Brexit
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meant
1.12 etc
1.15 a few weeks ago etc.0 -
Ok
Thanks for replying.0 -
Sorry meant
1.12 etc0 -
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 strategy0
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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.0 -
if you have a saving only in pounds then it is risky, always diversify your money.0
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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.0 -
Brexit affects the Euro as well as the Pound so the Euro is not the currency you should be measuring it by.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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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.Thus the old Gentleman ended his Harangue. The People heard it, and approved the Doctrine, and immediately practised the Contrary, just as if it had been a common Sermon; for the Vendue opened ...THE WAY TO WEALTH, Benjamin Franklin, 1758 AD0 -
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?0
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