A quiet past 24 hours, all things Sterling included even though we now have at least some idea of ‘’what happens next’’ on Brexit. Risk sentiment has been (very marginally) impaired from reports that a Trump-Xi meeting is looking unlikely before late April at the earliest. The US Dollar is weaker in DXY terms but this is largely on the back of the peeling back of the big New York afternoon Sterling gains on Wednesday, most of which occurred during our morning yesterday. The Euro closed unchanged at 1.1310. On Brexit, the motion that has won approvals in the House of Commons last night is the one proposed by the government itself and which now gives it the authority to request two things of the EU. One is a short extension of Article 50 (through no later than June) in the event that at the third time of asking (next week) Prime Minister May manages to secure parliamentary support for her Withdrawal Agreement. The second, if this fails, is that the government would seek a lengthier extension ‘’ to allow for the formulation of a new Brexit strategy’’ with an understanding this would likely mean the UK having to participate in EU elections scheduled for late May.
To mark my 1800th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoblecom for details
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