Exchange Rate
#106
Forum Regular



Joined: May 2016
Posts: 189
From: Munich, Germany











Anyone know why it has shifted about 6 percent in 24 hours? Oil price worries?
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#107
Nothing to do with a strong Pound - GBP is in the toilet against the Euro and US Dollar. It is the CAD Dollar that is tanking! Something to do with 'when the US catches a cold, Canada gets pneumonia!'.
#108
So given the recent political developments on Brexit with the Speaker seemingly making hard exit a lesser possibility, and the EU not willing to give any more concessions to May, what is your new outlook on the Great British £. Lately it has been trending positively and according to some news traders are shorting the currency as they see potential gains coming down the line.
#109
Just Joined
Joined: Mar 2019
Posts: 18

So given the recent political developments on Brexit with the Speaker seemingly making hard exit a lesser possibility, and the EU not willing to give any more concessions to May, what is your new outlook on the Great British £. Lately it has been trending positively and according to some news traders are shorting the currency as they see potential gains coming down the line.
#110
Thread Starter
BE Enthusiast




Joined: Dec 2016
Posts: 417
From: St Catharines, Ontario From Bournemouth UK











Boris bounce is fading fast. $1.77 seen on Friday 13th December is already down to $1.73 today. Best hope for 2020 is consolidation around $1.70 with a move up to $1.91 if a trade deal can be struck with the EU by December next year.. Looking for Sterling to trade between $1.66-$1.91 over he next 12 months.




