Topic: THE WORST DAY FOR GBP SINCE 1848 - page 2. (Read 2998 times)

Hard Brexit will happen in about 3 years and will ultimately be good for GBP. There's some global elites that aren't comfortable with it right now and it could continue to suffer as they dump, but having *some* position in it isn't a bad thing, honestly. Don't take naysayers right now too seriously, but also don't trade with a day-to-day or even month-to-month mindset. Start thinking about years.

Ultimately I think Brexit will not be soft and that will be to Britain's benefit in the long term. Those same large entities that are dumping now will have to buy to have that asset to trade with, and they'll be sorely missing it at the time of a hard exit. Smart investors should know a hard exit will end up being inevitable, as the EU is too needy already now (and will most certainly be in two years) with demands for an exiting Britain.

I believe the bad days for the UK and their currency: GBP are yet to come. Without the EU for trading. The island will once again become isolated, just look how France and the UK are already fighting about euro tunnel.  With banks leaving the UK, to serve their EU clients, london will also feel some pain, but in general the suburbs will be hit hard. Sad days for unity and economic growth.

after brexit poundsterling down and down
is very bad value price poundsterling after brexit
in two week is worts in poundsterling price

i think after brexit much country not believe and reduce trusted about poundsterling
maybey economic team in england goverment must create economic pakckages is good to incraese trusted about poundsterling

Good, I always hated gbp for being so expensive against the others. It should be 1$=1£. And it will be, very soon. Euro will die too. Just move to USD it is the only real FIAT currency.

worst possible way is to invest in GBP right now currency is unstable and i will take long time to recover if even recover at all
better for you that you invest in some coin or something else gold/silver not in another currency

If you look at currencies that were almost the same, they had a grew or a fall for ever.

So this is the point of how i am thinking.

Sorry Op but you're not investing, not even smart trading!
You're gambling! When you knew how risky it was to go into that deep in GBP/USD, what about your risk- and money management?
To me it seems like you completely ignored that and said to yourself: "'uck it, get rich or die trying!
You're greedy my friend! And when you have never traded with bigger volume before, I don't get it why try it out with the GBP now!
Imo you have lost your mind.

that sounds like the essence of degenerate gambling to me but if that's what you wanna do, go do it.

I was waiting at Smith like this at the end of tomorrow. If today I would have 1kk$ I'll still buy more and more.

You have balls of steel, or shit for brains to trade in this Brexit environment. Most people are running to Safe heavens, like Bitcoin & Gold & Silver in times like this. ^hmmmm^ Just have a look at this : https://uk.finance.yahoo.com/news/pound-already-fallen-off-one-082131083.html

What were you thinking?

24 june 2016 from 1.5 to 1.33.

I'm keeping my trade open. Now I'm in minus 35k$ . So out of kind of everything.

Waiting for the next hours. It will be intersting.

USD/JPY is going nice ofc too.

still up slowly ... .

It might feel satisfying to pick a bottom, but the tide is going out on risk in general right now.

A good buying opportunity may come in GPB in late Nov/early Dec.  In my view, there are better instruments to trade.

If you still want to live, stay away from windows and ledges.

Interesting opinion. I think the exact opposite will happen, IMO Sterling is up shit creek without a fucking paddle.

Some points to consider:

Significant bear market since Brexit vote.
Number of extreme flash crashes (the most recent a few days ago where gbp/usd dropped to somewhere around 1.15) with little sign of support buying and therefore no significant correction.
Current level 1.22 (down from something like 1.55 a year ago)
The "handouts" you mention are:

A. Still being given out as UK is still technically in the EU, and
B. Basically worth fuck all in the grand scheme of things. Roughly £10B per year I believe is the rough figure we give to the EU? Our GDP was $2.7 TR USD in 2013. Also we import a lot more than we export, take a look at this chart: https://www.uktradeinfo.com/Statistics/OverseasTradeStatistics/Pages/OTS.aspx

For a country that imports more than it exports, a weakening currency is bad. The loss of revenue from the increasing price of imports will trickle down and start affecting the general population. It's really bad for savers too (if your savings are in gbp of course).

The only UK companies this is good for are those that rely heavily on exports, preferably using resources that they buy from within the UK.

OP you have balls of steel making long trades right now, I would be shorting the shit out of GBP if I had the capital...

And bitcoin ?

You don't keep all funds in bitcoins ?


... why ... ?





Swiss Francs have  the same problem ... when it loose the magnetic lock with the Euro.

It is official. Today was the worst day in history for GBP since 1848.

Well I love to be full with adrenaline and for 15 hours I am looking on markets and in half an hour I got my money back now.

I am not quite like you said.


I know that GBP is not having the power and honestly like I was seeing the charts it is possible in math with USD to reach 0
1.19 easily but I hope not today.


Cheers.

I think it's safe to assume this guy isn't simply moving dollars and pounds between bank accounts. he's probably balls deep in scary leverage.