march, 2019

12marAll DayBrexit(All Day: tuesday)

Event Details

Brexit continues to dominate the news. But traders and businesses are wary because of the uncertainty.

What happens if Theresa May can’t get the deal through the Commons?

It is hard to say for certain. There are number of possible scenarios, including:

Leaving the EU without a deal
Another EU referendum (this can only happen if the government brings forward legislation to hold one and a majority in the Commons supports it)
A general election – Labour’s preferred option but it would need a no-confidence vote in the PM to be passed
MPs could take control of the Brexit process from the government
Some of these options would involve delaying the official Brexit date of 29 March by a few months to allow time to renegotiate a deal, if the EU agrees to that

Trading in the GBP and its crosses remains risky at best – Single random comments are creating large swings that can easily take out your stop losses.


All Day (Tuesday)

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