Pound on 11 December
 

Following the vote.

What is your prediction?

If the deal is defeated (almost assuredly) will the pound drop and if so by how much?

Or is the defeat already factored into the current value of the pound?

On the very unlikely odds of a pass, the pound will surely increase but let's not even talk about this option as it's just not going to happen.

Re: Pound on 11 December
 

Re: Pound on 11 December
 

I agree with MH that it's probably already priced in. The constant dropping bit-by-bit is the run up to these. It's only shocks that drop it, like when Brexit actually happened.

I think we're going to come out the other side of this with barely a single senior minister looking good. The shit slinging, back stabbing, game playing and territory grabbing has been utterly scandalous at times. It's so toe-curlingly 'cringey' I can barely watch.

Re: Pound on 11 December
 

I believe that its setting up for a fall come tuesday (within the 1.26-1.28 ranges) - its been slipping since Friday night/sunday morning - ive been shorting since last Wednesday

Re: Pound on 11 December
 

Passions are certainly involved. Most ministers and MPs firmly believe they know what's best and are refusing to budge (either side). And therein lies the problem. It really is a winner takes all scenario. All the politicking you refer to are especially pronounced when there's so much at stake. I don't begrudge them for it.

Re: Pound on 11 December
 

I think what I begrudge is that I think the majority are operating with personal not wider interests as the focus.

It's like any organisation, those who do it in a work environment normally end up very high but perhaps with not too many friends.

Re: Pound on 11 December
 

Ferk knows about the pound but it wasn't much fun to drop six months worth of gains with the Dow crashing last week.

Re: Pound on 11 December
 

I transferred 75% savings last week at 4.68. Will transfer the rest if it drops this week or keep it for a later date.

Re: Pound on 11 December
 

Re: Pound on 11 December
 

Wild rumours in Westminster that tomorrow's vote is going to be pulled.

Not that it matters in the general scheme of things for me. A lot of my quids are safely overseas but I have an expensive online purchase I want to make and wanted to see if it was worth holding off until after tomorrow.

Re: Pound on 11 December
 

Man I have even stopped reading up on this now. Totally confused...please can anyone answer one simple question? Is Brexit happening or is it not?

Re: Pound on 11 December
 

No one knows.

Re: Pound on 11 December
 

Vote's being pulled.

I'm placing my order soon.

Re: Pound on 11 December
 

What you buying?

Re: Pound on 11 December
 

Something old and rare for my father.

Truth be told I don't think I'd have expected anything more than £20 savings if there was a bit of a drop following the vote. Just being a tightwad. Pound has dropped just slightly as we speak.