Brexit = Smackup, Bremain = Smackdown

GBP is getting slammed!

Gonna be a sweet capitulation low to buy when the result comes in. Is there a GBP ETF or some vehicle I can trade on the ASX?
 
BuggedOut said:
GBP is getting slammed!

Gonna be a sweet capitulation low to buy when the result comes in. Is there a GBP ETF or some vehicle I can trade on the ASX?

ASX:POU is one such ETF
 
ASX code POU tracks GBP vs AUD. Down over 5% but the buy/sell spread is 2% which is kinda sucky. Any other suggestions?
 
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Wild swings for pound as EU vote results announced - http://www.bbc.co.uk/news/business-36611512

Currency traders say these moves are more extreme than those seen during the financial crisis of 2008.

"Never seen anything like it. These are once-in-a-lifetime moves, bigger than Lehmans and Black Wednesday, and we haven't even had the result yet," said Joe Rundle, head of trading at ETX Capital.

"It's looking more and more like a Leave win and these massive moves in sterling and stocks will only get bigger if that is the case," he added.

A short while ago the pound was trading at $1.3820, down almost 7% - a massive move in just four hours of trading.

.......
My comment.
English gold holders just gained 7%.
 
If the Brexit wins with England and Wales voting to leave and Scotland and Norther Ireland voting to stay as is the current trend; then expect Scotland to again want to leave the UK so it can join the EU, and expect Northern Ireland to reunite with Ireland to stay in the EU. Meanwhile, Southern Europe will then make moves to leave the EU.
 
Just took some more stay at $17.50

Massive price and a very cheap hedge already paid for with the gains in gold. Happy days.
 
Hasn't this insanity gone far enough? Expecting the operatives to be deployed pretty soon to remove all those leave votes
 
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