Topic: UK pound is in trouble (Read 153 times)

If your reason for not holding onto fiat currency like British Pound is because of Bitcoin in cryptocurrency, then i will applaud you for that, but any other reason which you may have will not be accepted by me over going against the use of GBP, because in fiat today, Pounds is one of the strongest currencies you could see have value and still maintain for the consistencies over time, in terms of investments, you can decide to hold bitcoin.

That is how you'd do that most likely.
As a professional you have also to answer a few people. That is not just a switch you throw.
Kind of childish view in the world one is able to observe here.

How unprofessional people leading a country behave you can observe in Zimbabwe and Venezuela.

All fiat currencies are being abused by the elite, printed without a care in the world. Inflation is out of control & it’s likely we see hyperinflation in many First World countries in the next 50 years. Opt out & put your savings in Bitcoin, protect your purchasing power.

The "British Empire" used to have a lot of colonies and they were forced to use the Pound. Colonies don't really count though and the empire fell a long time ago and today England is a shadow of its past where they still think they are an international player while they actually are an extension of US (more like a colony of their own former colony)...

Believing is not knowing. All currencies rely on trust.

There are way better currencies out there than the UK pound if we're talking about e-commerce. the USD being one of them, you're right about the world not being black and white but you also have to remember that people will always have a preference for color depending on their needs and wants. Just so happen they like the bluefaces more than those that are found in the UK pound lol.

OP is right about the UK pound not having any form of security right now as a currency, and even though they are way valuable than the USD, I believe this is just because of speculation as mentioned by OP, and the fact that they have one of the biggest ore mining facilities outsourced through centuries of torture and slavery, which they will not just relinquish in forever.

So yeah, we might be looking at the end of the Roman Empire yet again. This time it's the UK that's bound to fall, and yet again due to currency problems. Guess when countries couldn't figure out how to take care of their money they end up losing everything. What a surprise lol.

if the pound falls back down to £0.40:$1 (like in 2008)
then yes thats the time to sell your £ and buy $

if the pound rises to £0.90:$1 (like in 2022)
then thats the time to sell your $ and buy £

just play the ups and downs like any market

It was the international trade currency in the between 18 & 19.th century.
https://en.wikipedia.org/wiki/Pound_sterling#History_(1946%E2%80%93present)

Every fiat currency, even the worst/weakest one has demand as long as the country and the population of it exist. Pound hasn't exactly been used for anything outside UK for a very long time either, so there is nothing changing there.

There is no need to have anybody buy your national debt to be able to print fiat. That's what US does and not many other countries. They can just print money and cause inflation domestically like countless other countries!

There really has never been a considerable demand for UK pound before this either.

All three will fall but not hard, at least not at first. The deindustrialization has hit all of Europe hard and energy crisis alongside the armed conflict they are supplying while enduring wave after wave of refugees is shrinking Europe economy. But it's a slow process that can only turn into a catastrophe (tank hard) if something significant changes like if they decide to enter a direct armed conflict instead of the current 4 proxy wars they're supplying.

There is industrial interchange, among a series of different thinks, i.e. e-commerce.
The world is much more colorful than just black & white.

There is no demand for UK pound other than speculation and tourists foreign transactions by currency exchangers and shopping with debit credit cards once they visit UK.
I would not hold any of UK pounds it's dangerous to hold the new king Charles paper bills doesnt give utility to pound it's just pure show off for average people (pure mockery)
Who needs UK for trading ? Nobody does the city of london is needed? Not anymore ! Does the boe make rules in europe? Not anymore it's ended after UK gave away their money printing rights (the end of the LIBOR replaced by SOFR)  
Can the UK print more money to stimulate economy definately not really...who gona buy UK debt bonds ? Not many does UK has the natural resources or oil ? Not really so i wouldn't buy the debt of country whos not productive enough.
So every top financial person knows there is no demand for UK pound anymore every political leader knows but they don't say it out loud  

My forecast will be pound will fall hard against eur and usd Europe economy is in much better shape then UK.
Also the UK Banks lose wealth and USA private equity firms waiting like Lions in the hunt of food when UK pound fall further so they can step in and buy the UK cheap.

The blackrock talking about re-building the UK and ukraine so in the blackrock mind the UK are similar to ukraine it means blackrock knows that UK pound will fall further down and it's just little dead cat bounce for UK pound the real correction of gbp is about to start for the Simple reason becouse no demand for UK pound it's hard people to belive that but once reality will hit them then they Understood.