Brexit: Brinkmanship Or Serious Deadline?
We have a new Brexit negotiation deadline. So, the question now is whether the new Sunday deadline for Brexit talks will be any different than all the other previous ones that have also come and gone? Probably not. But things are getting more serious as we move towards the end of the year.
----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co
-----
I know what you’re thinking, and yes, we’re still talking about Brexit. So, what’s the latest? Well, we had some face-to-face talks between the big guns this week but didn’t really bear any fruit, so the can was kicking down the road to today (Sunday 13 Dec 2020).
Right now, everybody and their dog (or cat if you so prefer) thinks we’ll get a deal, and even though I’m also in that camp, the biggest risk right now would be either side sticking to their guns and actually walking away from trade talks.
According to ING investment bank they think the GBP has an asymmetrical risk right now, explaining it has limited upside in the case of a thin deal as a lot of optimism is already in the price, but it has profound downside potential in the event of a no-deal.
So, what does that mean for us as traders and how can we navigate the Pound this week? We’ll explain all that and also go through various tradable scenarios in our week ahead video.
----
Highlights of the video:
00:27 – Current Baseline
02:08 – Baseline expectations for the upcoming risk event
06:43 – Sentiment Shifts & Trade Plan
----
If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below were you can learn more about it
https://financialsource.co
----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co
-----
I know what you’re thinking, and yes, we’re still talking about Brexit. So, what’s the latest? Well, we had some face-to-face talks between the big guns this week but didn’t really bear any fruit, so the can was kicking down the road to today (Sunday 13 Dec 2020).
Right now, everybody and their dog (or cat if you so prefer) thinks we’ll get a deal, and even though I’m also in that camp, the biggest risk right now would be either side sticking to their guns and actually walking away from trade talks.
According to ING investment bank they think the GBP has an asymmetrical risk right now, explaining it has limited upside in the case of a thin deal as a lot of optimism is already in the price, but it has profound downside potential in the event of a no-deal.
So, what does that mean for us as traders and how can we navigate the Pound this week? We’ll explain all that and also go through various tradable scenarios in our week ahead video.
----
Highlights of the video:
00:27 – Current Baseline
02:08 – Baseline expectations for the upcoming risk event
06:43 – Sentiment Shifts & Trade Plan
----
If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below were you can learn more about it
https://financialsource.co
