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

One in three Until recently, the market had held the probability of a rate cut at the Bank of England’s November meeting at near zero. Above-target inflation and insufficient evidence of faltering economic growth alone suggested the BoE would continue to adopt a wait and see approach. Combine that with the uncertainty of the UK […]
Grinding lower The key currency pairs of GBPUSD and EURUSD continue their slow but consistent grind lower. This story is not just one of dollar strength but also a rotation away from GBP and EUR, in favour of safe havens. Under performance in global equity markets continues to be a factor behind the market’s general […]
A glimmer of (European) hope The ECB has made significant progress in cutting rates towards an accommodative level. The Eurozone saw evidence of cooling inflation much sooner than many economies and has been able to respond accordingly, cutting the deposit rate to 2%. The ECB will meet again this Thursday to publish its latest monetary […]