Anyone made/lost $$ off GBP popping earlier today? (Merkel's Brexit comment)

Looks like this was the reason:

Had a long GBP/NZD trade that did pretty well today. Of course I had no idea that was going to happen. :joy:

I made a little over $100 off of GU, so that was pretty nice lol

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The key was Macron, he was supposed to act as the bad cop, Merkel the good cop.

In the event Macron was very friendly - notice how the two leaders, Johnson and Macron chatted (in French) - the chemistry was very positive and the market read it GBP and deal positive.

The fact that Macron also made mention of 30 days was interpreted as behind the scenes discussions between Merkel and Macron.

All very Johnson positive - increases his chances of winning any confidence vote.

Lots of volatility up ahead - and it will be news/levels driven.

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Very nice! I made a good amount of $ but not in the 3-digit realm yet. :rofl:

How are you managing your trades with this amount of volatility that’s news driven? :open_mouth:

I make decisions based on Eur/Gbp likely direction - this cross is news driven atm, specifically Brexit.

Euro and Usd has to be included though - thus cable & fibre are important.

E.g. this evening push up on Eur/Usd news driven by Pres Trump tweet, affected Eur/gbp on the positive side.

Long story :slight_smile: