Live Daily Alert and Q&A Webinar: 13th March 2019

Mark Nugent Daily Alert, March 2019, Q&A Webinar

Daily Alert: Tuesday 12th March 2019

Third consecutive risk-on day today. Equities looking nice. Some good setups developing.

The GBP gets hit yesterday as the “new” meaningful vote unravels. But there is buying pressure towards yesterday’s close, saying to me it’s more profit taking rather than the vote (Gov lose) being seen as a disaster. The GBP rises again today as we approach the No Deal vote.

The motion is passed, with the Spelman amendment which means never leaving without a deal on any timescale (although this is just Parliament’s view). The law still stands – we leave on 29th March with no deal. Although clearly this will not now happen. What a palaver.

Tonight I’ll be looking at equities, managing my second GBPUSD long and wondering if this was a good week to give up wine.

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