Brexit delay mispricing
On the Brexit front we have political photoshoots taking place today with PM May meeting Chancellor Merkel and President Macron ahead of the summit.
Brexiteers are becoming fatigued and can feel their hands being forced as we widely anticipated. The probability of passing the withdrawal agreement before 10th April is just 15% so kicking the can is very likely back to our infamous loading zone.
For those followers outside of the UK it may seem puzzling why the political system in the UK has no traditional cross-party solutions. Even if May and Corbyn find common ground, they will still need to sell the deal to the backbenchers which is easier said than done.
If you are not already loaded on the sell side from the "loading zone" the trading opportunities left here is either to trade the breakdown or wait for a "kick the can" back to our value areas.
Thanks for all the support with follows, likes comments and etc .. keep them coming!
Brexiteers are becoming fatigued and can feel their hands being forced as we widely anticipated. The probability of passing the withdrawal agreement before 10th April is just 15% so kicking the can is very likely back to our infamous loading zone.
For those followers outside of the UK it may seem puzzling why the political system in the UK has no traditional cross-party solutions. Even if May and Corbyn find common ground, they will still need to sell the deal to the backbenchers which is easier said than done.
If you are not already loaded on the sell side from the "loading zone" the trading opportunities left here is either to trade the breakdown or wait for a "kick the can" back to our value areas.
Thanks for all the support with follows, likes comments and etc .. keep them coming!
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