Scottish devolution - money to be made?
Discussion
Divest your portfolio of anything Scottish.
Post Yes, Scots will likely default on some sovereign and personal debt.
So, post Yes, let asset values slide then buy at rock bottom prices. The uncertainty is already being factored in by the markets so just now it is a question of selling Scots, buying rUK.
Post Yes, Scots will likely default on some sovereign and personal debt.
So, post Yes, let asset values slide then buy at rock bottom prices. The uncertainty is already being factored in by the markets so just now it is a question of selling Scots, buying rUK.
NailedOn said:
The uncertainty is already being factored in by the markets so just now it is a question of selling Scots, buying rUK.
Yes/no. It will swing one way or another depending on how the vote goes. If you think the union will split up then sell sterling, if you think it'll stay together buy sterling. The market has no idea which way it will go, and so the valuations are currently expecting neither one outcome nor the other. There will be some pretty major money made and lost on the day of the vote.
Anybody staying up to trade the FX that evening?!
Condi said:
Yes/no. It will swing one way or another depending on how the vote goes. If you think the union will split up then sell sterling, if you think it'll stay together buy sterling.
The market has no idea which way it will go, and so the valuations are currently expecting neither one outcome nor the other. There will be some pretty major money made and lost on the day of the vote.
Anybody staying up to trade the FX that evening?!
Why trade FX, vulnerable to many other factors, rather than just bet directly on the outcome?The market has no idea which way it will go, and so the valuations are currently expecting neither one outcome nor the other. There will be some pretty major money made and lost on the day of the vote.
Anybody staying up to trade the FX that evening?!
Efbe said:
TheRainMaker said:
IT bods will make an absolute fortune if a yes vote goes through, think of all the systems which would be needed.
Customs
NHS or SHS as it would be known
Tax
DVLA/ MOT
Army
State Pensions
etc etc
essentially any company that has customers in England and Scotland.Customs
NHS or SHS as it would be known
Tax
DVLA/ MOT
Army
State Pensions
etc etc
Big gaps on GBP/USD over the weekend when the yes vote came in higher http://clip2net.com/s/iTaRE4
If they do break away, it will drop just a little
If they do break away, it will drop just a little
Shaoxter said:
If you think the yes party are going to win then bet on betfair as people have said. Too many other factors in FX, and the slide in GBP is not just due to the referendum.
Just checked the odds - you can get 3.05 (i.e. bet £100 win £205/get £305 back).
If you bet on one outcome then thats all your winnings though, the point of trading the FX is that you can take advantage of the ebbs and flows of the outcome. IE you can change your position throughout as results are released or whatever. Also if things move against you then you can mitigate losses. Just checked the odds - you can get 3.05 (i.e. bet £100 win £205/get £305 back).
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