Trading strategy for 24th

[jamesbrown]

cap on the Swiss franc rate

Yup, prime example. Extreme caution is needed with currency trades even in routinely volatile conditions (e.g. Fed rate decision), let alone a once in a generation decision like this. Tremendous scope to get burned.

[AtW]

The BoE would not try to influence the ultimate market level of sterling once the dust settles after a vote for Brexit, but could seek to prevent the sort of damaging gyrations seen in the half hour after the removal of the floor on the franc, the sources said.

Exactly how they are going to do it? They got very little EUR/USD to sell to support pound, Soros would love them to try it.

Big increase in interest rates would probably makes things worse.

[unemployed]

Big increase in interest rates would probably makes things worse.

Bring it on love to see 5%again

[DimPrawn]

Exactly how they are going to do it? They got very little EUR/USD to sell to support pound, Soros would love them to try it.

Big increase in interest rates would probably makes things worse.

They will confiscate all wealth in UK held by dodgy Russians. This will be used to support pound.

HTH BIDI

[AtW]

Bring it on love to see 5%again

So that might get a lot of hot money in, and then they will leave as soon as rates go down, in the meantime people who got used to paying 2% mortgage will have to pay 7% - should be enough to bankrupt a few millions pretty quickly.

[AtW]

They will confiscate all wealth in UK held by dodgy Russians. This will be used to support pound.

HTH BIDI

I wish...

[unemployed]

So that might get a lot of hot money in, and then they will leave as soon as rates go down, in the meantime people who got used to paying 2% mortgage will have to pay 7% - should be enough to bankrupt a few millions pretty quickly.

Good more for me

[diseasex]

Good more for me

Thumbs up for repo wave

[AtW]

USD/GBP: 1.40773



This Brexit thing is making me wealthy by the minute...

[SantaClaus]

GBPUSD Trading strategy for 24th:

• Close charts
• Shut down PC
• Go to pub
• Occasionally check in from mobile in pub over a nice cold pint to see retail traders getting whipsawed

When a poll of only 800 participants can move Cable, it's not a good time to get involved.