According to a Foreign Exchange specialist on CNBC a week or so ago, the £'s Purchasing Power Parity level is below $1.30, and I'm regarding bets against the £ above $1.45 as likely to be profitable. BTW, a lower £, is good for domestic producers and service providers, if not so good for those foreign holidays.
The £ got very overvalued against the $ last year, and i remember shorting it at $1.59.
According to a Foreign Exchange specialist on CNBC a week or so ago, the £'s Purchasing Power Parity level is below $1.30, and I'm regarding bets against the £ above $1.45 as likely to be profitable. BTW, a lower £, is good for domestic producers and service providers, if not so good for those foreign holidays.
The £ got very overvalued against the $ last year, and i remember shorting it at $1.59.
This gives a quick and excellent summary of the economic impact of Brexit:
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The £ got very overvalued against the $ last year, and i remember shorting it at $1.59.
https://www.armstrongeconomics.com/international-news/europes-current-economy/brexit-v-yellen/
https://www.facebook.com/UKIPReferendumTVChannel/videos/307333492931425/
https://twitter.com/LboroNO2EU/status/739953858898726912