Hi Pippy
I dont know if Sterling has a bottom - lots of soverign funds have it in their vaults and I cant see why they would not start to sell it off sometime soon. £1 = $1.... Then we'll join the euro if they'll have us :)
Roy
trading small
thanks for that. would I not be better to make one large trade and let it sit, hoping to reflect the market, rather than trade small and often?
Appreciate your point about overleveraging
I want to protect my GBP in a deposit account from further losses against the USD.
Basically I suppose I want to short the pound and go long on the dollar until I see a reversal of the current trend.
What do I use - Spreadbetting, Forex trading or CFD.
I am a UK citizen if that make s a...