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FTSE and Brexit

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Ftse and gbpusd at the mercy of Brexit headlines not stopping retail holding net short since the end of Jan. Currently IG 64%, FXCM 67%.

 

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Very interesting article in the FT today. https://www.ft.com/content/ba397da4-5ca2-11e9-939a-341f5ada9d40

Key takeaways are

  • Brexit unease continues with more and more coming out from British centric ETF funds
  • $304m more taken out last week bringing total to about £25bn in outflows
  • the most important quote...

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  • looks to me its a case of 'look out and hold on' if you're going long maybe thinking about pulling in those stops
  • good luck :P 

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