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Thread: When stocks rebound, WHERE best to invest?

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  1. #1
    Quote Originally Posted by BillN View Post
    what's happening to the £? - it's steaming ahead against both the US$ and Euros

    OK, you'll tell me that news is worst in the US and Europe than in the UK, and Brexit may be delayed ....... and quote lots of facts ..........but I still don't "get it"

    During a recession the GBP normally falls as it’s gets sold for dollars and other safe currencies(look at GBP in 2007-8/against $ went from 2-1.4). However this time the GBP was already very weak against most currencies so it was oversold and ‘was effectively cheap against a basket of other currencies’ hence it recovered some ground.

  2. #2
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    Quote Originally Posted by jonny View Post
    During a recession the GBP normally falls as it’s gets sold for dollars and other safe currencies(look at GBP in 2007-8/against $ went from 2-1.4). However this time the GBP was already very weak against most currencies so it was oversold and ‘was effectively cheap against a basket of other currencies’ hence it recovered some ground.
    Oh, I see, it's that simple is it!!

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