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Should I short the GBP ahead of UK article 50 triggering?

calcam1

New Contributor
Mar 7, 2017
3
1
14
26
Scotland
Hello,

I'm basically new to investing and have recently discovered an interest in trading currencies.

I know that if you shorted the GBP on the referendum last year, you would have made a killing as there must have been a serious, serious pip fall.

What I want to know is, will similar behaviours happen next week, when Theresa May triggers Article 50 to pursue the Brexit process?

If so, how do I short the GBP?

Cal
 

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SquatchMan

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What I want to know is, will similar behaviours happen next week, when Theresa May triggers Article 50 to pursue the Brexit process?

I don't have a Magic Crystal Ball, so I don't know. And if I did know I sure as hell wouldn't tell anyone else. My guess is that this is already built into the price. The reason the GBP pound crashed after Brexit was because Brexit was a surprise.

If you're asking for Forex advice on the internet, then don't do Forex because you'll go broke.
 

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