Soooo, this is like the perfect time to buy GBP pounds right?
>>1341432
Or is it ?
>buy 3,000 Euros worth of GBP now
>make a whopping 90 Euros if the GBP goes back to pre-Brexit levels
Why do people even do this?
>>1341432
>GBP pounds
>>1341463
> 3k
> not 3million
Are you even into making money?
>>1341432
>catch the falling knife
UBS says the pound will settle where it is, and credit Suisse says the pound will settle in 1.20s. So do not buy
There is still plenty of room for the GBP to drop more. I wouldn't risk it. The coming months will show how Brexit is handled.
>>1341432
No.
They will want to keep their currency low for a long time to be more competitive. If anything, it will continue its decline.
Just watch the japanese and how butthurt they are about their Yen skyrocketing after brexit because everyone bought in on it. Now their economy is under tremendous strain.
Don't do it man. Just saying.
>>1341463
You are supposed to leverage senpai.
It SHOULD be rising back to pre brexit levels, all you'd need is confirmation of Britains continued acceptance into the EU trade bloc, but the EU isn't saying that because they fucking hate Britain for not taking their niggers. Hurting the pound is the only revenge they can get.
>>1341676
I wouldn't ever bother appealing to authority when talking about business. Over 80 economist said that Bernie's policies were economically sound, you know.
It's very possible the GBP stays this low, but saying it's going to dip more based on fundamentals is rather embarrassing since the EU has confirmed it won't be sanctioning Britain.
>>1341432
>that id
Anyone with 352k want to buy 9393 shares of $pnx?
>>1341721
"Its very possible it stays this low" is not possible, its likely. You're an idiot wk doesn't understand what happened
>>1341708
*cringe*
>>1341907
This.
Not to mention GBP is a fucking world reserve currency. GBP threatens to drop bellow 1.00, central banks will step in.
>UK from AAA to AA
kek
>>1341971
>negative outlook
KEK
>>1341432
>Britain will import inflation while every country in the world plays hardball on trade deals to scare people into staying in EU
>Goodbye low interest rates my old friend
>Invocation of article 50 some time between now and October will sure this reality up in the markets
That knife looks real catchable
>>1341477
ATM Machine
Good Boy Points Pounds
It's the new EUR
1 - 1.10 here we come
