Daily Alert – Thurs 18 July: GBP strengthens on Parliament Brexit vote

Mark NugentDaily Alert, July 2019

Daily Alert – Thurs 18 July: GBP strengthens on Parliament Brexit vote

The GBP’s fall is halted by the Lords and then the Commons voting to bar prorogation and the forcing through of a no-deal Brexit. I explain in the video how I managed that trade, which closed this morning for around +1.7%.

There was a bad employment miss in Australia. We shall await and see what effect this has on the RBA’s stated desire to take a “time-out” from rate cuts.

The “pull-back” in US equities may be over – I am watching it closely. Also, the Japan225 has fallen significantly, giving great pricing for a long when the time is right.

Have a great weekend when it comes and I’ll be back on Monday.

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