Brexit
- Thread starter Zr1Trader
- Start date
??? Bookie makes it on the spread, they are not known for in depth political analysis.
They are providing liquidity at the wrong price IMO
Zr1trader,
Did that vote today have any impact on the markets because I watched a very strong down movement in Forex GbpUsd today.
Yes, I've been monitoring the release of the latest brexit polls on twitter breaking news feeds, bloomberg news ect and the past couple releases of polls have surprised folks because the leave side has gained traction. The pound has sold off on two different occasions immediately following the last two big polls being released on the major news wires.
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In the end it doesn't make any difference. The housing market needs to collapse 60% to revert to the mean, central banks have been flooding the system with money, ECBs desperate attempt to buy junk corporate bonds.
Having spent time in Brussels it's the most ridiculous place, MEPs having dinner in the top restaurants with their "secretaries", then the place empties at the weekend to go back to "normal" life!
Only the English are stupid enough to follow the rules, even the Dutch turn a blind eye to smoking in bars, no-one cares. Received some analysis from smart people, non-EU European countries all have higher GDP than Germany, France, et al. Productivity in large enterprises has been declining since 2012 and getting worse, so unemployment falls, the lower the productivity the more people you need to do the same job.
It all needs to normalise, leave, stay, makes no difference, GBPUSD daily will tell you why there was a sharp move yesterday. The volatility was there anyway, we've now moved to very flat and extreme fat-tails, it averages out but most can't handle the swings, it's fun to be part of though!
Having spent time in Brussels it's the most ridiculous place, MEPs having dinner in the top restaurants with their "secretaries", then the place empties at the weekend to go back to "normal" life!
Only the English are stupid enough to follow the rules, even the Dutch turn a blind eye to smoking in bars, no-one cares. Received some analysis from smart people, non-EU European countries all have higher GDP than Germany, France, et al. Productivity in large enterprises has been declining since 2012 and getting worse, so unemployment falls, the lower the productivity the more people you need to do the same job.
It all needs to normalise, leave, stay, makes no difference, GBPUSD daily will tell you why there was a sharp move yesterday. The volatility was there anyway, we've now moved to very flat and extreme fat-tails, it averages out but most can't handle the swings, it's fun to be part of though!
betfair is an exchange, punters set the odds
what'd I say?