Monday, February 8, 2010

5-2 that the pound will fall to $1.50 (Extrabet)

Pound dives amid fear of UK debt crisis

"Britain took a battering in the financial markets today as investors concerned about a looming debt crisis in the UK dumped risky assets". IMF say "Britain in a similar situation to Greece & Spain" "Unless you can persuade the markets you're really going to bring the budget under control in the foreseeable future you're going to have big trouble.”

Posted by alan @ 08:43 PM (1001 views)
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5 thoughts on “5-2 that the pound will fall to $1.50 (Extrabet)

  • As I said to Le Tech weeks ago “IT’S OBVIOUS” but some have doubts about their trading. LOL

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  • “City bookmaker Extrabet gave odds of 5-2 that the pound will fall to $1.50……………….. by the end of this month.”

    hmmmm

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  • fallingbuzzard says:

    By the end of the month, I wouldn’t bet on that, by end of April/May I would but they wouldn’t give odds on that!

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  • The joke about getting out of a recession was to keep the sheople in the stockmarket whilst the establishment closed their long positions and went short the market. NEVER listen to market calls from the fane-stream-media.

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  • The broadsheets happily report that the problems are about the possibility of a hung parliament.

    I’d say its actually because the property market is being held up by freshly government-printed notes and has still not found anywhere near long term true value.

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