RE: Onwards29 Jan 2019 12:44
Nice one guys! Fantastic swing trade for some, given the speed and timing. And now that everyone is looking at the UK politics again, i always enjoy the daily sum-up on this site:
"Equity markets in London had extended gains by midday on Tuesday, with defensive stocks on the rise as investors eyed the second parliamentary vote on Theresa May's Brexit 'Plan B' and continued to keep an eye on US-China trade relations.
The FTSE 100 was up 1.3% at 6,831.31, while the pound was down 0.1% against the dollar at 1.3151 and 0.2% lower versus the euro at 1.1498 as MPs prepared to vote on a host of amendments that could help shape the future of Brexit negotiations.
Joshua Mahony, senior market analyst at IG, said: "We are yet to find out exactly which amendments will be put forward for the vote, yet there is likely to be a significant focus on the ability to avoid no-deal Brexit and a potential extension to article 50. While any such amendments would not be legally binding, today's votes will provide Theresa May with an idea of what would and wouldn't pass through Parliament.
"What Parliament hopes is that their outright rejection of Theresa May's deal, coupled with a strong back of a specific route to finding a deal, the EU will cave in and allow some concessions. However, widespread hopes that the EU would eventually cede ground on the backstop have proven wrong so far, and thus this may be yet another costly dead end with just two months until the UK tumbles out of the EU."
lse.co.uk/sharecast-news-article.asp?ArticleCode=28565045&ArticleHeadline=London_midday_Stocks_push_up_ahead_of_Parliamentary_votes_Hargreaves_retreats