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Old Jun 23rd 2016, 6:46 am   #1
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Default money to be made with brexit exchange rate

any one ready to transfer money on results of brexit rates could drop or rise massive any one else think there is money to be had
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Old Jun 23rd 2016, 7:10 am   #2
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Default Re: money to be made with brexit exchange rate

Yes, we have had money in an account for a while waiting to see what happens
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Old Jun 23rd 2016, 7:45 am   #3
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Default Re: money to be made with brexit exchange rate

Wouldn't want to get caught holding GBP if the UK votes out .
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Old Jun 24th 2016, 3:15 am   #4
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Default Re: money to be made with brexit exchange rate

GBP getting absolutely hammered on a Brexit lead, down 7%. When people panic the exits get very small very quickly. For those of us holding NZD we are flying. A NZD bought you about 48.3 pence at 10am and it now buys you about 51.8 pence. Pre-market indicates FTSE will slump 6% on open today.
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Old Jun 24th 2016, 3:28 am   #5
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Default Re: money to be made with brexit exchange rate

Now FTSE futures down 8%. Brexit looks worse for the UK than the financial crisis was.
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Old Jun 24th 2016, 3:40 am   #6
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Default Re: money to be made with brexit exchange rate

....as many tried to caution.

UK rating could well be downgraded also.
What is odd to read is that people are still thinking an exit will somehow stop inward immigration & that Brits will be better off in the pocket for the UK not paying into the EU.

Oh well. Maybe this coming year is the year me and him should have a good holiday in the UK.
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Old Jun 24th 2016, 3:44 am   #7
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Default Re: money to be made with brexit exchange rate

I think this is a vote against neoliberalism and the banksters as much as against the EU.

It was the only way ordinary people could raise a protest.

Just as here in NZ, Labour, Conservatives/National have identical economic policies.
So who can you vote for in a general election to bring about genuine change?
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Old Jun 24th 2016, 4:09 am   #8
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Default Re: money to be made with brexit exchange rate

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Originally Posted by LoCarb View Post
I think this is a vote against neoliberalism and the banksters as much as against the EU.

It was the only way ordinary people could raise a protest.

Just as here in NZ, Labour, Conservatives/National have identical economic policies.
So who can you vote for in a general election to bring about genuine change?
I agree. i'm surprised and impressed with how Britain has stood up in protest at where the EU is headed and stood for it's national identity. Now Ireland needs to do the same
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Old Jun 24th 2016, 4:51 am   #9
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Default Re: money to be made with brexit exchange rate

Pound is at the lowest it's been since 1985. Perhaps a visit to the UK is on the cards after all...
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Old Jun 24th 2016, 5:06 am   #10
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Default Re: money to be made with brexit exchange rate

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Originally Posted by Pom_Chch View Post
Pound is at the lowest it's been since 1985. Perhaps a visit to the UK is on the cards after all...
Better be quick before they shut the doors...
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Old Jun 24th 2016, 6:06 am   #11
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Unhappy Re: money to be made with brexit exchange rate

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Originally Posted by Charismatic View Post
Now FTSE futures down 8%. Brexit looks worse for the UK than the financial crisis was.
US markets suspend trading on falls:
"S&P 500 and Nasdaq futures plummeted by 5pc in the wee Friday hours on the east coast, hitting overnight limit thresholds and causing trading to be suspended."

FTSE futures trading down between 8 and 9% now. This has to be a particularly unpleasant moment to hold FTSE shares heading into a market opening.

Edit to add: Sorry when I posted this it was down between 8 and 9%, it's now down over 9%.
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Old Jun 24th 2016, 7:05 am   #12
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Default Re: money to be made with brexit exchange rate

so right now it's 1.9 NZD to the pound. Do we think it will drop lower, say to 1.8?
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Old Jun 24th 2016, 7:28 am   #13
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Default Re: money to be made with brexit exchange rate

PM resigns.
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Old Jun 24th 2016, 7:45 am   #14
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Default Re: money to be made with brexit exchange rate

How long will it take until the whole of british expats goes crazy with everyone who wants out of the UK? Hedge your bets!
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Old Jun 24th 2016, 7:58 am   #15
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Default Re: money to be made with brexit exchange rate

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How long will it take until the whole of british expats goes crazy with everyone who wants out of the UK? Hedge your bets!
I've seen some of my friends post on social media saying they want out of the UK and one suggested NZ. I have reminded him that NZ has strict immigration rules, we aren't ruled by bureaucrats from other countries and we sign our own trade deals. He would hate it here.
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