EU views PMs letter accompanying his formal #Brexit extension request - saying that he doesn’t actually want an extension- as a gimmick aimed at a domestic audience. As far as EU law is concerned: a formal request from the UK prime minister, is a formal request full stop /1

EU leaders not rushing to make decisions. Instead they watch events in Westminster carefully. If their newly negotiated #Brexit deal is approved by the majority of MPs - as the PM promised them it would be - then possibly no extension will be needed OR /2
Only a short one maybe to allow for necessary legislation to be completed. If this is the case, EU leaders won’t think twice about granting this short extension. They may even approve it by writing rather than on person at an emergency #Brexit summit. Spoiler alert../3
EU leaders - who surprise, surprise already have a thing or two planned in their diaries over next couple of weeks - have zero appetite to return to Brussels again especially for #Brexit They have no desire to be involved in the drama playing out right now in the UK BUT /4
If MPs reject the deal, if there are plans for a general election or a referendum on the deal then a longer extension will be necessary. Here it is harder for EU leaders to come to immediate consensus so an emergency summit becomes likely /5
Some in EU (like Germany) will favour a looooooong extension - remember the ‘flextension’?? -that can be cut short asap. Others (eg France) favour as short an extension as possible to keep pressure up on UK MPs to make up their mind!! (This is certainly Macron’s silent scream) /6
STARK CONTRAST to Theresa May era + her extension request: Then Angela Merkel +Donald Tusk still thought “If we grant the UK a long enough extension, maybe it’ll change its mind about leaving”. That’s what Tusk meant with words “Use the time wisely” when granted last extension /7
EUs central concern now is ending the politically and economically costly uncertainty. Brussels sailed v close to its dreaded no deal #Brexit with Boris Johnson as PM.. Leaders don’t want a long extension now. They want their new Brexit deal approved ASAP so they can move on /8
I’m not saying EU wants UK gone. EU believes it’s stronger with UK inside; doesn’t want to push an EU member out the door. Despite continental foot-stamping EU leaders will grant a new Brexit extension but they accept departure is most likely outcome +ask:Why prolong any more? /9
PS It’s worth discounting talk of the PM persuading Poland/Hungary to block a new #Brexit extension. Every EU leader does have a potential veto but new EU budget will soon be decided. Hungary/Poland won’t risk their subsidies allocation to block extension other leaders want /10
BUT what is also true is that more uncertainty lies ahead with UK even if the exit deal is now agreed. As I often write - the standstill transition period lasts 14 months, extendable by 2 years only. How likely is it a full new EU-UK trade deal is in negotiated in that time?? /11
MPs saying “Let’s get Brexit done by 31st October” are being disingenuous. EXIT bit may get done by 31st but all-important, likely-to-be-politically painful trade negotiation trade offs (fishing rights, work visas, U.K. ability to do other trade deals) will only just start /12

More from Brexit

On this, I think it’s highly unlikely to occur in the timeframe given. For several reasons, I don’t think it’s realistic for Scotland to secede, and then join the EU, in 9 years.

For that, thanks goes to Brexit.

A thread because why not...


Two important dates: March 2016 and January 1st 2021.

Firstly, prior to the 2014 referendum, the Nationalists proposed a date of March 2016 to secede.

Secondly, today - the end completion of Brexit five-and-a-half years after Cameron’s majority in 2015.

Brexit has demonstrated many things, primarily that splitting unions is not easy. The UKs membership of the EU was 47 years and by the end it was not at the heart of the EU. The Union has existed for over 300 as a unitary state.

Dividing a unitary state, like the UK, will not be easy. Frankly, it will make Brexit look simple. Questions of debt, currency, defence, and more will need to be resolved ... something not addressed with Brexit.

Starting with debt. Scotland will end up with its proportionate share of the UKs national debt. It’s not credible to suggest otherwise. Negotiating what is proportionate won’t be easy when both sides disagree.

It’s importance will be seen shortly.

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.
Master Thread of all my threads!

Hello!! 👋

• I have curated some of the best tweets from the best traders we know of.

• Making one master thread and will keep posting all my threads under this.

• Go through this for super learning/value totally free of cost! 😃

1. 7 FREE OPTION TRADING COURSES FOR


2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING

Got these scanners from the following accounts:

1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX


3. 12 TRADING SETUPS which experts are using.

These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.


4. Curated tweets on HOW TO SELL STRADDLES.

Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on