Now seems like the time to buy some GBP ? Am I wrong?
There is some suggestion that the next set of economic data out of the UK may surprise to the upside, but it still won't be pretty. It may be enough to give the unloved GBP a boost though...
In the short run there could be some pressure on GBP and some volatility in it. It should bounce back when the dust settles and should appreciate against NZD.
Agree. The opportunity was when GBPNZD cracked 1.77 (over 56c for the NZDGBP thinkers) and it's unlikely to crack that with NZD strength.. For NZD, the best ratio of upside to downside for exposure to those currencies is in the Euro. If you have HKD or SGD then that's a difference story.
We're up 22% against the pound since the start of the year, just over 56p and very close to an all time high. I think the outlook for the pound remains very weak with Brexit concerns.
We're up 22% against the pound since the start of the year, just over 56p and very close to an all time high. I think the outlook for the pound remains very weak with Brexit concerns.
I am looking for 60p over the next few months.
Last September a dinner in London was converted at 38 something
Always time holidays wrong
But starting to put some GBP on those Cash Passport thingies (probably a stupid way to buy holiday money?)
”When investors are euphoric, they are incapable of recognising euphoria itself “
Last September a dinner in London was converted at 38 something
Always time holidays wrong
But starting to put some GBP on those Cash Passport thingies (probably a stupid way to buy holiday money?)
I seem to always get currency wrong to.
Wow Sterling has made quite something of a comeback...I guess I can kiss goodbye to any chance of me being a successful currency trader !
Was thinking in the back of my mind about the vague possibility of parallel importing a later model Euro car if we got to 60p. I think the correction back down has probably saved me from any temptation and saved a lot of money, decent silver lining in that cloud
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