Quote:
Originally Posted by Onkel Neal
Haha, it will have to wait till tomorrow...the DOW closed 600 down  |
Just give it a week or two Onkel, the £ was at an almost all time low to the $ (1.32) early on so anyone buying at that rate can currently cash in at around 1.37, quite a tidy sum for those financial institutions looking for a quick profit and the rise will continue a bit further it is being predicted.
At one point bank shares were down 30% so imagine the gain to be made for those who bought at that rate and this is before Mr Carney (B o E) actually starts to do something for his high salary, for a change.
The 'experts' all predicted the large drops but fell short of stating their intentions to purchase during the lows and reap the benefits when the conditions levelled off, which they most certainly will, if not to the original highs but not too far off.
Money not only looks after money but it also makes more of it.