jrichens

No-Deal Brexit Coming - SHORT GBP/USD

Short
FX:GBPUSD   British Pound / U.S. Dollar
A NO DEAL BREXIT IS COMING

- 'they' don't want a deal, UK international
banking assets jump 10-20% on a devaluation.

- Thats a revaluation of £100bn-£200bn
onto UK banks books.

- Then all the short seller positions
Then banking deregulation

- We even avoid the EU tax cutdown law in Jan 2020

- Borish Johnson reiterates UK is leaving the EU on 31st October

- EU will take cue from Dublin, who have already said
non-starter deal

- First EU take on the deal is "cannot be serious";
"if this is the final offer then it is no deal"

- EU Lawmaker Lamberts says 'this does not bode well'
seems to be seeking a no-deal Brexit and wants to
blame the EU for this
Trade closed: stop reached: Huge volatility after PM Johnson comes out from meeting PM Varadkar touting huge positivity on a deal has cause a stop. Will look for re-entry above 1.25 potentially

Comments

Took a bit longer than I thought, but it's coming...
Reply
youre a I di ot aaaaa
Reply
@Pfay, No deal isn't off the table yet.. Big short squeeze has been happening here clearing out retail traders. I've actually re-entered GBP/USD short at 1.2655
Reply
@Pfay, See 1.269 black line we bounced off at top there, that is a nice re entry level
Reply
"Irish source reports good progress made on three issues with officials to take this forward, adding the Brexit taskforce engaged as a basis for renewed negotiations, according to The Sunday Irish Independent"
Reply
UK PM Johnson and Irish PM Varadkar say that there is a pathway to a possible deal; will continue to engage in discussions and a deal is in everyone's interest

UK Brexit Secretary Barclay will meet EU Brexit Negotiator Barnier tomorrow
Reply
jrichens jrichens
"Brussels is as much in the dark about the pathway to a possible deal, a source adds, if they have found a way it would be welcome, if it is a truce to string this out another week until EUCO we might be less enthusiastic"
Reply
EU Chief Brexit Negotiator Barnier says we are not in a position to be able to find a (Brexit) agreement with the UK
Reply
EU Commission President Juncker says the EU is not accepting the blame game started in London, doesn't exclude a deal and is working on one
Reply
Recent swing between 7:30am and 8:30am BST was due to some fake news being touted by the Times that EU was ready to make a major concession on Brexit deal by providing a mechanism for the Northern Irish assembly to leave a new Irish backstop after a set number of years.

However it was then announced that the EU is not about to make a bold offer to allow Stormont to exit part of the Brexit withdrawal agreement (Guardian's Rankin citing EU sources)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter