GBPUSD - Expect volatility
A vote of no confidence by Tory MPs against Theresa May will be held in one hour.
If at least 159 (out of 316) Conservative MPs speak out against the Prime Minister, she will be overthrown.
* A departure of Theresa May would have unpredictable consequences on the Brexit process and therefore drive cable lower by a lot....
* However, it appears, according to calculations of several British media, that the Prime Minister would win the vote in wich case GBP will find some short term strength.
** The result of this vote will set the tone for the coming days
If at least 159 (out of 316) Conservative MPs speak out against the Prime Minister, she will be overthrown.
* A departure of Theresa May would have unpredictable consequences on the Brexit process and therefore drive cable lower by a lot....
* However, it appears, according to calculations of several British media, that the Prime Minister would win the vote in wich case GBP will find some short term strength.
** The result of this vote will set the tone for the coming days
Komen:
20minutes left to vote
Komen:
3 waves up
Komen:
Komen:
Vote is out - Theresa May will stays
Komen:
If this alternate count is correct, we might see some lower prices in the next few days
Komen:
Think about taking profits on your longs
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
t.me/em16public