Pound Plummets To New Lows; British Banks Halted After Crashing

zerohedge.com ^ | June 27, 2016

[dila813]

Yes, I wonder how much of this is panic and how much is this punishment to try to scare.

Either way, buying pounds will make you money. Its too cheap

[BBB333]

When I was a kid the Pound was worth $5.00 US.

It’s slid before...

[Buckeye McFrog]

Any connection to frantic hyperventilating media reports claiming this vote is the most catastrophic thing to happen in the history of the planet is purely coincidental. /s

[I want the USA back]

First of all, the scale does not start at zero, meaning that it visually exaggerates the magnitude of the change.
Second, the change represents the price that someone was willing to pay at the moment when he was asked. That does not mean that the entire totality of British pounds has lost its value.

[bert]

How does one buy Pounds?

[P-Marlowe]

An great opportunity to BUY.

[Principled]

They’ll sell a lot of exports and do a lot of tourism.

I may just hop over....

[libertylover]

How does one buy Pounds?

Go to your bank. They probably won't have any on hand, unless you go to a big city downtown branch, but they can get them for you in a few days.

[zeugma]

The globalists will be pounding the Pound in coming days to punish the voters, and reminding those in charge who is really the boss.

[Stentor]

So you want. to buy a BMW or a Tata

[refermech]

Yup, a lot of panic over nothing. Will be back up in a couple of months. Might even spark a healthy recovery for their exports.

[crz]

132 to the USD. BIG DEAL. Guess what it was around 1981.
I believe 1995 was another.

This is a typical panic brought on by outsiders.

[stormer]

Airport.

[glorgau]

Why am I thinking the pound is being manipulated here by certain malicious individuals?

Nah, it's probably just herd effect. Probably a good time to book rooms, flights, etc.

[pgkdan]

Good grief! Could that chart possibly be any more misleading???

[virgil]

I have no doubt that there is manipulation going on.

[mlo]

Profiting from something is not the same thing as making it happen. How is it that people are supposed to manipulate a currency?

[unread]

It's to bad the English didn't keep their “Pound Sterling” tied to real silver... Same could said for the good old USA.

Or was it ever tied to silver..???

[steve86]

Typically, by buying and selling futures contracts with huge leverage to force other contracts to cover.

[The_Republic_Of_Maine]

Your portfolio manager can arrange the buy. Call him. But, I would think soon, looks as if the fund managers are starting to think for themselves instead of reacting to the news.