Brexit and the sliding GBP

Discussion in 'Currencies' started by PrettyPrettyShinyShiny, Mar 11, 2016.

  1. PrettyPrettyShinyShiny

    PrettyPrettyShinyShiny Well-Known Member

    Joined:
    Feb 20, 2011
    Messages:
    1,262
    Likes Received:
    60
    Trophy Points:
    48
    Location:
    NSW
    Anyone else looking at what the British exit from the EU is doing to their beloved Pound? I had a look at the charts GBP/USD, and if you're holding USD as I am, it may be worth considering keeping an eye on where it goes. There is a resistance point at about 1.35 and it's already pretty undervalued. It may really slump down over the coming months below this point and offer a position ready for improvement over and through the end of 2016 and beyond.

    I was about to pull the trigger last night on gbp, but I'm going to see if it slides further. Anyone else been looking at this?
     
  2. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    2,620
    Likes Received:
    505
    Trophy Points:
    113
    Location:
    Nevada
    Brexit isn't happening. Market fear of Brexit is an opportunity for profit.
     
  3. projack

    projack Well-Known Member Silver Stacker

    Joined:
    Aug 12, 2009
    Messages:
    3,349
    Likes Received:
    593
    Trophy Points:
    113
    Location:
    Brisbane
    Why do not blame it on the beloved euro first of all, after all the Pound must in line with the euro.


    1 EUR/GDP 2 EUR/USD

    [​IMG]
     
  4. motorbikez

    motorbikez Member Silver Stacker

    Joined:
    Jul 27, 2013
    Messages:
    787
    Likes Received:
    12
    Trophy Points:
    18
    Location:
    United Kingdom

    Don't be too sure about that.
     

Share This Page