Called bottom on Sterling

[AtW]

Interesting so it is back to what 2014/2015 levels against the Euro?

And USD is not important to you, worst rate in 30+ years? Most of world commodity trade is priced in USD.

[original PM]

Interesting so it is back to what 2014/2015 levels against the Euro?

Oh no I remember those years all that rioting and unemployment, whole families being turfed onto the street, kids forced into prostitution

Oh god I hope we do not get those times again...

oh wait.

[AtW]

1.30370 - USD
1.17520 - EUR

[jamesbrown]

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

[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...

[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

[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!!!

[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]

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]

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]

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]

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]

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

I am going to repent now...