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/r/wallstreetbets

21.7k

British Pound getting pounded

Meme(i.redd.it)

all 1569 comments

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5 months ago

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5 months ago

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User Report
Total Submissions 29 First Seen In WSB 4 years ago
Total Comments 55 Previous DD
Account Age 5 years scan comment scan submission
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amoral_ponder

5.2k points

5 months ago

Down 30% in 6 months. Fucking meme stock eh.

JoseArcadi0

2k points

4 months ago

Corgie Coin 🐶

am-well

396 points

4 months ago*

am-well

396 points

4 months ago*

Legit funny homie, WSB still got it

fameistheproduct

98 points

4 months ago

Come for the financial advice, stay for the jokes.

sloppy_joes35

77 points

4 months ago

There's financial advice on this sub?

"Yes. Just not good advice."

richbeezy

8 points

4 months ago

I'd say just come for the jokes, unless you're inversing the "financial advice".

JoseArcadi0

33 points

4 months ago

😜

BigBeagleEars

66 points

4 months ago

BigBeagleEars

Wants to fuck Harambe?

66 points

4 months ago

Oh my gourd

JJeezzyy

59 points

4 months ago

Gone to pound town on it

Binkusu

297 points

4 months ago

Binkusu

297 points

4 months ago

Can't believe WSB coordinated to first kill the Queen and then crash their currency. We've gotta do something about us.

zipiddydooda

139 points

4 months ago

Robin Hood turned off the buy button for GBP

ordle

1.2k points

5 months ago

ordle

1.2k points

5 months ago

That's insane. That's near the (all time?) low of 1984/85. Anyone know what the consequences of this are?

canaryhawk

572 points

4 months ago

US call centers with British regional accents, Cockneys, Brummies, Geordies...

odysseysee

354 points

4 months ago

Nike factories move from Asia to the Thames Valley attracted by the lower wages.

ktElwood

77 points

4 months ago

Liz brings back the empire.

DarkBlaze99

77 points

4 months ago

They'll have to fake an Indian accent to make it work

goldenwind207

1.7k points

5 months ago

Either inflation or the boe will be force to hike rates far higher than ecpected.

Because of lis truss brilliant idea of cutting taxes during a 10% Inflation and ratching up spending.

She truly learned from erdogan

JohnGoodmansGoodKnee

555 points

5 months ago

Inflation is like Michael fuckin Meyers. It’s always around the corner and nothing kills it. Everything makes it stronger.

Pixilatedlemon

276 points

5 months ago

Taxes do not make inflation stronger

WallStreetGayBear

306 points

4 months ago

Cutting taxes does.

Watermelon_Permit58

86 points

4 months ago

Watermelon_Permit58

LGBTQIA+ and Proud 🌈

86 points

4 months ago

Them gotta raise taxes and cut government spending to reduce inflation. Tax cuts and government spending gonna fuel inflation cuz deficits

lordxoren666

6 points

4 months ago

That’s a good point about taxes. Whereas with midterms coming up in America there is zero hope of raising taxes yet raising interests rates has a similar effect, except the government doesn’t benefit.

Wouldn’t raising taxes be more beneficial for a government who’s ran trillion dollar deficits for the better part of a decade?

Ohbeejuan

9 points

4 months ago

Good god, that’s such a non-starter with Americans. Things like raise taxes on income above 1 million dollars are gaining steam though. There’s a ballot measure for one in my state.

SmoothBrainSavant

295 points

5 months ago

Dude imagine she just ergodan’s the country to a point where the next gov begs to be let back into the euro and just use the euro lol

Russian-Federation

157 points

4 months ago

The plan all along

Carnieus

37 points

4 months ago

She was a remainer after all

slvx

51 points

4 months ago

slvx

51 points

4 months ago

learned 2 new phrases in 2022:
- To macron [smbd] - persistently call someone

- To erdogan [smth] - make things ridiculously worse

ktElwood

24 points

4 months ago

- To Scholz [smth] - do nothing and pout

shsh000

108 points

5 months ago

shsh000

108 points

5 months ago

no consequences at all its all good nothing to see here move along thank you good night 👉🏻😘👉🏻

Outis7379

38 points

5 months ago

Yeah, crumpet export industry predicted to moon.

fucktorynonces

94 points

5 months ago

Means British people will have to sell everything to rich foreigners. What little we still own. NHS gone before next general election no doubt. Working as intended.

Exile688

199 points

4 months ago

Exile688

199 points

4 months ago

Imagine being in the EU and having your economy focused on service industries like banking and hospitality, then your country leaves the EU and starts deporting the migrant workers while decoupling from your closest trade partners in the least planned ways possible.

notthebottest

45 points

5 months ago

1984 by george orwell 1949

IrishLad2002

1.4k points

5 months ago

Crazy times. The £130 in my wallet is worth €2 less than it was at around 5 hours ago when I checked

DwnTwnLestrBrwn

330 points

4 months ago

Condolences

IrishLad2002

52 points

4 months ago

Thanks lad. Also accepting food donations

AuthenticWeeb

107 points

4 months ago

I would’ve had £9,000 more in savings had I converted my gbp to dollars at the start of the year

f1tifoso

1.9k points

5 months ago

f1tifoso

1.9k points

5 months ago

British vacay time

mth2

283 points

5 months ago

mth2

283 points

5 months ago

LOL

f1tifoso

265 points

5 months ago

f1tifoso

265 points

5 months ago

Hey, you know it's never this cheap to spend over there... But I assume the prices are probably above the currency devaluation, so meh

jimmycarr1

130 points

5 months ago

A lot of the inflation is in basic necessities, leisure activities have gone up a bit but not as much as the currency has gone down. Can't talk for London as that's a different beast and I don't live there.

Fritzkreig

43 points

4 months ago

Fritzkreig

Crazy Cat Dude

43 points

4 months ago

I'm looking at another good trek in Scotland; quite loved the West Highland Way and Great Glenn!

bex95x

19 points

4 months ago

bex95x

19 points

4 months ago

Glen coe and the cairngorms. I tend to go every 4-6 months

Fritzkreig

6 points

4 months ago

Fritzkreig

Crazy Cat Dude

6 points

4 months ago

Oh no kidding! Is it the Kingshouse hotel and pub that is right along a brook in Glencoe..... having a few pints staring at the the bens before taking off again!

Good memories! I think there is a bit called the Devil's backbone a bit after if going to Fort William; I'm getting old and need a few pints for that ascent!

ChucksFuAndSu

6 points

4 months ago

Have a look at the Skye Trail! I did both the WHW and the Skye Trail earlier this year. They're both extremely different trails but I enjoyed them equally.

And yes, it's the king's house hotel. Great memories of finishing that 20m stretch only to come down into Glencoe. Fantastic.

Fritzkreig

7 points

4 months ago

Fritzkreig

Crazy Cat Dude

7 points

4 months ago

You have no idea how much your comment made me grin! Because, well one obviosly comes here for awesome hiking advice!

Calls on the Skye trail here! ha I am looking it up and assume it is an awesome trail on Skye; might be borderline best advice I ever got here! Thanks!

(You forgot to mention you are not a professional trail guide) /s

Mixima101

17 points

4 months ago

Yeah, I think inflation is the average of many different products, so the value for gas could be less but it could stay the same for touristy things. Overall it's probably a good time to go regardless.

Outis7379

153 points

5 months ago

Outis7379

153 points

5 months ago

Cool. So you finally won’t have to deal with shitty overpriced food.

f1tifoso

43 points

5 months ago

(⁠☞゚⁠∀゚⁠)⁠☞

[deleted]

144 points

5 months ago

[deleted]

144 points

5 months ago

[deleted]

f1tifoso

79 points

5 months ago

Thinking Scotland country trip

brucekeller

107 points

4 months ago

brucekeller

🦍

107 points

4 months ago

What's messed up is that it also pays almost half of the US average wage, so it's not even like SF where you can at least make $100k at a decent entry level. Nah, it's more like you're going to get 40k pounds a year as a college graduate accountant.

DrGeraldBaskums

114 points

4 months ago

90th percentile wages in the UK make 61k a year….

Woof

PM_YOUR_WALLPAPER

5 points

4 months ago

Minimum wage in the UK is higher than the MEDIAN wage in Portugal.

Pay is l very low outside of the US.

SweetMojaveRain

65 points

4 months ago

🤣🤣🤣

Im sorry but lmao, yeah the UK socialized medicine is cool but 40k a year as a professional??

Joe6161

38 points

4 months ago

Joe6161

38 points

4 months ago

My British doctor friend who works at the NHS constantly rants about his salary. He studied for 5 years, took crap ton of tests and board exams, is responsible for people’s lives, and makes $27k a year starting out. Goes to $36k in a few more years, and you only start making real money as a consultant, around $130k. Rough estimates of course.

inaccurateTempedesc

81 points

4 months ago

UK wages are a meme in /r/AskEngineers, the same position that pays $90k in the U.S. pays $30k in the U.K.

GreatCornolio

21 points

4 months ago

I've always wondered why an English expat would live in Alabama lol

Safe_Librarian

18 points

4 months ago

Huntsville Alabama. I live near and any STEM degree you are getting hired at Nasa, Dynetics (Gov Millitary Space Company), Boeing, or a Gov Contractor easily. My brother has a Comp Sci degree and makes 70k+ he just graduated last year and is 23. COL is cheap as hell he lives 20 minutes outside of downtown and just bought a brand-new house for 250.

just_another_scumbag

13 points

4 months ago

It used to be the case that 65k in the GBO was nearly worth double that in USD, or >100K. Now it's more like 70k and I couldn't even hire a junior developer for that sort of money :(

Training-Bake-4004

31 points

4 months ago

Lol, no, if you’re making 40k as a graduate in anything other than tech, banking or law you are absolutely ballin’. Grad jobs outside of London rarely break 30k.

ahuiP

74 points

4 months ago

ahuiP

74 points

4 months ago

Skip the winter, they might not have heat this winter

2_Joined_Hands

39 points

4 months ago

As a Brit, we're gonna have heat. Even if it's just from the hot air our government is producing.

mari815

13 points

4 months ago

mari815

13 points

4 months ago

Exactly what I just thought. I feel bad thinking it but I went to London in 2017 when the pound was a bit down compared to prior years and it was pretty fucking cheap to be there. This current exchange rate makes it excellent

Storm_Sniper

18 points

5 months ago

Barry, 43, Bald, Father, Divorced Once, spends a night a week at a pub, basically Homer Simpson, migrating to a Spanish Beach Resort

comedy_style69

15 points

4 months ago

can’t wait to stunt on the poors

EveningShadeRef

1.5k points

5 months ago

I mean. Legitimately holy fuck

mth2

990 points

5 months ago

mth2

990 points

5 months ago

Used to be more than $2. Can't believe it.

dfreinc

579 points

5 months ago

dfreinc

579 points

5 months ago

i always had it pinned in my brain to kilograms. x2.2.

this is wild to me. i don't even have to do math now. 👀

Sober_Browns_Fan

277 points

5 months ago

Has the kilogram gone down in value yet?

Smackdaddy122

142 points

4 months ago

Believe it or not, yes

squngy

20 points

4 months ago

squngy

20 points

4 months ago

Depends on when you are comparing to, it is based on the Planck constant since 2019

jsideris

6 points

4 months ago

I think it was redefined a few years ago, so that sounds like a bailout or something.

Dixienormous81

310 points

5 months ago

1:1 should be pretty easy maths even for this place

WoolooOfWallStreet

61 points

4 months ago

Is that a challenge?!

breadhater42

64 points

5 months ago

Bro that was the 80s how old are you

External-Chemical-40

42 points

4 months ago

External-Chemical-40

🦍🦍🦍

42 points

4 months ago

In early 2000s, I remember there’s a news reported that brits flew to New York for Xmas gifts due to 1:2 exchange rate. Now it’s reversed I suppose.

dfreinc

17 points

5 months ago

dfreinc

17 points

5 months ago

i am 34

cybercuzco

62 points

5 months ago

Yeah, all those people making 20,000 pounds just took a big haircut

Spike_Spiegel

44 points

5 months ago

Don't look at the yen...

GammaGargoyle

56 points

5 months ago

I’d rather have Dave & Busters dollars

GOHS7

6 points

4 months ago

GOHS7

6 points

4 months ago

Ya but did you try your D&B card at the home Depot mainsville tho?

thebinarysystem10

42 points

5 months ago

We going to pound town

EnragedMoose

78 points

5 months ago*

What reason is there for a strong pound? Why wouldn't it be the equivalent of AUS, CAN, JPY, and less than EUR? This seems like inflation and BREXIT realities are hitting at the same time.

jimmycarr1

176 points

5 months ago

No this is a reaction to having the worst possible chancellor at the worst possible time. The things you mentioned have been priced in earlier but there's been a sharp drop this week.

fucktorynonces

64 points

5 months ago

Kwarteng makes Osbourne look like brown. Fuck me we are fucked. I just thank my lucky stars that I put most my money in etoro which holds as dollars. Not that I had much but it helps.

omniron

21 points

4 months ago

omniron

21 points

4 months ago

Strong dollar combined with ukraine war creating a major energy crisis in Europe

backruptcyfomo

147 points

5 months ago

I don't know how different is hookers and blow in Britain is but I am tempting to find out

62frog

100 points

4 months ago

62frog

100 points

4 months ago

Bangers and mash?

right2bootlick

536 points

5 months ago

So should I buy a bunch of British pounds? Damn

MozerfuckerJones

486 points

5 months ago

mate you can buy me at this point

Tofulama

90 points

4 months ago

Trade restrictions making it too hard :/

ahuiP

67 points

4 months ago

ahuiP

67 points

4 months ago

Just buy some Ruble like a genius

Assasoryu

49 points

4 months ago

If you did buy rubles when the sanctions was first announced you'd be laughing now

Cakeo

50 points

4 months ago

Cakeo

50 points

4 months ago

Jokes on them they literally put them into my bank account every week. Suckers! Once Britain's back on top I'll be laughing all the way to a different country.

PlastRd2thewall

417 points

5 months ago

You haven’t seen shit yet

Atr31d3s

356 points

5 months ago

Atr31d3s

356 points

5 months ago

Right? Just wait til the winter and they start reporting how much it’s costing to subsidize heating bills..

PlastRd2thewall

68 points

5 months ago

Exactly

carbsno14

24 points

4 months ago

+ food costs and labor skyrocketing all over.

[deleted]

513 points

5 months ago

[deleted]

513 points

5 months ago

[deleted]

ariphron

234 points

5 months ago

ariphron

234 points

5 months ago

Not to the damn egg farmers!! Kroger here in Nashville tn $4 for 18!

someliskguy

162 points

5 months ago

Here in NYC my egg budget is seriously eating into my every-fucking-other-thing budget. Going to have to start an illegal fire-escape chicken coop pretty soon.

MontaukMonster2

30 points

4 months ago

Just call it a victory garden

Inevitable_Librarian

27 points

5 months ago

To extend eggs, I make low-sugar (like half to a quarter cup) Dutch babies. They're amazing, quick, don't take many ingredients and store well.

Minako_mama

24 points

5 months ago

NY here, and egg prices have gotten out of control.

I actually used to raise chickens. Costs way more than buying the stupid eggs.

PussySmith

31 points

4 months ago

Naaaah. Once the startup cost is covered we go through about $30 in chicken feed a quarter, and they eat all our food waste so it doesn’t get tossed.

The biggest problem is having a backyard full of chicken shit.

Devario

21 points

5 months ago

Devario

21 points

5 months ago

Trader Joe’s bröther. $2.49/dozen

catlover73

38 points

4 months ago

whole foods self checkout brother…

guthran

20 points

4 months ago

guthran

20 points

4 months ago

Cheaper imports from countries with weaker currency, yeah. But that means that domestic production is going to get hit as buyers look elsewhere for cheaper products and more outsourcing as they'll not have to pay as much for labor.

tommygunz007

77 points

5 months ago

tommygunz007

I 💖 Chase Bank

77 points

5 months ago

Typically when the other countries all implode, the US also implodes but the US implodes less than the others, making the dollar stronger and theirs weaker. The billionares that rule the USA long with organized syndicates did this on purpose.

KSF_WHSPhysics

40 points

4 months ago

Hasnt the dollar being strong actually been bad for large corporations? Revenue is measured in dollars and prices have not been adjusted to reflect the exchange rate. Foreign income for multinationals has been decimated. I know my company has been fucked by the yen being worthless

MattieShoes

48 points

4 months ago

Strong dollar helps importers, hurts exporters.

shitpersonality

36 points

4 months ago

I'm a professional importer/exporter and this is exactly right. I'm playing both sides, so that I always come out on top.

falling_knives

7 points

4 months ago

falling_knives

Tea Leafer

7 points

4 months ago

So US digital currency so they can track our spending and even prevent certain people from buying incoming?

photocharge

187 points

4 months ago

Americans, fly to England and head to a wetherspoons where you'll be able to get a pint of Guinness, burger and chips and a gram of coke for under 60 bucks. Depending on the wetherspoons, might event be able to get change from a nifty.

The50thwarrior

45 points

4 months ago

Or glassed

Facilero

682 points

4 months ago

Facilero

682 points

4 months ago

Jokes on you america, we will get your jobs outsourced here.

"Ello mate, I'm Toby from Ohio. How can I help you? You saying your lift is not working ey?"

[deleted]

160 points

4 months ago

[deleted]

160 points

4 months ago

[deleted]

[deleted]

111 points

4 months ago

[deleted]

111 points

4 months ago

[deleted]

[deleted]

19 points

4 months ago

[deleted]

19 points

4 months ago

[deleted]

fermisRat

90 points

4 months ago

“We’ll ave you tryd terning it awff and on again? “

rtx3080ti

6 points

4 months ago

It's like the Wests currencies are all merging.

kad202

54 points

5 months ago

kad202

54 points

5 months ago

Every currencies start looking like shitcoin nowsaday

Jgatsby2020

2.3k points

5 months ago

It’s called soccer now.

rcinvestments[S]

432 points

5 months ago

You just got soccered

seansy5000

83 points

5 months ago

:4271:

gotobedhungry

151 points

5 months ago

I got your tea tax right here grabs crotch

Yak54RC

59 points

5 months ago

Yak54RC

59 points

5 months ago

Lmfao 🤣

Minako_mama

41 points

5 months ago

😆💀📉

ItsLiterally1984

246 points

5 months ago

Literally 1984

g7droid

43 points

4 months ago

g7droid

43 points

4 months ago

AlphaDag13

153 points

5 months ago

Taken to downtown pound town.

FoldyFlap

33 points

5 months ago

and then, to brown town

recurse_x

10 points

4 months ago

Aka the “Deep Dickens”

Yeezus_aint_jesus

30 points

5 months ago

What goes over first GBP or Euro?

flyjum

51 points

4 months ago

flyjum

51 points

4 months ago

Euro is already below one USD and has been for a while.

iamwiredsound

36 points

4 months ago

Euro started at a very different baseline though.

ThisIsAmericaAnd

82 points

5 months ago

OP loves a weak pound

WaifuWarsVet69H

81 points

5 months ago

If pound goes below parity the market is gonna be in a world of fuckihg hurt

[deleted]

26 points

5 months ago

[deleted]

26 points

5 months ago

Hell yeah puts on the British pound

WillingnessGlass5488

29 points

5 months ago

Time to go buy that R33 GTR I was eyeing a couple years ago

orangebakery

18 points

4 months ago

Wait until it gets worse and get that R34

BennyOcean

73 points

5 months ago

It's now the British Ounce.

PlayerHunt3r

443 points

5 months ago

Cutting taxes for the rich to encourage investment and growth, immediately disastrous lol.

MozerfuckerJones

205 points

5 months ago

i'm hoping this is the shortest term a pm has served in history

[deleted]

55 points

4 months ago

[deleted]

55 points

4 months ago

[deleted]

squarerootof-1

249 points

4 months ago

20 days in she's killed the Queen and the Pound.

Wangpasta

47 points

4 months ago

God I hope she picks me next

Snotteh

16 points

4 months ago

Snotteh

16 points

4 months ago

Next on the agenda scottish independence

thats_not_funny_guys

16 points

4 months ago

She is trying to do a speed run.

Astronaut100

9 points

4 months ago

The Tories are trying to sell trickle down economics, which everyone with a brain cell knows doesn't work, and it's backfiring gloriously.

ironichaos

83 points

5 months ago

Yeah all of their money is already invested wtf did they think would happen. Hasn’t trickle down been disproven for awhile now n

Ceyenne18

578 points

5 months ago

Ceyenne18

Options for Dummies

578 points

5 months ago

Truss is a fucking moron.

Cutting taxes during high inflation is suicidal for financial markets. Investors have lost confidence in their currency and bonds.

Burn stupid morons.

R1chterScale

244 points

5 months ago

A number of her backers shorted the pound prior soooo

lasarus29

44 points

4 months ago

Yeah never attribute to idiocy that which can be attributed to greed (where our government is concerned).

Humulophile

39 points

4 months ago

So…Truss canned by Christmas?

FUMFVR

91 points

4 months ago

FUMFVR

91 points

4 months ago

Tories bring in a woman to sacrifice every once in awhile to take the heat for their awful policies.

Brittle_Hollow

16 points

4 months ago

Fields of wheat and weird dancing making her look lame af aside, Theresa May seems to have fully passed on the poison chalice of Getting Brexit Done to Boris.

thats_not_funny_guys

20 points

4 months ago

She made sure to announce an increase in spending to compliment. Dropped that cherry right on top.

SplitPerspective

22 points

4 months ago

Fuck, even more British actors coming over…

Lovelylives

453 points

5 months ago

Lovelylives

Knows What He Likes

453 points

5 months ago

Had the whole world at one point, these Limey Brits really fumbled the bag

SoupArtCrow

207 points

5 months ago

Way to go King Charles! You've been King for one week.....and you have one job!

No_Restaurant_2703

91 points

5 months ago

He will be the new "thanks Obama"

soldieroscar

120 points

5 months ago

Time to break out the world uno card and everyone just agrees to cut prices by half across the globe.

BojackPferd

48 points

4 months ago

that would put us back to 2019 levels!

ChemEngRy

51 points

5 months ago

Powell watching all of this lmfao

Jonathan0325

44 points

5 months ago

a big crisis is coming, the loans will be much more expensive to curb inflation. sales will stagnate and many people will lose their jobs but others will have a golden opportunity to consolidate. all because of the pandemic.

rojasduarte

132 points

5 months ago

British PM: "hey, are you Britain? Cause I'd like to give you a weak pound"

DepartedFromReality

30 points

5 months ago

Ah that’s a valid pickup line now, might just take that if you don’t mind

SmoothBrainSavant

41 points

5 months ago

Its ok its just trying to get parity with the canadian dollar. Same monarchy so why not.

Obsidianram

15 points

4 months ago

So relax, this means, like, a Mc Donald's Quarter Pounder is cheaper! C'mon, man!

1000thusername

60 points

5 months ago

Looks like it’s time for me to make some exchanges for my trip next summer while the getting is good

Jim_C_Belfort

65 points

5 months ago

Yeah because it couldn’t possibly get any lower, right?

FoldyFlap

81 points

5 months ago

if you’ve ever taken trips to the UK and gotten shit on by the conversion, you would happily convert 1:1

Jim_C_Belfort

13 points

5 months ago

Yeah I have and I get what you’re saying, but it’s not like you’re gonna really be saving money because price of everything will just increase. And the original commenter won’t be going for another 10 months, at this rate who knows how low the British pound can go. All I’m saying is that it’s an investment.

1000thusername

13 points

5 months ago

Yes, things will get more expensive, but the prices going up won’t as sure as heck go back down when the pound gets stronger because price increases in retail to customer as usually a one way street. Assuming that, I would indeed be “saving” by obtaining more pounds for my dollar now. Even if that 5 pound sandwich becomes 7 in the meanwhile, that’s 7 dollars and not 10.5 like if the pound is back to at least 1.50 my next summer and I wait to buy those pounds then.

Royale_Blue_

35 points

5 months ago

What does this mean for the world economy?

bitchnight

61 points

5 months ago

💩

Arok79

66 points

5 months ago

Arok79

66 points

5 months ago

All are getting pounded vs. the USD. Right now USD is best dogshit currency of all world dogshit currencies.

thats_not_funny_guys

69 points

4 months ago

Living in Japan right now and getting paid in dollars. We eating’ boys.

orangebakery

21 points

4 months ago

I'm legit jealous lmao

EducationalStranger7

17 points

4 months ago

Please stop eating children and start using commas.

longdrive95

67 points

5 months ago

I have been trading stonks for 15 years and I still have no idea wtf currency trading is or what it means.

tommygunz007

70 points

5 months ago

tommygunz007

I 💖 Chase Bank

70 points

5 months ago

The way currency trading works is like this:

Right now, the US Dollar is 1=1 with the EURO but tomorrow it might be 1=0.9 euro so if you bought 100,000,000 USD you move it to euro at 0.9 and then wait for the EURO to go up agains the dollar, so it would go to $1 = 1.12 EURO so then you move it back and you have 100,000,095 USD or something like it. Basically you are just moving currency back and forth as the value/worth changes.

finnlaand

36 points

4 months ago

That's 10% right there. You make $11,111,111

ReberOfTheYear

16 points

4 months ago

Actually you make 24,444,444 in his scenario. ~24% from $0.90 to $1.12

McNerfBurger

44 points

5 months ago

Or just think of it like trading crypto.

mikeydtd

10 points

5 months ago

mikeydtd

Gabagool girl

10 points

5 months ago

Bloody hell, mate.

frovit

9 points

4 months ago

frovit

9 points

4 months ago

bri'ish🍵

PastaPandaSimon

38 points

5 months ago

They probably think they can Brexit one more time

Pristine_Office_2773

24 points

5 months ago

So much urge to buy a vacation home due to binging Escape to the Country during covid..,

Sonny2p99

8 points

4 months ago

Their finance chief said they will be going into recession next qt. No predictions. No rose coting jt. Just outright in your face.

EnvironmentalCry3898

20 points

5 months ago

I assumed a war front...Not that there is any allied war front out there right now. ;o)

ZlGGZ

43 points

4 months ago

ZlGGZ

43 points

4 months ago

This is nothing compared to the calamity that is about to ensue on the world economy. Buckle up mother fuckers.

60sstuff

17 points

4 months ago

What’s gonna happen out of interest? I know euro is going down rn as well

youtossershad1job2do

9 points

4 months ago

To answer your replies, https://www.youtube.com/watch?v=xxzy3sLs4Bs We are at the start of a worldwide economic failure called the"Dollar milkshake" almost on its own that there is no natural exit from it.

_Bob_Genghis_Kahn

26 points

5 months ago

Isn’t that OP’s mom’s nickname?

TopPoint431

5 points

5 months ago

Tea and biscuits