What's your prediction on the Australian Dollar?

[junbugging]

Up, up, and away:

 

[Pushka]

Interesting the calls for brexit cite that any rational government should make its own rules. Bring on the Republic here.

 

[junbugging]

Up, up, and away:

View attachment 73667

Ready for landing:

 

[Doctore1003]

GBP/USD just plunged 700 pips on the Newcastle and Sunderland results ... This is fun!

 

[marki]

Yep enjoying watching this all

 

[Awesom Andy]

The traders must be wetting their pants in excitement.

 

[Doctore1003]

The traders must be wetting their pants in excitement.

I'm in cash. Very few pro traders would take on this volatility. Plenty of amateurs will be tho.

Betting odds are now favouring Brexit. Crazy.

 

[Awesom Andy]

I'm in cash. Very few pro traders would take on this volatility. Plenty of amateurs will be tho.

Betting odds are now favouring Brexit. Crazy.

Depends on the system and strategy of the individual, I suppose. But yes, I can also see some of the amateurs treating this as legalised online gambling.

Remain is back in the lead for now. It's a bit like watching a football match.

 

[junbugging]

There are *so* many ways to trade a volatile market, not just long/short.

Just saw three major institutional bets on Remain, which helps to explain the quick bounce-back in the Nikkei 225. If they are wrong then there will be some non-negligible fallout.

 

[Awesom Andy]

There are *so* many ways to trade a volatile market, not just long/short.

Just saw three major institutional bets on Remain, which helps to explain the quick bounce-back in the Nikkei 225. If they are wrong then there will be some non-negligible fallout.

Probably a case of Murphy's law... Leave takes the lead again pretty much right after this happened. Quite interesting to watch, sitting at home now. (I'm in GMT+8 and don't start work till 11-ish).

 

[Teal747]

If the GBP keeps falling then that might disincentivise me to consider moving to the UK for my next job. A shame in some way because it would be a good experience and I'd theoretically be in demand there, though the salaries on the surface do leave something to be desired.

Although buying a property there will be a lot more affordable

 

[junbugging]

Total carnage:

 

[whatmeworry]

Whatever the vote, Bank of England will have to enter the market later today.

 

[junbugging]

Whatever the vote, Bank of England will have to enter the market later today.

The UK doesn't have enough FX reserves to go it alone.

 

[Doctore1003]

Whatever the vote, Bank of England will have to enter the market later today.

All the G7 will. Bet the BOJ is freaking out too ... USD/JPY dropped below 100 earlier momentarily

 

[Foreigner]

The traders must be wetting their pants in excitement.

And also whet their appetite for deal-making.

 

[whatmeworry]

BBC calling the Brexit. Pound has now lost value today then during the GFC. Expect less English tourists.

 

[earlyriser]

Damn should have chose my big yearly holiday to be to the UK instead of Ireland!

 

[Danger]

The traders must be wetting their pants in excitement.

Interestingly Reuters was reporting yesterday that Barclays and one or two other traders were prohibiting stop/loss orders for fear that if the pound dived there wouldn't be enough buyers to satisfy the orders.

BBC calling the Brexit.

Sky News (UK) and now BBC doing the same.

 

[Doctore1003]

Just bought more 'physical' USD for my holiday later this year. Locked in a rate through Qantas Cash that is better than the current FX market rate.