Please visit our sponsors

Rolclub does not endorse ads. Please see our disclaimer.
Results 1 to 3 of 3
  1. #1
    Member
    Join Date
    Sep 2017
    Posts
    71
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Donít write off Sterling prematurely





    The value of Sterling plummeted after the Brexit result, but positive long-term economic predictions suggest it will remain a strong currency into the future

    Last Juneís post-Brexit vote sent Sterling values plummeting against every major international currency. It was the inevitable consequence as the market tried to price in the negative implications for the UK economy.
    As unexpected as the vote to leave was, the market reaction Ė perhaps overreaction Ė was entirely predictable. The vote was preceded and followed by a raft of analyst predictions of a weak GBP. The main fear was that Britainís economy would grow more slowly outside of the EU.
    However, pro-Brexit economists argue leaving the EU would initially cause a downturn but result in boosting the economy later.
    Sterling recovers despite gloomy predictions

    Despite difficult Brexit negotiations and the continued uncertainty surrounding the UKís relationships with the EU going forward, GBPís subsequent recovery says plenty about its historical importance and longevity and that needs to be factored in when predicting its future value.
    GBPís is the oldest actively traded currency on the foreign exchange market. It is still one of the most popular forex currencies. The result of London being one of the biggest trading hubs in the world.
    Political uncertainty and war has triggered volatility in GBPís value over the years. However, it has always stood the test of time and has been relied upon as a global safe haven for investors.
    History seems to be repeating itself.


    For More Detail : Donít write off Sterling prematurely

  2. Sponsored Links
  3. #2
    Member Chachos's Avatar
    Join Date
    Dec 2017
    Posts
    81
    Feedback Score
    0
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Pound Sterling took some hit when the people of United Kingdom voted for the Brexit. Its value fell down drastically. But don't worry Pound will recover very soon. It was a minor hiccup. What do you guys think?

  4. #3
    Senior Investor Uncle Gober's Avatar
    Join Date
    Jul 2011
    Location
    www.ArmadaMarkets.com
    Posts
    2,718
    Feedback Score
    0
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default

    that is important for traders to always update the news that can mempegaruhi forex, so that traders can become better in managing funds and risks that exist to be able to generate profits as expected.

  5. Sponsored Links

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share |