Quote:
Originally Posted by tweetiepooh
As with too many other times where there is a down turn there are leaches who sell short and hope for things to get worse. I've worked in companies that hit a hard patch and these low life come out boasting about how well they will do when the company collapses and they have to buy their short sold stock for a pittance. No thought of people losing their jobs and livelihoods.
Seems same is applying here. There are those "betting" on a sterling collapse and almost ensuring it's self fulfilling. And the brokers win whatever happens.
And this country we have doughnuts.
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For now.....
Incidentally the markets work the other way too. If sterling is too low then you'll make a ton buying it before it corrects itself. This isn't short selling but a lack of faith, justified or not, in the currency which is either temporary or not.