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Thread: £ / €

  1. #1

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    Default £ / €

    Are any of you currency experts who are predicting the demise of the £ vs € actually betting on it?

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    I'd watch GBP/USD or GBP/JPY (Japanese Yen) because if brexit happens the Euro will probably dive as well whereas USD and JPY (and CHF - Swiss Franc) are safe havens so GBP/USD or GBP/JPY GBP/CHF will give a much bigger move.
    Whatever...

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    GBP/USD for me.

    Which way will it go?

    Polishing a turd near you!!

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    It'll take spuds of steel to try and call this one. Just in case anyone forgets Sterling was nearly at parity with the Euro back in late 2008 so all this weak pound stuff should be taken in context.

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    Good answers so far. Seems it's just the Bremainers who are shouting about Sterling collapse but not really betting on it.

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    Quote Originally Posted by GB9 View Post
    Good answers so far. Seems it's just the Bremainers who are shouting about Sterling collapse but not really betting on it.
    I moved £20k to Euro a week ago. Right choice. Not a bet mind. But I'd rather it were in euro than sterling as I would of lost out.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

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    Quote Originally Posted by scooterscot View Post
    I moved £20k to Euro a week ago. Right choice. Not a bet mind. But I'd rather it were in euro than sterling as I would of lost out.
    But how much do you have left in Sterling?

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    The other play is gold.

    One, the shock will likely cause gold to rise in price, and as it is priced in dollars, the gain in GBP should be pretty good.

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    Quote Originally Posted by scooterscot View Post
    I moved £20k to Euro a week ago. Right choice. Not a bet mind. But I'd rather it were in euro than sterling as I would of lost out.
    Your gains will be minimal at present. Do you have a plan for switching back on the 23rd on are you not bothered about missing out the other way?

  10. #10

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    Quote Originally Posted by The_Equalizer View Post
    But how much do you have left in Sterling?
    Just assets, two properties. Just sold one but the cash won't be released until next month
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

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