Daily Alert: Wednesday 27th February 2019

Mark NugentDaily Alert, Feb 2019

Daily Alert: Wednesday 27th February 2019

The major event yesterday was UK PM May’s announcement of a series of votes on March 12th. First, there will be a vote on her deal. This is quite neat at it puts pressure on the EU to conclude negotiations by 12th March instead of their plan to leave it until an EU summit at the end of March. The second vote, should the first fail, is to vote on a “no deal”. That will fail. The third vote is then to seek an extension to Article 50.

This whole shambles could be over by 12th March. How exciting. What will the journos do after that?

My S&P500 is knocked out for a gain of around 1.7%. My GBPUSD long from Monday is doing swimmingly. I will not let it go below today’s low, should it turn. That’s about 2.7 x risk banked.

What a great start to the year!

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