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brexit EUR/GBP gamble
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09-05-2016 8:31pm#1The bookies have it at 1/3 vote stay and 9/4 to leave on average.
The GBP is trading at 1.26 or so against the EUR
Do you think the pound will rally after brexit or collapse.
I think its heading for 1.45/1.5 as I am starting to think a brexit is less likely.
Money to be made
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If a brexit is seen as unlikely by bookies, you etc. Do you not think that is reflected in the price already? As in, upside potential is far less than you anticipate compared to the flipside.
I think you make an excellent point.
I was thinking that since December the price has fallen from 1.4 to 1.26
the bank of england mentioned that this is partially due to uncertainty
in the brexit vote.
https://www.theguardian.com/business/2016/mar/17/bank-of-england-blames-falling-pound-on-brexit-fears
I could be wrong tho
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