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

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by calcam1, Mar 22, 2017.

  1. calcam1
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    calcam1 New Contributor

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    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
     
  2. SquatchMan
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    SquatchMan Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    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.
     
  3. OldFaithful
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    OldFaithful Silver Contributor Read Millionaire Fastlane Speedway Pass

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    Mortgage the house, cash in your retirement plan, borrow from your relatives, sell your plasma, and see a loan shark for all the cash you can get. Bet it all on shorting the GBP and let us know how it turns out!!!
    - Stranger on the Internet
     
  4. jasoncuellar123
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    jasoncuellar123 I’m probably awake. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    #landfill
     
    OldFaithful likes this.

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