Thursday November 8, 2018 - 11:11:46 GMT
Share This Story
Global-View.com - www.global-view.com
Brexit: The Northern Ireland Dilemma
The following is a post from the GVI Forex forum by one of our long time, highly respected members on the Brexit/Northern Ireland dilemma.
Dillon AL 23:24 GMT 11/07/2018 - My Profile
re FF Dubai MA 16:00 GMT 11/07/2018
Any Brexit news out hitting gbp?
There was plenty of Brexit news last half dozen plus hours.
Northern Ireland where The EU Princes without actually saying it are trying annexe it into The Republic of Ireland or as it used to be known Southern or even just plain Eire or even The free State or perhaps just the 26 counties. The North do not want to be part of the South and anyone who says different has not lived in The Shankill Rd of Belfast or else they would understand.
Europe has absolutely no concept of what The UK enacted upon The Republic pre 1922 nor what the Irish enacted with their IRA bombing of England in much more recent memory.
Ireland is divided with an open border and that potentially leads to unfettered access to the rest of The UK. IE it becomes a backdoor for everything from untaxed goods to illegal immigration.
You just cannot have The North remain in The EU Customs union without the rest of the UK and and IF it were thus agreed The EU don't want to allow The UK to exit unilaterally. This in a nutshell is the only genuine stumbling block apart from Barnier making naff comments about nothing has been put on his table from the UK side so he cannot agree to anything and that therefore this leaves division. IE Proving the point that he is not negotiating.
ADD in Varadkar comments not just 6 hours ago Brexit deal in November becoming 'less likely', warns Varadkar and you have the news headline that The Algo was looking for to knock the GbpUsd back from the base of 1.32.
It would seem to me that the October deadline has been pushed back not just to November but Dec 20 when by default that becomes almost the last chance before The Christmas Parliamentary Recess.
Everything says that once we arrive at the final tick tock hour whatever that happens to be that a deal will be forthcoming and that's why after last Thursdays 200+ pip rally has created the conditions for further appreciation and BTFD mode. Chances are we get an inside day over the next 24 hours and then we have the conditions for a trade that fades the move
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."