Forex How do you short the GBP?

Discussion in 'Other Asset Classes' started by spludgey, 9th Apr, 2019.

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  1. spludgey

    spludgey Well-Known Member

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    I think that there's still a small chance of a no deal brexit. If that was the case, the pound would tank.
    Are there any ways of quickly shorting it? Ideally automatically based on an announcement, but I think I'm dreaming now.
    Also, I don't really know anything about shorting, but how much money could you roughly make if you invested $50k and the pound dropped 10% in a day?
     
    spludgey, 9th Apr, 2019
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  2. sqe

    sqe Well-Known Member

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    CFD. Check out a CFD trading house like IG markets, or CMC
     
    sqe, 9th Apr, 2019
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  3. willair

    willair Well-Known Member Premium Member

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    willair, 9th Apr, 2019
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  4. Trainee

    Trainee Well-Known Member

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    How is buying uk banks shorting gbp?
     
    Trainee, 9th Apr, 2019
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  5. willair

    willair Well-Known Member Premium Member

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    It would be a bit like predicting the future in the UK Banking sector ,but becomes enormously more dangerous when you start shorting the pound when you know nothing about it..Banks will ride on the way the pound is shorted and within my circle of competence ,that's my way of shorting..
     
    willair, 9th Apr, 2019
    #5