutely agree, there was always going to be a price for extricating Britain's illegal membership of the EU, whilst Italy, Spain et al may enjoy being German 4th Reich subjects Britain does not, the price this time round is considerably cheaper than !914-18 or 1939-45... Good on Theresa May !!
Reply
Devauxt
Jan 16, 2017 3:52am
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Quoting Exodus
...that man so needs a slap!
The Nurses who attended his birth slapped his mother instead
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Trader#5E84
Jan 15, 2017 5:18pm
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Easy enough to get the GBP back up anytime.... just raise rates from their 464 year lows, oooops forgot, Carney's running show, how silly of me , GBP parity with the USD by April then !!
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