Interesting to note the significantly increased volatility on the GU 4H chart from last week due to the Brexit votings.
Will we see the same this week?
Quite possibly, or even a very sharp directional move if May’s agreement gets accepted on its 3rd attempt. I am beginning to think that it is now quite likely to gain acceptance this time, especially if DUP are finally persuaded that it is ok for them, too.
But the main possible turnaround could ironically be amongst the hard-line Brexiteers, even though they may still not like the agreement. This, because they are now faced with the prospect of a seriously prolonged extension of the process if the deal fails yet again - and a long extension raises the spectre of a possible general election, another referendum, even eventually aborting Article 50 altogether. With their backs against the wall then maybe voting for a certain Brexit now, even with a “bad” deal, is maybe better than the risk of a diluted Brexit in the future - or even no Brexit at all…
On the other hand, maybe at least one EU country might do a “Trumpism” and veto the whole possibility of any extension at all and thereby force a no-deal Brexit on 29th anyway, regardless of the UK voting to seek one! Not very likely, though!! But, perhaps, here is an opportunity for Spain to negotiate behind the scenes for an even better grip over Gibraltar!