Why I'm Bullish on GBP Despite Economic Struggles

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wolf_protoSenior Member
Posts: 41 · Reputation: 1748
#1Sep 2, 2019, 11:39 AM
Debt is basically the backbone of the world economy. I get it, things are tough in the UK, but hear me out. I'm actually bullish on GBP. Sure, life’s rough, but with higher loan rates and new government rules like stricter surveillance and anti-money laundering, the currency's gonna gain value. It's like when the going gets tough, the currency can actually rise. I’ve started buying GBP because I see the UK government tightening things up, which usually makes people flock to the currency. Smart investors are jumping on this too, especially since Rachel Reeves is doing a decent job boosting the value of GBP. Fiat currencies are often like coupons... you buy them when times are uncertain, right?
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