Brexit and GBP
in war plans are one thing until they meet the enemy
in this case "nominating" farage does not mean he would get "approved"
Boris Johnson to sabotage EU if forced to delay Brexit
6 OCTOBER 2019 • 6:16AM
Boris Johnson would veto the EU’s seven-year budget and send a Eurosceptic commissioner to Brussels to “disrupt” the bloc’s workings if he were forced into a Brexit delay, under plans being discussed by ministers.
Senior Government figures are considering a series of proposals to “sabotage” the EU’s structures if Brussels refuses to agree a new deal or let Mr Johnson deliver Brexit without one.
Two Cabinet ministers told this newspaper that they were among those backing a more “aggressive” approach towards Brussels.
It is understood that plans under discussion include blocking the EU’s 2021-27 budget, which is due to be agreed early next year,
Cable broke thru 21 dma down to 1.23 but the bounce has taken it back above (ya snooze ya lose) - a close above the 55 ema would be unhelpful
GVI Forex10:57:07 GMT - 09/26/2019
GBP got a lift after Johnson said he is convinced Brexit will take place on Oct 31 and there is a good chance of getting a deal done despite the Benn act.
Offsets out of a dip in EURGBP sent EURUSD briefly through 1.0926
Mtl JP 07:36:12 GMT - 09/26/2019
GBP 1.2350 - boris the gift
keeps on giving
Mtl JP 00:54:06 GMT - 09/26/2019
so to answer your qtn :
carney and his gang will intervene when gbp low enuff
will support GB brexit and threaten carney's globalist agenda
Mtl JP 00:43:45 GMT - 09/26/2019
nh 20:20 ---- IF ... If ... if ... BoC under Carney is PRO-Britain...
ALL the tumble it can muster ... coz as our esteeed gatekeeper with a "degree in economics and an MBA in finance" prognosticated "it does not take a brain surgeon to identify a remedy for the economy"
Livingston nh 20:20:28 GMT - 09/25/2019
In the current environment in UK how much of a tumble in Pound would it take to trigger BoE intervention?
Livingston nh 17:49:52 GMT - 09/25/2019
UK PM has just offered the POISON Chalice (No Confidence vote) to Corbyn -- why should Johnson resign and make it easy for the opposition? // see if there any takers -- after 3 years everybody still wants a deal - ah but only THEIR deal
Livingston nh 11:39:27 GMT - 09/25/2019
Mildly rising 55 ema is the next target for Cable - there was a shelf of support here before Cable launched to 1.25 // the battle is joined this afternoon in parliament - Court went out of its way in each appearance to insist that the Prorogation cases were NOT about Brexit -- But, of course they were
Can Boris rope-a-dope the system for five more weeks?
TICK TICK (but we've been here before)
Mtl JP 10:18:13 GMT - 09/25/2019
100 day now at 1.2455
GVI Forex Jay Meisler 12:33:48 GMT - 09/24/2019
GBPUSD bounced off the AT line at 1,2490 (see chart). This is no coincidence as its lines are Amazing and the patterns it forms even better (called the u=turn off the liow earlier).
See the form in the right sidebar if you are looking for a way to STEAL PIPS from the market =>>>
Richland Mailman 12:20:22 GMT - 09/24/2019
Fearless forecast - 1.2500 within reach. But due to the Head and Shoulders formation, price may stall, down again to 1.2460/70 then resume uptrend.
Mtl JP 11:18:57 GMT - 09/24/2019
boris to yak soon
Richland Mailman 11:15:20 GMT - 09/24/2019
Our honest view on the beast, unless there's a major backbreaking news to the contrary, a double bottom in place and with 1.2430 acting as support, we have shifted our bias now to BUY.
Mtl JP 11:00:57 GMT - 09/24/2019
sofar 1.2460 is relevant
if only for scalping
Livingston nh 10:56:26 GMT - 09/24/2019
"The palace is unsurprisingly being very tight lipped on this. When the ruling came down from the Scottish Court of Session, the only word from a palace source was, “the Queen acts, and has acted, on the advice of her prime minister”....
But talk of embarrassment, having an Order in Council, an act by the Sovereign, declared unlawful by the court, null and void and having no effect – I’ve been looking through the precedents and I can’t find a precedent." J. Dymond royal correspondent BBC
Livingston nh 10:34:46 GMT - 09/24/2019
it's not British politics - the Court bases it decision on a slender reed and The majority of Parliament applauds Democracy (a non legal concept) - so the COURT has taken a power of review where it never went before - it doesn't seem like much of a change to the HAPPY Parliament BUT there is now a precedent -- Judges love PRECEDENT and it leads to expansion
Mtl JP 10:24:55 GMT - 09/24/2019
only that the pre-ruling longs hae bagged their gains
and are a bit richer
Boris said he is not resigning so maybe he ll drop some new tactic to neuter parliament
Minneapolis DRS2 10:23:37 GMT - 09/24/2019
nh...the camel's nose? Please explain (for those of us who don't know British politics).
Livingston nh 10:22:30 GMT - 09/24/2019
Jp - I think the odds of a crash out have improved -
Mtl JP 10:19:54 GMT - 09/24/2019
GBP bias-wise: what has changed
- anything ?
Livingston nh 10:18:57 GMT - 09/24/2019
Parliament will rue this day - the camel's nose is in the tent
jkt abel 10:12:51 GMT - 09/24/2019
now the queen is dragged into this, will Buckingham make a statement?
Minneapolis DRS2 10:09:27 GMT - 09/24/2019
I'm no expert on British politics, but it would seem to me that it is bad form to make a ruling that goes against the queen...like it would diminish the authority of government somehow.
London Trader 10:08:52 GMT - 09/24/2019
Still stuck 1.24-1.25 but Boris takes a beating.
Livingston nh 10:07:41 GMT - 09/24/2019
Now do the "winners" have the nerve to call No Confidence vote?
Livingston nh 10:05:27 GMT - 09/24/2019
The BIG loser in this is the Monarch - w/o a by your leave the Court has neutralized the Power of Prorogation
Mtl JP 09:56:22 GMT - 09/24/2019
Telegraph : "Johnson says he will not resign over Supreme Court decision and tells critics 'donnez-moi un break'
Mtl JP 09:53:26 GMT - 09/24/2019
also "void and of no effect" ...
Livingston nh 09:53:12 GMT - 09/24/2019
Start building a short -- chaos as Bercow has his day
Supreme Court should toss this like the Lower Court but Scotland decision was a problem -- politics destroys a Court's credibility // no winners here
Livingston nh 09:06:46 GMT - 09/24/2019
Cable 1.26 or 1.23? See if Supreme Court can stitch together A FUDGE -- Hard Cases make BAD law
GBP/USD just below 89 ema // EUR/GBP 8838 may see reaction above 89 or below 88
Livingston nh 12:51:32 GMT - 09/23/2019
I still think the EU will throw the Irish under the bus if the UK offers any reasonable solution -- the Backstop is a foolish reason to blow up a deal (ah, but our principles)
Mtl JP 12:42:59 GMT - 09/23/2019
barnier = gift that keeps on giving
GVI Forex12:31:04 GMT - 09/23/2019
EURGBP higher (EURUSD uo, GBPUSD down)
Barnier says UK proposals on the border are unacceptable.
Mtl JP 12:16:31 GMT - 09/23/2019
89 EMA ... 100 day ... d3vil's choice and equally good
most important is trading discipline
GVI Forex12:15:45 GMT - 09/23/2019
UK court ruling will be reported tomorrow at 10:30 BST
Livingston nh 12:11:34 GMT - 09/23/2019
JP - if Cable stays under the 89 EMA I'll nibble today BUT if the Court decides against the Government there may be a pop higher on Brexit cheer (a chance to sell higher) - of course I may miss a wipeout down move
Mtl JP 12:01:20 GMT - 09/23/2019
nh 10:49 100 day at 1.2466
what more do u need
Singapore SC 11:20:48 GMT - 09/23/2019
Livingston nh 10:49:52 GMT - 09/23/2019
Cable is waiting on the Supreme Court -- most be an interesting debate // no winner on this one
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