Called bottom on Sterling

[AtW]

Just changed USD at below 1.33 and EUR at below 1.21 - that's tidy

I am going to repent now...

[jamesbrown]

Just changed USD at below 1.33 and EUR at below 1.21 - that's tidy

I am going to repent now...

Premature IMO, unless you need the money. You're probably right in the short/medium-term. It's going to be hard for Cable to break 1.3 convincingly until we know the negotiating positions, and I'd expect it to range in 1-3-1.4 with the news. I think most analysts are suggesting 1.2-1.25 in the longer term, i.e. another 5-10% drop, but this won't happen until it filters into advance readings on the real economy (PMIs etc.).

[AtW]

Premature IMO, unless you need the money

Need the money.

We'll get more USD/EUR so if I am wrong we'd still gain from new inflows - win/win dirty spekulation situation

[jamesbrown]

Need the money.

We'll get more USD/EUR so if I am wrong we'd still gain from new inflows - win/win dirty spekulation situation

Yeah, fair enough. I'm going to be stockpiling USD for the foreseeable.

[AtW]

Yeah, fair enough. I'm going to be stockpiling USD for the foreseeable.

Roughly I reckon we made 16-17% extra on USD, and 12-13% extra on EUR compared to the Remain option for which I've voted...

Thanks Brexiters

[jamesbrown]

Roughly I reckon we made 16-17% extra on USD, and 12-13% extra on EUR compared to the Remain option for which I've voted...

Thanks Brexiters

You're welcome Unfortunately, most of mine is in notional future earnings with existing clients (...just waiting for the contracts to get deep-sixed now ). I exchange quite regularly, and I exchanged a fair wedge in USD shortly before the outcome I'm going to be stockpiling for a while though, just in case the smeg really hits.

[AtW]

I exchange quite regularly, and I exchanged a fair wedge in USD shortly before the outcome

Put your Dirty Spekulant badge at your trading terminal and get the hell out of here!!!

[AtW]

Just changed USD at below 1.33 and EUR at below 1.21 - that's tidy

I am going to repent now...

1.35188 and 1.21680 now, plus around 0.01 extra for changing

[jamesbrown]

1.35188 and 1.21680 now, plus around 0.1 extra for changing

This could become a very long thread. Let's see how this pans out a few months from now...

[jamesbrown]

Put your Dirty Spekulant badge at your trading terminal and get the hell out of here!!!