Pound falls further on more election talk

This could just be Boris playing games

The Sun's political editor now says there is a good chance Johnson will address the House of Common and say he is tabling a motion on Monday to hold a general election.

This might be a disingenuous move to force through his Brexit bill and/or pressure the EU into a short extension.

In any case, the pound doesn't like it for now and it's broke weekly support at 1.2842 in a quick 20 pip fall.

Source: https://www.forexlive.com/news/!/pound- ... k-20191024

GBP/USD was testing 1.2935 and was bullish, I wouldn't be surprised if it reached 1.3000.

The leverage restrictions and other regulations adopted in the summer of 2018 saved UK forex and CFDs traders annually some 451 million pounds, latest Sector Views annual report of the British Financial Conduct Authority (FCA), reveals.

According to the report the persistent lower interest rates drive many retail investors from safer long term investments to high risk assets like CFDs and mini bonds.

According to the FCA data before the new rules were adopted in August 2018 some 800 000 active UK traders held in live client accounts a total of 1,5 billion GBP, of which over two thirds were lost within a year.

It pulled back from 1.2720, I wouldn't be surprised if next week it reaches 1.2850.

Pound Swings Into Red Vs Dollar as PM Johnson's Health Condition 'Worsens'

https://www.investing.com/news/forex-ne ... ns-2132816

ps: Declined 85 pips by the time of this post.

I hope Johnson makes it. I don't wish this fate on anyone.

It's testing the support at 1.2200 and I think it may break out below that level.

It bounced off from 1.2570, next target may be at 1.2600, I think.

The pair is consolidating sideways around 1.2700 but I think the pair will continue moving south for now.

UK’s financial regulator, the Financial Conduct Authority (FCA) will allow for UK stock market participants to access EU stock markets following the same rules as before Brexit

This comes as a stark contrast to the measures from the other side of La Manche. European Securities and Markets Authority (ESMA) have stated that they will not allow EU companies to trade on London markets or any other venue under the jurisdiction of the FCA in the event of a no-deal Brexit. This hard-line stance has been reinforced from 2019 and has only recently been slightly relaxed when the ESMA created an exception for EU companies that trade their shares in Pound Sterling. This exception encompasses quite the small number of entities, however.