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How to trade the UK election

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57 minutes ago, Caseynotes said:

so the media (corrupt) keep telling us, but still wondering who killed Seth Rich.

The Clintons are evil and corrupt and so is Trump ... and so was Bush ... the point is, Trump is just another cheek of the same ****.

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On 18/11/2019 at 13:47, dmedin said:

GBP/USD - buy the dips!

EUR/GBP - sell the rallies!

 

:D

 

 

 

Well ...

 

That didn't work out so good.  OTOH, if the pound really falls then it means we are going to get a Marxist government - which I for one am looking forward to.

Edited by dmedin

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His party advocates a clean break from all EU institutions, a harder stance than that envisaged by Johnson, and is hoping to win seats from the opposition Labour Party that will allow it to put pressure on the Conservatives.

https://uk.reuters.com/article/uk-britain-election-farage/brexit-party-leader-farage-promises-to-continue-campaigning-idUKKBN1XW1FK

 

If England ends up with a Johnson-Farage revolution, that will be great for business and the pound ... no reason for such an enormous slide off the back of a small decline in flash PMI.

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Labour is closing the gap.  Probably because Blair opened his unhelpful gob and called Jeremy a 'Marxist-Leninist' :D

Well ... might not be good for the pound 😮

Edited by dmedin

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The pound fell against the dollar on Tuesday after several polls suggested that the Conservative party’s general election lead had narrowed.

A Kantar poll released on Tuesday suggested the Tory lead had shrunk from 18 points to just 11, while an ICM poll from late on Monday indicated that the gap between Boris Johnson’s party and Labour had fallen from 10 to 7 points over the previous week.

https://uk.finance.yahoo.com/news/pound-falls-as-conservative-party-lead-narrows-143043035.html

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Stormzy said it was important for voters to register by the end of Tuesday to vote.

 

“I will be registering to vote and I will be voting for Jeremy Corbyn,” Stormzy said.

“Boris Johnson is a sinister man with a long record of lying and policies that have absolutely no regard for the people that our government should be committed to helping and empowering.”

https://uk.reuters.com/article/us-britain-election-stormzy/stormzy-is-better-at-rap-than-politics-uks-gove-says-idUKKBN1Y00PO

😎

The pound is going to sink like a stone in water ...

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Britain Elects @britainelects

These estimates include 100,319 interviews conducted over 7 days up to and including 26th November.

image.png.baaaf26354706e89b94ac708abfa4a08.png

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Need to be careful what we wish for, a big Conservative majority means people like Jacob Rees-Mogg continue to enrich themselves at the expense of Britain's working people, and the continuing breakdown in the fabric of society 😢

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7 minutes ago, dmedin said:

Need to be careful what we wish for, a big Conservative majority means people like Jacob Rees-Mogg continue to enrich themselves at the expense of Britain's working people, and the continuing breakdown in the fabric of society 😢

that's right and Chavez's Venezuela is a shining example of what Corbyn might achieve if only voters would give him a chance 🤔

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Even though Conservatives are in the lead one of our Analysts, Josh, wrote a piece on Labour manifesto: stocks to watch. It's a really interesting read on what could happen based off key promises Labour has made that could significantly impact investors and traders. 

image.png

Our TV team have also created a TA piece on sterling which I will post in here as soon as it's ready. 

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Jeremy Naylor has created a short clip following the polls yesterday but it's interesting to see Sterling price action against other currency. 

 

Just a little reminder that IG will be live at 6am GMT on Friday 13th December following Thursdays vote. 

 

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1 hour ago, Caseynotes said:

that's right and Chavez's Venezuela is a shining example of what Corbyn might achieve if only voters would give him a chance 🤔

 

Hence neither of them really deserve a big majority.

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Long the pound is the only thing I can say :D

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https://uk.reuters.com/article/uk-britain-election-poll-icm/johnsons-conservatives-maintain-7-point-lead-over-labour-icm-poll-idUKKBN1Y61KA

 

BoJo needs to release a few more maniacs from the prisons and asylums to whip up the public against Labour.

On the other hand, if Labour wins and implements a tolerably Marxist regime we won't need to trade because money won't be so important.  One can dream!

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