Member Info for Darth.Trader

DOW playing out as expected, next week sessions will be interesting.

WEST, i heard' that TLF bought some land in Second Life and is busy making Linden Dollars from rental income...

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Hey WEST, Cheers, TLF no idea tbh I lost track of ALL his avatars a while back.....

"The U.K. coronavirus outbreak is tracking a steeper trajectory than even the government’s worst-case scenario, new documents show"

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"Wall Street analysts see an unclear or contested election outcome as a “terrifying risk” for investors"..

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Livestock, I think they only reduce the size of the position, but every chance they could increase the position....
The USA election, increasing C-19 numbers, lockdowns, etc got investors spooked, time to take profits...

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incoming....

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bitpound

https://moneyweek.com/investments/alternative-finance/bitcoin/602146/the-bank-of-england-should-create-a-bitpound-digital

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not so great expectations for Lloyds, NatWest, Barclays & HSBC
https://www.investorschronicle.co.uk/shares/2020/10/15/q3s-preview-not-so-great-expectations-for-lloyds-natwest-barclays-and-hsbc/
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"Mr Bailey said that it was best for policymakers to act aggressively, rather than cautiously, in the face of uncertainty,

He also touched on the ongoing debate over setting negative interest rates, which would bring the cost of borrowing below zero.

"Our assessment of negative interest rates, from the experience elsewhere, is that they probably appear to work better in a more wholesale financial market context, and probably better in a nascent economic upturn," he said.

If interest rates are negative, the BoE charges for any deposits it holds on behalf of the banks. That encourages banks to lend the money to business rather than deposit it.

But with interest rates already low, it is not clear how much negative rates would help spur new activity."

Imminent then, lol......., maybe the launch of BitPound will help.... DYOR

UK facing 'unprecedented economic uncertainty'...

Bank of England (BoE) boss Andrew Bailey has said the UK faces "an unprecedented level of economic uncertainty."

Britain's economy shrank by 20% in the three months to June as it battled with the coronavirus pandemic, the biggest fall of any large advanced economy.

His remarks come as tighter coronavirus restrictions are imposed across the UK.

Mr Bailey warned that there is significant risk of economic growth continuing to be lower than expected.

The governor told an online event on Sunday that he expected output at the end of the third quarter to be 10% lower than the end of 2019.

"Of course, that is heightened now by the return of Covid... the risks remain very heavily skewed towards the downside," he said during the video conference for central banks, which was hosted by the Group of Thirty, a panel of economic policymakers and senior bankers.
https://www.bbc.co.uk/news/business-54594356

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Boris Johnson turns down EU offer to restart trade talks...

Boris Johnson has knocked back the EU’s offer to restart Brexit trade talks, saying the olive branch from Brussels did not provide a “basis to resume talks”.

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"Reuters reports, citing sources familiar with the matter
I mean to be fair, Johnson did not explicitly say that the UK will be walking away from talks but neither did he confirm that they will be engaging in more talks either.

That said, the fact he said earlier that they are willing to listen does suggest that the door is still open for further Brexit talks to take place before 31 December.

Hence, the unofficial early response by the EU is that they are preparing for more talks in London next week as they assume Johnson did not make mention about abandoning that altogether. The situation is fluid right now so headline risks are everything.

Cable back up now to 1.2915 after chopping around 1.2870-00 earlier before this."

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Cable falling....

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Theosus, yes i full agree on all all the points you made, on the same wavelength...

time to crack on...! I did say that i did not see a U-turn this time...
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Latest EU Summit Suggest Canada Style Deal Won't Work For EU - RTRS
- Should Get Ready For No-Deal Style Exit In January.....

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France plans $23 billion state-backed scheme to avert company failures ...

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https://help.stockopedia.com/technical-guide/prices/faqs/london-stock-exchange-quotes/

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Gwynwin
"31 million + a hedge fund buying back in today that is the question.."

No, it was a UT.....
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"Over the summer, both the UK and EU seemed to agree the end of October was the final date to get a deal done - allowing enough time for it to be ratified before 31 December.

But come 7 September, Boris Johnson decided to shorten the deadline.

He said if a deal wasn't reached by 15 October, "then I do not see that there will be a free trade agreement between us, and we should both accept that and move on".

Thursday is that day - but Downing Street appears to have moved back from it as a hard deadline.

Formal negotiations ended at the start of October, but Mr Johnson and Mrs von der Leyen pledged to "intensify talks" over the coming weeks.

Pressed on whether the UK would walk away on 15 October, the government's chief negotiator Lord Frost said it was his job to "advise the prime minister" on whether a deal was on the cards by then.
Speaking on Tuesday, France's foreign minister Jean-Yves Le Drian suggested EU leaders do not see this week as a hard deadline for a breakthrough.

"The date of 15 October, it's Prime Minister Boris Johnson who announced that, it is not the position of the European Council," he told French MPs.

He added that "everything should be played out" between October 15 and "mid-November".

He warned that the prospect of no deal was "unfortunately very likely," but the EU was "prepared for all eventualities".
https://www.bbc.co.uk/news/uk-politics-54557585

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