On 16 September 2014 19:42, Mervyn Lobo <mervynal...@yahoo.ca> wrote:
> On Tue, 9/16/14, Melvyn Fernandes wrote: > Scotland, a country that is 33 per cent land mass and 16 per > cent of the population of the United Kingdom, its major > revenue being "black gold" (oil) and "gold watch" > (whisky) forgets its economy relies on the strength of being > United. I am wondering if Scottish people of Goan origin > will vote whichever way the money goes. Will we being > seeing the first sign of a Scottish Rupee ditching the > Scottish Pound. At least if anything this will be a new > currency on the block as the world keeps chasing after the > sterling and the US dollar. > ------------------------------------ > > Melvyn Fernandes, > Speculators love a crisis. Any crisis. As such, your foreign exchange > traders are having a ball with the Great Britain Pound. > > Canadians went thru the same experience when Quebec had its referendum a > few years ago. > > The bottom line? Every time a country votes on whether it is going to > split or not, its currency takes a beating. > > There is easy money to be made. Every time. > > Mervyn > COMMENT: I may be wrong Caveat emptor but I think if it is a no vote sterling will shoot up and if it is a yes vote the market has this priced in don't see much downside.... There's not much money to be made in FX these days, volatility has gone. -- DEV BOREM KORUM Gabe Menezes.