Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Buy & hold sterling

  • 03-06-2009 8:42am
    #1
    Gonzales
    Closed Accounts Posts: 314 ✭✭


    I don't hear a lot about people buying sterling at it's current low price & waiting for it to improve - seems like a good idea to me , am I missing something or are people avoiding investing in sterling? :confused:


Comments

  • #2
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    It was been kept secret ;)


  • #3
    Sand Wedge
    Registered Users, Registered Users 2 Posts: 226 ✭✭Sand Wedge


    Thats because sterling may fall again as Alistar Darling is looking into printing more sterling to reduce the credit crunch in uk. If more currency issued into market, that currency wil devalue. Just my opinion!


  • #4
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    Gonzales wrote: »
    I don't hear a lot about people buying sterling at it's current low price & waiting for it to improve - seems like a good idea to me , am I missing something or are people avoiding investing in sterling? :confused:

    Why does it seem like a good idea? Why do you think this is a 'low price'?

    The dollar fell in 2003 and hasnt recovered yet . . . .



    (I agree with you by the way - just wondering if you have a reason for your belief)


  • #5
    Gonzales
    Closed Accounts Posts: 314 ✭✭Gonzales


    pocketdooz wrote: »
    Why does it seem like a good idea? Why do you think this is a 'low price'?

    The dollar fell in 2003 and hasnt recovered yet . . . .



    (I agree with you by the way - just wondering if you have a reason for your belief)


    Based on past fx rates this is a low price. I reckon it'll recover because of the fact of what it is: The Sterling pound.

    I believe the STG is fundamentally strong.


  • #6
    Sand Wedge
    Registered Users, Registered Users 2 Posts: 226 ✭✭Sand Wedge


    The sterling is only as strong as the UK economy. The UK is even behind Ireland in trying to tackle the recession. Sterling is no longer one of the main traded currencies. Most trades are now in dollars and euros. If trades not being made in sterling, there is also less demand foer the currency!


  • Advertisement
  • #7
    Gonzales
    Closed Accounts Posts: 314 ✭✭Gonzales


    Sand Wedge wrote: »
    The sterling is only as strong as the UK economy. The UK is even behind Ireland in trying to tackle the recession. Sterling is no longer one of the main traded currencies. Most trades are now in dollars and euros. If trades not being made in sterling, there is also less demand foer the currency!


    Ok I get this, but I reckon taking on a hold on the currency will reap benefits in the future.


  • #8
    TTNYWWBM
    Closed Accounts Posts: 89 ✭✭TTNYWWBM


    I agree that the value of a currency is indicative of how well a country is doing economically. But not always the case.

    Currency trading IMHO is the riskiest investment, very hard to predict what is going to happen.


Advertisement