I know next to nothing about financial markets, but when is the £ going to go back up in value? I've been hearing about how the stock market has already been recovering since the brexit referendum, but the GBP is still at historic lows.
>>1348440
bump
>>1348440
No one knows
>>1348440
>when is the £ going to go back up in value
never
>>1348440
The pound has been losing value over the past years, so this is not surprising.
>>1348440
I dunno, but..........I'd be willing to bet on one thing for sure, the drop is not over I'd be waiting on one thing
>Invocation of article 50
Then maybe get it, I dunno, it's a volatile market, I'm personally on hold right now with my only recent move being buying $10k ABX @ 19.
I'm betting on much more instability in the future.
>>1348643
I'm not looking to buy £, I'm looking to transfer my £ to Australia. I took a gamble by not transferring it pre-brexit
>>1348440
It is at historic lows because that's good for exports.
>>1348714
it's at historic lows because of the referendum. The result just happens to be good for exports
>>1348722
No. The currency goes up if there's a demand for it.
There's no demand for it because the smart money knows it's better this way.
