Tonight, Theresa May is addressing the nation on how she is going to implement Brexit.
She mentioned that the Government will put the final Brexit deal to a vote in both houses of parliament.
Does this mean that there is a possibility of a repeal in the Brexit?
Market seems to like what is it hearing from Theresa May.
I decided to place a straddle when her speech started with the following details: –
GBPUSD: Stop if Offered at 1.2120 (SL 1.2140), Spot at 1.2158, Stop if Bid at 1.2175 (SL1.2145)
My Bid was triggered and I rode it up till I squared the position at 1.2325 (High was 1.2346) for a trading profit of 150bps!!!
Thank you Theresa May and what a trade to start the Year of the Rooster!!!
The Panthenon Investment Group 