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Sceadagenga
Jul 12 2016 at 12:53
83 posts
Theresa May has said that Article 50 will not be invoked until New Year.

Europe needs as good a trade deal with the UK as it can get.

We are a net importer of goods. Impose unfair tariffs and their market will also disappear.

The likes of Audi, VW , Peugeot etc will not want it made difficult to export their product to our shores and the same goes for the importss that the EU wants.

It is a 2 way street without the vast cost of EU membership.

Hopefully all the negotiating ministers will see sense to compromise where required and make our Brexit quick.


snapdragon1970 (snapdragon1970)
Jul 12 2016 at 17:54
1944 posts
If we take a look at other models that work outside of the EU you can see the positives and negatives of each.The EU will act like it's in the driving seat not the UK.A hard line has to be invoked otherwise other countries will follow.

"They mistook leverage with genius".
Sceadagenga
Jul 13 2016 at 09:48
83 posts
I think the whole Brexit crisis was handled very badly.

The good ole USA interfering. Us Brits kicked back. Now the US wants to invest in the UK with a 'Boeing' maintenance facility.

The EU not doing enough to ensure continuing UK membership. The Brits kicked back for being neglected. Juncker is not a Brit fan and did nothing to stop the calamity. I have a lot of european friends in european countries who are saying they envy the choice we had and made.

The Labour Party did nothing to influence the vote. The Brits kicked back. Not one remain campaign run in my Northern Industrial and major importing town.

The Conservatives & Liberals did very little thinking it was in the bag. The Brits kicked back yet again.

I hope if the EU plays tough then we do too. If not then we have the mandate now to trade with India, China, Canada and all the other countries that find EU conditions so restrictive but are emerging economies.

As for the markets well they will stabilise when they see that the UK is just as viable as it has always been.

snapdragon1970 (snapdragon1970)
Jul 13 2016 at 16:04
1944 posts
You might want to look at Aswath Damodaran Brexit on ytube and

"They mistook leverage with genius".
paidsignal
Jul 14 2016 at 11:43
78 posts
The EURUSD had another indecisive movement yesterday. The bias is neutral in nearest term probably with a little bullish bias. It’s been a boring three weeks since the Brexit. The market is consolidating and moving sideways but as long as stay below 1.1200 I still prefer a bearish scenario targeting 1.0700. On the downside, we need a clear break below 1.1000 to continue the bearish scenario.

mlawson71
Jul 17 2016 at 11:50
1487 posts
Right now nothing is certain, unfortunately. There has been a rather tight range since Brexit and there's no indication it will end next week.

csc2009
Jul 17 2016 at 22:11
834 posts
Eur/Usd continue trading between 1.1000 and 1.190 for last 3 weeks without showing a clear direction, the pair currently further to 1.105 zone, giving dollar's strength, we might expect risk remain downside next week.

snapdragon1970 (snapdragon1970)
Jul 19 2016 at 16:40
1944 posts
If we get a break below 1.1000 mark,I'll think about trading,other wise trading around data releases.

"They mistook leverage with genius".
snapdragon1970 (snapdragon1970)
Jul 20 2016 at 08:27
1944 posts
We got a break through the 1000 level,990 looking for further downside ,it's doubtful we will hit brexit levels but I'll be keeping a close eye ,news will be the driver for any nice moves.

"They mistook leverage with genius".
snapdragon1970 (snapdragon1970)
Jul 21 2016 at 11:24
1944 posts
ECB meeting shortly at 1.30 ,this will be the first after Brexit,it's doubtful much will change because of the short time period,more reassuring if anything.Any swings in either direction could present opportunities for scalping.

"They mistook leverage with genius".
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