Brexit impact on exchange trading

[ANGELS15]

I apologise if this question is already being dealt with but I've searched the forum and can't seem to find any
threads dealing specifically with the impact on exchange trading post Brexit.

If such a thread does already exist I would be grateful if someone would post me a link.

My concern is that if the UK leaves the EU in a few weeks without a deal there could be a catasthrophic impact on racing both in the UK and Ireland. According to racing spokespeople hundreds of horses travel between the UK, Ireland and France on a weekly basis. The free movement is vital for the bloodstock industry. Also free and easy movement is vital for the well being of horses (particularly pregnant mares). If there wern't agreements in place after Brexit horses could end up being stuck in transit with lengthy delays.

I concern is that ultimately if horses can't move freely and easily it would eventually affect participation in races, smaller fields, less liquidity in markets due to economic factors etc. There's been talk of Irish horses not being able to get to Aintree etc

Anyone have any thoughts?

[BetScalper]

I apologise if this question is already being dealt with but I've searched the forum and can't seem to find any
threads dealing specifically with the impact on exchange trading post Brexit.

If such a thread does already exist I would be grateful if someone would post me a link.

My concern is that if the UK leaves the EU in a few weeks without a deal there could be a catasthrophic impact on racing both in the UK and Ireland. According to racing spokespeople hundreds of horses travel between the UK, Ireland and France on a weekly basis. The free movement is vital for the bloodstock industry. Also free and easy movement is vital for the well being of horses (particularly pregnant mares). If there wern't agreements in place after Brexit horses could end up being stuck in transit with lengthy delays.

I concern is that ultimately if horses can't move freely and easily it would eventually affect participation in races, smaller fields, less liquidity in markets due to economic factors etc. There's been talk of Irish horses not being able to get to Aintree etc

Anyone have any thoughts?

English racing will take an initial hit for sure but then thrive.

There is so much doom and gloom around brexit.

Horses from the USA run in the UK fine, just a little more paperwork etc.

The bigger hit will be for Ireland and not just with regard to horse racing.

Europe is pushing the UK into a corner and needs to be very careful.

The bond and debt markets are held in London, which has very serious consequences if European countries and companies can’t access after 29th March. Many won’t know who owes them money or who they owe it too. Be like going to your bank and asking for a loan against your companies assets, bank says what are your assets and debts, you say don’t have a clue has there held in London and I cant access that information anymore!!!!!!

[ANGELS15]

Hopefully the authorities would put some kind of temporary arrangements in place in the event of a 'no deal'. UK racing is very prestigious and in my own humble opinion the best in the world.

[weemac]

Presumably the ever decreasing number of European countries which permit access to exchanges will only further decline?

[ANGELS15]

I'm amazed this hasn't attracted more interest than it has. There are a lot of very knowlegeable people on here. Hopefully this means that if they don't forsee a problem then hopefully there won't be one.

[parrettt]

Conversely more horses staying in Eire gives better fields there so any loss here will be balanced by decent Irish racing. Luckily they are all on racinguk this year

[PDC]

My concern is that if the UK leaves the EU in a few weeks without a deal there could be a catasthrophic impact on racing both in the UK and Ireland.

I concern is that ultimately if horses can't move freely and easily it would eventually affect participation in races, smaller fields, less liquidity in markets due to economic factors etc. There's been talk of Irish horses not being able to get to Aintree etc

Anyone have any thoughts?

You can't do anything about it so wouldn't bother worrying about it unless you are wanting to form a plan in terms of increasing your activity in other non racing markets. If you plan on sticking with horses just like the recent flu outbreak there was nothing you could do about it so just had to deal the cards that were dealt.

Unless we get significant rainfall across the country it is likely that will have more of an impact on racing than Brexit will in 2019.

[ANGELS15]

My concern is that if the UK leaves the EU in a few weeks without a deal there could be a catasthrophic impact on racing both in the UK and Ireland.

I concern is that ultimately if horses can't move freely and easily it would eventually affect participation in races, smaller fields, less liquidity in markets due to economic factors etc. There's been talk of Irish horses not being able to get to Aintree etc

Anyone have any thoughts?

You can't do anything about it so wouldn't bother worrying about it unless you are wanting to form a plan in terms of increasing your activity in other non racing markets. If you plan on sticking with horses just like the recent flu outbreak there was nothing you could do about it so just had to deal the cards that were dealt.

Unless we get significant rainfall across the country it is likely that will have more of an impact on racing than Brexit will in 2019.

Horseracing markets are my main activity, but you're right in that we have to make the best of what happens. We were lucky to avoid many months of racing being shut down due to the recent equine flu cases.

[Euler]

Presumably the ever decreasing number of European countries which permit access to exchanges will only further decline?

That's more or less what I'm thinking. There are so few countries left I can't imagine it will have any impact.

[ANGELS15]

Presumably the ever decreasing number of European countries which permit access to exchanges will only further decline?

That's more or less what I'm thinking. There are so few countries left I can't imagine it will have any impact.

My worry is that if there is a decline in racing it would affect us as traders with a potentially poorer economy, less investment in racing, fewer meetings, smaller fields etc. There are traders who trade on other markets like tennis, football etc. However I suspect a larger percentage trade on horseracing as their main activity. Woudl it be worth doing a video on this?