Pound could shrink to $1.28, currency expert warns

gozomark

eeja wrote: »

This is not accurate . I receive the Saxo Bank daily report and for weeks before it happened, they were saying this would happen and surprised at the strength of sterling and why it had not yet fallen sharply.
Predicting currency movements is NOT Gypsy Lee stuff .#
The experts often predict the fall of a currency based on fundamentals

monkeys and typewriters

The experts often predict the fall of a currency based on fundamentals - many things are predicted, most don't come true

hence the saying that "stock markets have predicted 10 out of the last 3 recessions"

eeja

gozomark wrote: »

monkeys and typewriters

The experts often predict the fall of a currency based on fundamentals - many things are predicted, most don't come true

hence the saying that "stock markets have predicted 10 out of the last 3 recessions"

I think most currency experts realised the pound was overvalued at $1.90 or so earlier this year and you did not have to be a genius or soothsayer to know it was only a matter of time before it happened.
Predicting a currency movement need not be difficult
The Gypsy Lee stuff is when they predict the day it will happen and the amount of the fall
......over to purch...the pro

gozomark

I think most currency experts realised the pound was overvalued at $1.90 or so earlier this year

when the £ was above 2, the consensus of experts (as measured by Bloomberg) was for the £ to slightly strengthen over the following 6-12 months

Predicting a currency movement need not be difficult

predicting is easy, its getting it right on a consistent basis thats hard...