Brexit

Josquin

meant




1.12 etc
1.15 a few weeks ago etc.

Josquin

Ok



Thanks for replying.

Josquin

Sorry meant


1.12 etc

dividendhero

There's no doubt that the British economy is facing headwinds post Brexit, on top of this there's a group of politicians doing their level best to try trash the economy in order to line their own pockets - given all this, betting against the pound does seem a sound strategy

Keep_pedalling

dividendhero wrote: »

There's no doubt that the British economy is facing headwinds post Brexit, on top of this there's a group of politicians doing their level best to try trash the economy in order to line their own pockets - given all this, betting against the pound does seem a sound strategy

I would rather have my saving in well balanced global equities, gambling on which way a currency shifts is exactly that a gamble.

simple_tenant

if you have a saving only in pounds then it is risky, always diversify your money.

Thrugelmir

Keep_pedalling wrote: »

I would rather have my saving in well balanced global equities, gambling on which way a currency shifts is exactly that a gamble.

Global equities are priced in local currencies. Something that needs to be considered before purchasing.

Glen_Clark

Brexit affects the Euro as well as the Pound so the Euro is not the currency you should be measuring it by.

FatherAbraham

dividendhero wrote: »

There's no doubt that the British economy is facing headwinds post Brexit, on top of this there's a group of politicians doing their level best to try trash the economy in order to line their own pockets - given all this, betting against the pound does seem a sound strategy

There is also no doubt that this information is available to everyone, so it's likely to be already in the price, together with all other foreseeable possibilities.

dividendhero

FatherAbraham wrote: »

There is also no doubt that this information is available to everyone, so it's likely to be already in the price, together with all other foreseeable possibilities.

I do follow that point, but sterling has been declining against harder currencies like the Swiss Franc for decades, yes there's been ups & downs - but the trend is downwards.

If it was as simple as all the information already been baked into the price, then why do currencies like the Turkish Lira continually decline?