Brexit Fears: Is Panic the Right Response To Brexit

Brexit fears

 

Brexit fears: Pound Stumbles To 3 years lows

Britain’s deepening political crisis has heaped further pressure on the pound, which on Tuesday morning fell to its lowest level since the “flash crash” of October 2016 as investors braced themselves for a pivotal day in parliament. Sterling declined as much as 0.8 per cent to $1.197.
The last time it hit such a low level was four months after the 2016 EU referendum when it tumbled 9 per cent against the dollar before quickly rebounding.
The pound has not regularly traded below $1.20 since the mid-1980s. Conservative rebel and former chancellor Philip Hammond predicted that MPs opposed to a no-deal had the numbers to seize control of the House of Commons timetable on Tuesday to introduce legislation to force the government’s hand.  Full Story

Brexit Fears: EU Settlement Applications Spike

The number of EU nationals and their family members applying to remain in the UK after Brexit has surged in the last month amid mounting fears of a no-deal scenario and concern surrounding their future rights.

Government figures show applications for the EU settlement scheme more than doubled from 131,300 in July to 299,000 in August, marking the highest number since the scheme was fully rolled out in April.

The Home Office said the total number of applications received to date (12 September) was more than 1.3 million, with around 200,000 people applying within the last 12 days alone.

As of 31 August, a total of 188,600 people, 14 per cent of those who have applied, were still waiting for an outcome on their applications.

The data also showed an increase in the proportion of applicants getting pre-settled status, which grants them five years’ residency in the UK before they have to re-apply, raising concerns people may have been wrongly denied permanent immigration status. Full Story

Carbon emission credits slide over Brexit Fears

The price of carbon-emissions credits has fallen sharply in recent weeks as traders worry that a deluge of U.K. credits could flood the market in anticipation of a disruptive Brexit.

The price of carbon-emissions credits—which European Union countries hand out to large industrial polluters to curtail the production of greenhouse gases—has plunged 13% since late July to around €25 ($27) a ton of carbon dioxide emitted, ending Tuesday more than 4% down for the week so far.

Driving prices lower: the persistent risk that the U.K. will crash out of the EU without an agreement and a series of weak European economic data that have suppressed long-term investors’ appetite, says Tom Lord, a trader at London-based Redshaw Advisors, which advises and trades carbon on behalf of polluting companies.

“Brexit and the trade war side of things are leading to long-term investors exiting positions,” he said. Full Story

Game Plan

Subscribe to our free newsletter to keep abreast of the latest developments; we cover everything from the financial markets to the World’s food supplies. Mass Psychology knows no limits, utilized properly it can spot trends in any market, and we can show how to protect yourself and benefit from these new trends. The world is changing it’s a dog eat dog world, but you do not need to descend into the pits of filth; you have the choice to distance yourself from this sub-human behaviour and empower yourself both mentally and financially; the choice lies within your palms

Other Articles of Interest 

Why Is Apple Investing Chinese Uber Didi-running scared (May 21)

Copper & Baltic Dry Index Useless leading Economic Indicators, Better alternative is available (May 20)

Chinese Buyers Opting For Bigger Cars (May 19)

Real Reason Europe being flooded With Violent Immigrants (May 18)

Chinese Renminbi bullish long term outlook (May 8)

Sanctions backfire; Sberbank has gone from the threat of dollar famine to feast (May 5)

Gold Bugs think & stop listening to Fear mongers  (April 29)

Alibaba poised for Strong New Growth; Don’t listen to the Naysayers  (April 29)

Fear Mongers Parasites that Profit from your Fear  (April 27)

Why Gold Bugs got the Gold Market Wrong  (April 17)

2 Trillion Mega fund; Saudi’s end of oil Era plan wishful thinking (April 16)