Author Topic: Driving over the cliff  (Read 471 times)

ExitViaTheCashRamp

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Driving over the cliff
« on: January 09, 2019, 11:11:55 AM »
So it seems we are driving ever closer to the Brexit cliff. Regardless of your viewpoint on if this is a good idea or not - should we go over I think we are in for a fairly seriously bumpy time financially speaking. Even if you are a keen brexiteer, it doesn't really matter - only what the market thinks and how well UK businesses cope and it seems very unlikely to me that the market will continue to accept a £1.27 ish for a $1 after a no deal exit for the short to medium term at least.

 Anyone planning to switch their £ for $ or gold for the short term ? It's something I have been considering for a while, was wondering if I am alone in this.

(please don't see this as a call to arms of brexit vs remain, there are tons of forums for that fight -- this is purely about what YOU plan to do from a financial perspective).

never give up

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Re: Driving over the cliff
« Reply #1 on: January 09, 2019, 11:36:07 AM »
Being a passive investor I think there is a lot of money to be lost trading in currencies. I canít time the market in any aspect whatsoever. I havenít got a clue. Iím not planning on living anywhere else so Iíll just keep investing in global trackers as normal.

frugledoc

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Re: Driving over the cliff
« Reply #2 on: January 09, 2019, 01:44:30 PM »
The currency markets are extremely efficient so I wouldnít recommend trying to outsmart them.

If you are invested in global equities you are well diversified and a drop in the value of the pound would likely benefit your portfolio.
« Last Edit: January 12, 2019, 03:36:39 PM by frugledoc »

Zola.

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Re: Driving over the cliff
« Reply #3 on: January 09, 2019, 02:03:40 PM »
I still think the whole thing is gonna be cancelled

UK Dancer

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Re: Driving over the cliff
« Reply #4 on: January 10, 2019, 01:04:41 AM »
I still think the whole thing is gonna be cancelled

I still HOPE the whole thing is gonna be cancelled...

Distant dreamer

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Re: Driving over the cliff
« Reply #5 on: January 11, 2019, 09:38:18 AM »
I still think the whole thing is gonna be cancelled

I still HOPE the whole thing is gonna be cancelled...

+ 1.

SpreadsheetMan

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Re: Driving over the cliff
« Reply #6 on: January 11, 2019, 09:51:34 AM »
I discussed it with my IFA last summer to see if there was anything to be gained by shifting investment proportions etc. His take was given a globally-diversified portfolio (as I have) then the answer is no, that is the best place to be.

Richardp10

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Re: Driving over the cliff
« Reply #7 on: January 13, 2019, 03:22:32 AM »
This is a timing the market question.  If you have spotted that currency may fluctuate then surely the experts who trade in currency all day will have too? Therefore the likelihood is the uncertainty is priced into the current rate.

On the pound versus the dollar there is also lots of uncertainty and instability in America right now.

Itís possible that all the scaremongering by politicians (who are mostly not financial experts) is driving the pound down right now.

Zola.

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