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Brexit Countdown

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  • 1 month later...

Updated Brexit timetable *now with added hurdles*. GBP remains at the mercy of every decision and announcement as there is a degree of pricing in of every potential scenario meaning that as various scenarios are scratched and others become more likely GBP positions will be adjusted.

(From ING)


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  • 3 weeks later...

Gove announces support for PM. This guy has shown remarkable poor judgement in the past, especially around his ill fated play for the PM position, this guaranteeing BoJo didn't get it and ushering in May's premiership.  Of course he has burnt his bridges with Boris so probably has no options, still he is the cockroach of UK politics...

I wonder if this is a case of outwardly showing support whilst behind closed doors brokering a deal with BoJo?  The end of May is nigh, what then?  At least in the UK parliamentary system it doesn't trigger an election.  This is the strongest form of Democracy in my opinion.  I wonder whether a change would be seen as a positive thing, at least temporarily?  A BoJo Premiership means a hard-line stance to EU exit, and quite likely a no deal exit given the time-frames.  I bet you this would be a Black Swan for the Eurocrats!

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  • 1 month later...

Morning all. Just to remind everyone the parliamentary debate is scheduled  to end at 1900 GMT with a vote taking place shortly afterwards (although some delay is likely). Be mindful of potentially increased volatility, changes to guaranteed stop levels, underlying market spreads etc. Happy trading. 

Any questions please just ask. 

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So this is the run down, courtesy of Reuters.

  • May's Brexit deal defeated by 230 votes
  • May's government faces no confidence vote
  • Results due at 1900 GMT Wednesday
  • Labour calls for a compromise on Brexit (Labour's finance minister-in-waiting, John McDonnell, said May could eventually get a deal through parliament if she negotiated a compromise with his party.)
  • EU divorce in disarray just 10 weeks before leave date
  • Bank of England's Carney to speak on Wednesday to lawmakers


question - why the hell are the Labs making this all about internal domestic politics and a power grab. Just work together FFS and do whats best for the country you bunch of mungaloidic-toss-pots.

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  • 4 weeks later...

Enjoyed this lively balanced debate on Brexit and deal or no-deal, lots of points covered and very interesting.

The only thing I would add, looking back to when the UK left the commonwealth to join the EU there was no deal. It meant a couple of tough years for Australia and New Zealand but they have never looked back since. It was the making of those two countries and I suspect the UK will see similar benefits from independence from the EU.

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  • 2 months later...

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