Soooo, this is like the perfect time to buy GBP pounds right?

farquit
farquit

Soooo, this is like the perfect time to buy GBP pounds right?

SomethingNew
SomethingNew

@farquit
Or is it ?

Skullbone
Skullbone

buy 3,000 Euros worth of GBP now
make a whopping 90 Euros if the GBP goes back to pre-Brexit levels

Why do people even do this?

LuckyDusty
LuckyDusty

@farquit
GBP pounds

eGremlin
eGremlin

@Skullbone
3k
not 3million

Are you even into making money?

VisualMaster
VisualMaster

@farquit
catch the falling knife

BunnyJinx
BunnyJinx

UBS says the pound will settle where it is, and credit Suisse says the pound will settle in 1.20s. So do not buy

Nojokur
Nojokur

There is still plenty of room for the GBP to drop more. I wouldn't risk it. The coming months will show how Brexit is handled.

Stark_Naked
Stark_Naked

@farquit
No.
They will want to keep their currency low for a long time to be more competitive. If anything, it will continue its decline.

Just watch the japanese and how butthurt they are about their Yen skyrocketing after brexit because everyone bought in on it. Now their economy is under tremendous strain.

Don't do it man. Just saying.

farquit
farquit

@Skullbone
You are supposed to leverage senpai.

It SHOULD be rising back to pre brexit levels, all you'd need is confirmation of Britains continued acceptance into the EU trade bloc, but the EU isn't saying that because they fucking hate Britain for not taking their niggers. Hurting the pound is the only revenge they can get.

Inmate
Inmate

@BunnyJinx
I wouldn't ever bother appealing to authority when talking about business. Over 80 economist said that Bernie's policies were economically sound, you know.

It's very possible the GBP stays this low, but saying it's going to dip more based on fundamentals is rather embarrassing since the EU has confirmed it won't be sanctioning Britain.

Techpill
Techpill

@farquit
that id
Anyone with 352k want to buy 9393 shares of $pnx?

Methnerd
Methnerd

@Inmate
"Its very possible it stays this low" is not possible, its likely. You're an idiot wk doesn't understand what happened

Crazy_Nice
Crazy_Nice

@farquit
*cringe*

likme
likme

@Crazy_Nice
@Methnerd
Come on now Muhammad and Mufasta, they havn't even take a cut to their actual trade revenue yet. This dip is 100% speculative.

Carnalpleasure
Carnalpleasure

@likme
This.

Not to mention GBP is a fucking world reserve currency. GBP threatens to drop bellow 1.00, central banks will step in.

Garbage Can Lid
Garbage Can Lid

UK from AAA to AA
kek

Boy_vs_Girl
Boy_vs_Girl

@Garbage Can Lid
negative outlook
KEK

haveahappyday
haveahappyday

@farquit
Britain will import inflation while every country in the world plays hardball on trade deals to scare people into staying in EU
Goodbye low interest rates my old friend
Invocation of article 50 some time between now and October will sure this reality up in the markets

That knife looks real catchable

askme
askme

@LuckyDusty
ATM Machine
Good Boy Points Pounds

Booteefool
Booteefool

It's the new EUR

1 - 1.10 here we come

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