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

A short lived short squeeze? Sterling is undoubtedly benefitting from a short squeeze. Traders on net had increased positions that benefit from Sterling’s demise leading into the budget. Depending upon the participant’s persuasion, that could have meant gaining an outright short exposure to the currency or, in a more mild form, trimming any or all […]
Sterling slides Sterling took a leg lower ahead of the European open yesterday. Despite some tentative signs of recovery, GBP was still unable to claw back losses incurred during yesterday’s session. Before we cover the cause and implications of yesterday’s stumble amongst GBP crosses, let’s look at why the Pound was set up for a […]
A new record The daily traded FX volume has always made other markets such as equities or fixed income look relatively puny. The figure quoted would change from year to year or depending upon the source it was derived from but usually landed in the order of a few trillion dollars per day. This year, […]