Oh, Brexit… you silly little political movement – have you seen what you’ve done to the markets?!
Even worse…
Have you seen what you’ve done to your own currency?
The British Pound has taken a shellacking since the outcome of the Brexit vote – and it doesn’t seem the beating will stop any time soon…
That’s why most people seem to be staying away from the Pound and shorting it like the Dickens!
In fact, if you read any of the news sites – you’re seeing two words in conjunction with the British Pound and many British Stocks: “sell” or “short”.
And if you follow the masses, this is EXACTLY what you’ve done. However…
To all the contrarians out there – there’s another idea going through their heads…
It’s “buy.”
You may be thinking to yourself, “Buy? What are you crazy? The Pound recently just hit a 30-year low and countless British stocks have taken a beating! Who would buy THOSE?!”
Smart investors, that’s who!
According to Bloomberg, Bank of England Governor Mark Carney said that his concerns about the Pound’s decline had been borne out since the Brexit vote, while adding that the weaker currency should help exporters.
Recently, the Pound dropped to $1.3000 to the dollar, the lowest since 1985, and to 85.09 per euro, the weakest since October 2013…
Almost all of the analysts who changed their forecasts since the referendum are expecting the pound to remain weak, with many calling for the currency to end the year at or below $1.30.
So why should you consider capitalizing on this troubled currency?
Simple…
While the Pound may remain weak through the rest of the year – it most certainly won’t stay that way forever.
We can buy stocks that were affected by Brexit for cheap right now and when the Pound recovers, history has shown that it not only rallies, it rebounds above previous heights…
By not taking a good hard look at the various opportunities surrounding Brexit – we could be leaving so much money on the table that come next summer we’ll be kicking ourselves over it!
That’s why I’ll be looking closer into which stocks present the best possible moneymaking opportunities and I’ll be sure to let members of myGorillaTrades trading service know the moment I find one.
Now, while you’re under the umbrella of GorillaTrades, you’re technically not a subscriber…
To get the best and most reliable money making picks from my risk-adverse system – you’ll have to join officially. We’d love to have you back!
Either way, please take a closer look at going against the grain on the Pound – it could be the smartest move you make this decade!
“It is not enough that we do our best; sometimes we must do what is required.” ― Winston S. Churchill
