If there are any Remainers out there who are trying to take Eurostar this week: in the event that there is R2 or a second referendum (unlikely in our view) my hunch is that they will vote Leave this time!
Apart from wanting more money(so?) French customs officers are striking to “demonstrate the chaos in the event of a NoDeal Brexit” You have just got to love those French! Meanwhile Eurostar is experiencing 5 hour delays (if travellers are lucky.)
That’s why the Swiss should run ALL railways… always!
Oil WTI at $59 was another firm day for Oil traders. Gold back over $1300- just. GBP weaker on the back of the UK Speaker’s decision not to permit another Parliamentary vote on the same motion. While Remainers cheered that that reduced the chances of the UK leaving any time soon, there is more of a whiff of panic on the part of those who voted down the motion and now want to change their minds. FTSE liked all this and closed at 7300. Dow stronger at 25,914.
Discussion and Analysis by Humphrey Percy, Chairman and Founder

Delayed fuse Last night’s Federal Reserve decision held all the potential requirements for a momentous occasion. Markets had been ascribing a high value to the event with options pricing suggesting the decision posed a significant risk towards exposed assets. Ultimately, the potential swan song publication of Chair Jay Powell passed without incident. Claims from some […]
Cancelled Travel Plans No, this time not because of the impending jet fuel crisis threatening continental travel as we discussed yesterday. Instead, I’m referring to the grounding of Vice President Vance whose trip to Islamabad, Pakistan was cancelled on Tuesday to avoid embarrassment. The Vice President was expected to travel on Tuesday to resume talks […]
Sterling defence Options markets are flashing warning signals for Sterling. It’s no secret that the forthcoming Bank of England monetary policy decision later this week poses a risk for the Pound. However, there are risks mounting further afield. The local elections on May 7th are a material risk for GBP, for example, with traders concerned the […]