Trading Plan – Monday 12th October 2020: Crunch week for Brexit trade deal

Mark NugentOct 2020, Trading Plan

Trading Plan – Monday 12th October 2020: Crunch week for Brexit trade deal

Markets are quiet as we begin the week with the US on holiday for Columbus Day.

It’s crunch time (maybe) for the post-Brexit trade talks as we approach PM Johnson’s self-imposed deadline this Thursday, 15th October when the European Council Meeting starts.

Interestingly, the Bank of England has asked institutions to report their readiness to handle negative interest rates. It is important to note that the Bank is not asking for any action, just for the current state of readiness to be reported. However, clearly there are those on the Monetary Policy Committee who see negative rates as a useful tool to add to the arsenal should the economy fail to recover, which I am afraid is likely.

As always, I discuss this and my trading themes in the VIP Club members area.

Brief videos for Trades 54 to 57 are also in the members area, under the “Trades” tab.

I’ll be back on Wednesday.

Happy trading.

The VIP Club members area is HERE