Fair points Tallpaul.
But if you were willing to hold your stg for 5 years or longer in a reasonable interest bearing account would you not stand to gain significantly given that its at a 168 year low as of yesterday? As I said though in my post above, if one was to hold out and buy in the coming months and years they would likely stand to make an even bigger gain. This is predicated though on the assumption that over 5 years or longer the Stg would recover.
Why do you think Sterling will recover? The Japanese yen has been under the cosh for more than twenty years due to Japan's moribund economy. Who is to say that Brexit will not have a profound depressive effect on the British economy for a generation? Personally I think speculating on FX to make money is a mug's game. Far too many variables involved over which even a sovereign government has little control.
Ill place a bet with you Bigshort that Brexit will happen! Its happening.
You are saying brexit wont happen.
I am saying brexit will happen.
Brexit is the uk leaving the EU
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