GBP (British Pound)

[behappyalways]

Sterling falls to new low against the dollar in Asia trade
http://www.bbc.com/news/business-36721016

[behappyalways]

減息落空　英鎊衝上10.4
美股續創新高　早段升逾百點
http://hk.apple.nextmedia.com/financees ... 5/19695499

[winston]

Chances Are Very Good I’ll Buy This Currency in the Next Year or Two

By Dr. Steve Sjuggerud

Source: True Wealth

http://dailytradealert.com/2016/07/26/c ... ar-or-two/

[winston]

GS on the British pound.

“The Pound should continue to catch down with the Bank of England’s substantial easing.

Our 3-month forecast for GBP/$ is 1.20, reflecting the severity of the negative shock to the UK from the Brexit vote,” wrote analyst Robin Brooks and team.

The pound closed to its lowest in three weeks on Monday as the Bank of England kick started its quantitative easing program.

The pound was little changed at 1.2989 per dollar this morning.

Source: Barron's Asia

[behappyalways]

[共度晨光]英國：將發行新版五英鎊塑料鈔
http://big5.cctv.com/gate/big5/news.cct ... 0909.shtml

[behappyalways]

Brexit fears send British pound to new 31-year low
http://money.cnn.com/2016/10/04/investi ... index.html

[winston]

Hard-Brexit

A Reuters report cited a study which claimed that in a "Hard Brexit" worst- case scenario, British finance firms may lose the right to offer freely their services across Europe. The outcome could include axing 75,000 jobs and tax revenue loss of up to 10 billion pounds (HK$98.64 billion)

Retail banks, asset managers, insurers and investment banks will all be affected. These firms employ about 1.1 million people who pay about 60 to 67 billion pounds in taxes a year.

However, some say worries are unfounded as other European capital markets lack the infrastructure or skills to take over Britain's role. If Britain can keep its access to the European Union at prevailing terms, only about 4,000 jobs might be axed.

If you don't believe that there will be a Hard Brexit, you should take profit and square your short-selling position in the cable at 1.2 to 1.25 against the US dollar.

In other words, if you have a child studying in England, you may start buying the pound at 9.30 to 9.70 against the Hong Kong dollar.

Source: Dr Check, The Standard

[winston]

Why British Pound Flash Crashed In Asia Hours

By Shuli Ren

The British pound plunged over 6% against the dollar at around 7AM Hong Kong time on Friday. It recovered most of its losses and traded down “only” 2% at 1.2370 per U.S. dollar.

With 46% of exports from the UK being sent to the EU, the UK may have to pay a high economic price for this strategy.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... sia-hours/

[winston]

Pound’s safety-valve status in jeopardy

The drop caused companies to downgrade profit forecasts, threatened to fan inflation, and also hinted at a further fall from grace for what was once the global reserve currency.

For consumers already noticing the higher cost of foreign travel, the risk is that a weaker currency results in price rises at home, while faster inflation may make it less likely that the Bank of England will be able to support a slowing economy via lower interest rates or more asset purchases – increasing the risk of stagflation.

Source: The Star

http://www.thestar.com.my/business/busi ... -jeopardy/

[winston]

Pound Slides a Fourth Day as Losses Torpedo Analysts’ Forecasts

by Anooja Debnath

Political risk makes it ‘much harder’ to forecast pound: ING
Currency extends drop after comments from BOE policy makers

Even though from a fundamental perspective the currency is “ultra cheap,” political uncertainty could cause it to fall even further

The Times reported Tuesday that if Britain left the single market in a hard Brexit, it could cost the Treasury 66 billion pounds a year, with economic output shrinking by some 7.5 percent after 15 years, if the U.K. quits the EU without any successor arrangement.

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... -forecasts