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Author: james Carter

Apologies for the late report we had technical difficulties earlier.

Apologies for the late report we had technical difficulties earlier.

Theresa May is preparing a very important speech for tonight which markets are hoping will deliver a long-awaited blueprint of how the UK “hopes” to leave Europe – we must remember this is a two way negotiation with the whole EU. The respected Sunday Times has reported that May is ready to withdraw from tariff-free trade with the region in return for the ability to curb immigration and strike commercial deals with other countries – this article led to the pound falling over 1% yesterday, trading around 20% below its level prior to the BREXIT vote.

Morning everybody, after a relatively quiet start to the year we feel the markets are likely to become more active this week. The British Pound has opened down ~1.6% this morning due to comments in the UK’s Telegraph around Theresa May’s “strong” plans for BREXIT, initial movements by the FTSE should be interesting today. After 5 weeks of sideways choppy price action by the S&P500 it’s not a “big call” to anticipate some movement its simply statistically due.

As most global equity markets have entered a relatively quiet period, we thought today was an ideal time to follow on from yesterday’s report, which outlined our likely strategy for the current MM portfolio and look at how we like to manage risks / use stops.

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