Pound Striking Back Sends U.K. Currency Bears Seeking Shelter

Pound Striking Back Sends U.K. Currency Bears Seeking Shelter

From bloomberg.com

The pound’s resilience following buoyant post-Brexit economic data is encouraging some sterling pessimists to rethink their short-term strategies. Deutsche Bank AG has exited a bet for sterling to fall on a trade-weighted basis, while retaining its longer-term negative view on the U.K. currency. UniCredit SpA said it had closed a short pound-dollar position, or a wager sterling would weaken, to reduce “tactical” risk. The pound rose for a fifth day against the greenback, its longest winning streak since March. Reports such as an index of August services, which jumped the most on record when it was published on ... (full story)

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Sep 6, 2016 7:26am

If anyone is following Bloomberg 's advices, buys pound, rents London housing and other shenanigans that big banks advertise.... - why don't you just hand over the money now

The banks can use some. Poor banks

That's why they give "free" advice. Makes them free money

PS: if anyone wants to invest as above, please calculate your affordable loss, don't trade, but send me half of the money

We all win

TudorIoan

Sep 6, 2016 7:47am

Permalink

Hey, Not! Love you for your determined attitude, buddy

I know you for a while as a wise trader. But you're too angry with the banks

Let's see:
1. if their free advice is shit (proved in time), anyone can do the other way round and be a winner;
2. if they prove right (in time), anyone can listen to them and be a winner too;
So I would say that in capitalism the banks are not necessarly a fraud themselfs.
...it's about us, the gamblers, the debtors, the guys who take options on some finacial given information

Take care, man!

Not-KPMG

Sep 6, 2016 11:41pm

Permalink

Quoting TudorIoan

Disliked

Hey, Not! Love you for your determined attitude, buddy
I know you for a while as a wise trader. But you're too angry with the banks
Let's see:
1. if their free advice is shit.....
...it's about us, the gamblers, the debtors, the guys who take options on some finacial given information
Take care, man!

Ignored

Hi Tudor
Long time no see

Did you go on big vacation?

Banks are OK, I guess, about 30%

I just like to criticise a little, mostly if they are contrary to my opinion.

But who cares, we decide for ourselves.
Good trading bud !

Not-KPMG

Sep 7, 2016 12:32pm

Permalink

Quoting Not-KPMG

Disliked

If anyone is following Bloomberg 's advices, buys pound, rents London housing and other shenanigans that big banks advertise.... - why don't you just hand over the money now The banks can use some. Poor banks
That's why they give "free" advice. Makes them free money
PS: if anyone wants to invest as above, please calculate your affordable loss, don't trade, but send me half of the money We all win

Ignored