Changing Sterling for EUR pre- Election. Good or bad idea?

[YRRunner]

The concensus seems to be that Sterling will tank if we get a hung election. With this in mind, is it a good idea to change a largish amount of sterling into EUR, hope for a hung election, wait for sterling to drop and then buy the Sterling back? My other question is... who are the best large currency dealers out there? Thank you.

[Four Cofffee]

YRRunner said:

The concensus seems to be that Sterling will tank if we get a hung election. With this in mind, is it a good idea to change a largish amount of sterling into EUR, hope for a hung election, wait for sterling to drop and then buy the Sterling back? My other question is... who are the best large currency dealers out there? Thank you.

I may buy a few thousamd pounds in dollars because even if the £ doesn't fall, I holiday with the $ so the risk is minimised; it will still be worth its weight in meals, wine and beer. Not sure if I would do it as an investment unless I had very low commission fees.

[matsmith]

The best way would be to spread bet but dont use leverage. That way you wouldnt have the big commissions and would have the ability to close the position at any time

Im bullish on the euro vs gbp, but for my money im more bullish usd vs gbp

When the proverbial hits the fan the world runs to the dollar for safety

[sonic_2k_uk]

YRRunner said:

...is it a good idea to change a largish amount of sterling into EUR, hope for a hung election, wait for sterling to drop and then buy the Sterling back?

Not if the EUR drops first.

http://pistonheads.com/gassing/topic.asp?h=0&f...

[Maxf]

Why Euros and not US$? surly with Greece, Portugal and possibly Ireland and Spain confidence in the Euro will be as weak as Sterling, and they will all continue to be measured against US$.

[YRRunner]

Makes a lot of sense. Thank you for your insightful replies.