Cancellation Week

Corbyn has missed a trick in coming up with just four extra bank holidays. He needs a fifth known as – what else – St Jeremy’s Day. And then he should show a stroke of genius: he should join them all together in just one week and henceforth this week shall be known as Cancellation Week – i.e. cancellation of all work. Why on earth didn’t Theresa think of this? She’s obviously slipping.

Anyway, one can still bet 100/17 on a Conservative overall majority. Amazing. Hurry now.

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I closed USD/JPY at a profit but I could have made much much more by staying open until this morning. Right now I am again short of the Euro. Macron cannot offer any economic support for this crazy venture.

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The chairman has just pointed out to me that the market is extremely short sterling at a time when British exports are doing well and, more importantly, can reasonably be expected to go on doing well. Hence I have just doubled my short Euro/GBP position.

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Finally, gold has retreated to $1,270. It is time to go long.