I really hope you are right. It will get bad for people, deal or no deal. The only question, how bad and for how many people.

Cable Update (GBPUSD)

It's difficult not to worry. And I worry about much worse scenarios.

Cable Update (GBPUSD)

If yesterday's scenario repeats today, then we will see consolidation between 1.336 and 1.338, then sprint to 1.34, then drop. Just one to keep in mind.

Cable Update (GBPUSD)

You can't appreciate how badly we are prepared for "real" Brexit that starts in less than a month, and how incompetent our government is. I am well aware of the danger of overestimating one factor (e.g., dollar weakness may still play a major role ...

Cable Update (GBPUSD)

Maybe, but only for a short period of time. Our economy will struggle mightily come 2021 deal or no deal.

Cable Update (GBPUSD)

For the first time in a few weeks, I think a Brexit deal is more likely than not. Johnson had a perfect chance to declare no deal on Sunday and did not do it; probably he came to a conclusion that no deal will cost him more politically. Also, the ...

Cable Update (GBPUSD)

Congratulations on a very good trade and a very good year (I suppose)! Have a nice holiday!

Cable Update (GBPUSD)

Big weekend gaps usually are not transformed into something significant as markets open. So 20-30 pips gap possible, more would come as a surprise.

Cable Update (GBPUSD)

No deal is not great for Europe, but so far, E/U did not really move on any Brexit-related news.

Cable Update (GBPUSD)

Well, they did kick the can. How surprising. url

Cable Update (GBPUSD)

Johnson holding cabinet meeting Boris Johnson is reportedly holding a conference call with cabinet - a move that something noteworthy has taken place in the call between himself and Ursula von der Leyen So, something has happened.

Cable Update (GBPUSD)

Well, sort of. But the situation is changing every day, and political choreography requires that there is a specific cabinet meeting before such a decision is taken. Which is why I think they will kick the can again today.

Cable Update (GBPUSD)

Most likely, the talks will continue. There was no cabinet meeting before the call, and I don't think Johnson can make a "no deal" decision alone.

Cable Update (GBPUSD)

I think you misread the situation here (along with the markets). Food shortages, inflation, unemployment, etc. will happen, deal or no deal. The terms of exit are in any case such that economy will be hit hard; the choice is between "very hard" and ...

Cable Update (GBPUSD)

Fishing is the only leverage UK has. (Which of course is funny remembering Brexiteers saying "we have got all the cards"). They are trying to make as much of it as possible, to get concessions on the level playing field. But I just can't see the ...

Cable Update (GBPUSD)

Maybe market views them as 50/50, but reality is, chances for a deal are almost non-existant at this stage. However, politicians may declare some progress and continue talking (aka kick the can), which would be positive for pound short-term.

Cable Update (GBPUSD)

People here still talk about positives of Brexit... wake up already. The biggest crisis (economical, social, political) since WWII is coming, brace for impact.

Cable Update (GBPUSD)

It won't be like this I think. The decline will be gradual, maybe slow, maybe chaotic, but relentless.

Cable Update (GBPUSD)

Yes, I expect this as well. But still many scenarios possible here, although none of them good.

Cable Update (GBPUSD)

Big boys may deliberately wait to drop the price over the weekend, although I doubt it. The gaps are not usually big for GU. I am holding my short over the weekend however, as I don't see much upside anyway (and would be able to hedge through IG ...

Cable Update (GBPUSD)