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UK ELECTIONS 2017

AmDiab
Jun 27 2017 at 10:56
718 posts
ANSHU870 posted:
what happen on monday opening. it is up or down ??


You already got your answer! Actually, these types of news events are too much critical! Only good skilled Forex traders are able to understand the actual movements of market! By the way, right now I am with EUR!

snapdragon1970 (snapdragon1970)
Jun 27 2017 at 12:31
1944 posts
There was a bullish hint earlier this morning at London open.

"They mistook leverage with genius".
ZacThePac
Jun 29 2017 at 13:48
11 posts
mlawson71 posted:
Forex_Villa posted:
Kind of expected it will be a hung parliament but never knew the retracements were so weak and GBP is still under pressure.


Wait until they actually do start working on Brexit, the pressure will only increase, I think.



Brexit negotiations are going to be a nightmare. The GBP could super volatile for 2 years as every politician wants to say something positive or negative about how they are going

BaldoN (BaldoN)
Jun 29 2017 at 14:08
522 posts
As per my opinion, the end decision has been taken and already calculated in the price. The movement and volatility around different point of negotiation most likely will have similar to the 'news' effect over the sterling in crosses.

mlawson71
Jul 01 2017 at 11:56
1487 posts
ZacThePac posted:
mlawson71 posted:
Forex_Villa posted:
Kind of expected it will be a hung parliament but never knew the retracements were so weak and GBP is still under pressure.


Wait until they actually do start working on Brexit, the pressure will only increase, I think.



Brexit negotiations are going to be a nightmare. The GBP could super volatile for 2 years as every politician wants to say something positive or negative about how they are going


Those are my thoughts exactly too. I don't know how am I going to trade the GBP, I might even avoid it altogether. It depends.

snapdragon1970 (snapdragon1970)
Jul 01 2017 at 13:45
1944 posts
BaldoN posted:
As per my opinion, the end decision has been taken and already calculated in the price. The movement and volatility around different point of negotiation most likely will have similar to the 'news' effect over the sterling in crosses.


We've never had a brexit before though, prices can be calculated for other events because they've happened before, two other things effecting the UK, inflation and wage growth .

"They mistook leverage with genius".
MyNewBank
Jul 04 2017 at 10:07
15 posts
Both of those indicators are pointing towards a recession in my view. I have a very dark out look for the UK over the next few years

mlawson71
Jul 11 2017 at 09:36
1487 posts
MyNewBank posted:
Both of those indicators are pointing towards a recession in my view. I have a very dark out look for the UK over the next few years


I agree. I think the question is how long that will last before the UK begins to recuperate.

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