BREXIT, the pound already reduced at 1.3 to US dollar, now the Airbus issue....

in #news7 years ago

"Enter the Airbus issue" and them potentially leaving the UK. Now the BREXIT issues are getting closer to being reality. EU has the advantage, so where would you invest your money? With the currency with the advantage, or with the other one?

Airbus
https://www.bbc.com/news/live/business-44495414

2 months ago I reported Pound up from 1.2 a year ago to 1.43 against the dollar, but said the investors are forgetting BREXIT, with BREXIT negotiations starting that week, so holding British Pounds was super risky and the price could easily plummet as it did for the prior BREXIT events.

The pound began its fall. Currently at 1.3 against the dollar.

...but the reality of BREXIT and Britain being largely helpless, other than Trump's one time threat, suggests a slow but gradually increasing, deeply plummeting pound against the dollar.

Theresa "Matter Closed" May, Boris and others have shown to be comprehensively inept negotiators, so their efforts WILL bring the pound down. They're experienced at taking it to 1.2/US dollar, and that was when The Public didn't know exactly how inept they were, so they could take it well below that, to potentially the dollar being worth more than the pound.

Opinion: You missed your chance at 1.4/us dollar. You have a chance at 1.3/US dollar. I would personally be first in line to sell before it plummets.


Photo c/o https://commons.wikimedia.org Author: Lensicle licensed under the Creative Commons Attribution-Share Alike 4.0 International

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