I'm going to give you some insight into the UK press to prepare you for the real Brexit trade

I'm not buying all this Brexit talk as being a big reason for the slide in the pound. Undoubtedly the issue of the UK's EU referendum looms large but it's still a cloud on the horizon, not directly overhead

The UK press is well known for sensationalism and right now they're not really getting their teeth into it in earnest. There's plenty of important headlines to write but until we get a firm date for the vote the press will be keeping a lot of their powder dry

So how can those not from these shores know when the pound will really be affected by Brexit talk?

Here's an example of some headlines from yesterday's papers;

  • Arctic SNOWBOMB to smash into Britain
  • Freezing Britain on SEVERE alert as HEAVY SNOW and SLEET blanket the country
  • Coldest winter in 58 YEARS now just days away
  • Beast from the East brings severe snow warnings
  • Worst winter in more than 50 years forecast with warnings cold could last until March
  • BRITAIN faces WEEKS of freezing blizzards, crippling snowfall and brutal winter storms as a savage turn in the weather plunges the ENTIRE COUNTRY into winter lockdown

Anyone would think that Britain is on the verge of a new ice age

Now here's the current UK weather warnings from the main weather centre, the Met Office, for the next few days

Batten down the hatches?

If there was any serious risk of bad weather the maps above would be plastered with coloured blobs in the areas affected, as denoted by the yellow, orange and red warning levels and the subsequent weather event key (snow, ice, etc). Standard stuff. The Met Office are pretty efficient and probably take a more cautious approach than needed, and would put up warnings even if the real risk was at the low end of the scale . The fact they haven't issued any UK wide warnings means they're really not seeing any problems

So, as you can see we have some divergence between what the press says is coming over the next few days, and what the experts say is coming. And there you have our sensationalist press in a nutshell

Switching back to the Brexit, as far as the current headlines go to stoke up the fear of an exit, you really ain't seen nothing yet. When the press go into overdrive, that's when the pound will be at greater risk. Whatever headlines come before that is piecemeal by comparison