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Everyone I've spoken to is out, for various reasons but they've voted out, close call my ***, if this goes stay its been rigged...bloody wrong BUT no surprise there then
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insider trading i would say the markets are open 24 hours a day all over the world they judge the pound not usRay don't get hung up on the FX rates this evening. Many of the FX brokers decided to cease trading for 48 hours from this morning and the currency markets are currently in limbo.
I had a chat with our broker earlier this week (Cornhill we use mostly) as he was asking us if we had any trades that needed placing this week they needed to be done before close of play on Wednesday.
Sterling had dropped artificially low in the run up to this event and what's happening now is a small correction and a bit of profit taking.
In short, the currency markets are not normal tonight, this is out and out gambling.
insider trading i would say the markets are open 24 hours a day all over the world they judge the pound not us
and pay for there knowledge
alpha rithemems the £ is still going downMany trading firms (but not all) have chosen not to operate until the result is declared.
What you're seeing now is likely to be automated trading.
Surely though it don't matter what the pound is doing, pound goes down, UK's sales will go up
its about all those that buy the £ and what they knowSurely though it don't matter what the pound is doing, pound goes down, UK's sales will go up
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