More noise coming from the UK with May and Corbyn attempting to find common ground at the 11th hour.
A way forward could involve accepting a permanent customs union (something Labour have advocated for a long time). This is not without risk for TM as it will split her party in two. The hard Brexiteers are clearly upset and may even vote against the government with no confidence if we see a May / Corbyn combo.
Any plan will need to be build on the W.A which will upset the DUP. The Brexiteers and DUP have some thinking to do, the forcing of hands to support May’s deal is underway whilst the DUP risk losing power via the May / Corbyn combo.
Whilst yesterday’s developments are perceived as positive for GBP, no deal remains in the spotlight and is under priced across most valuations. I am actively building more positions on the sell side in the UK.
Thanks all for the support in Tradingview with likes and comments for those wanting to further the discussion.
A way forward could involve accepting a permanent customs union (something Labour have advocated for a long time). This is not without risk for TM as it will split her party in two. The hard Brexiteers are clearly upset and may even vote against the government with no confidence if we see a May / Corbyn combo.
Any plan will need to be build on the W.A which will upset the DUP. The Brexiteers and DUP have some thinking to do, the forcing of hands to support May’s deal is underway whilst the DUP risk losing power via the May / Corbyn combo.
Whilst yesterday’s developments are perceived as positive for GBP, no deal remains in the spotlight and is under priced across most valuations. I am actively building more positions on the sell side in the UK.
Thanks all for the support in Tradingview with likes and comments for those wanting to further the discussion.
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A shame we did not get a fill here on the entry.
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We'll leave this pending till the European session tomorrow incase we get a spike.
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Still no fill. We opened up a fresh call for these Pound flows in GBPJPY, by now all can see the move we were trying to trade here:
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Tough luck for not getting filled in the GBPUSD idea. No surprises we are sitting at the 1.309 target area for the London close.
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A quick update for GBPJPY
