BBC News: Reports " Chancellor Philip Hammond has responded to the flash crash in sterling saying that market turbulence is to be expected, but the UK economy is fundamentally strong. "
Lets Get Real:
The UK economy is in great shape, the pound it can be argued is expected to go lower, the UK exit from the EU sounds more like a HARD exit, thus the UK will not be in the single market. In pure market terms it makes sense for a £ sell off, in fact it can be argued that a drop helps with exports. Thus it would not shock this blogger to find the pound is equal to the Euro by the end of the year or even lower. Thus in pure speculative terms SELL and you would make money, as the pound will go lower, of courses this blog does not have the money to play those kind of games, the markets go down faster than the knickers of a high class escort.
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