Normally, raising the base rate will have a corresponding upwards effect on a currency's exchange rate because it makes investment more attractive. As UK inflation is already relatively low, there is also no mitigating effect on the exchange rate. If the ER is already overvalued, then a rate rise isn't going to help at all.
Morning...no figure as such.... a simple question from you .. but no simple answer .. but would like to see 345... if it gets there, it remains to be seen.. we will see.
Just wait for the unexpected bad news...or whatever to bring the price down...
My gut feeling is as the bank gets more profitable the range it has been in, may rise up a bit the bottom has been around 320 .. maybe 335 now.... but who really knows..... RBS can drop for many unknown reasons... as we all know.
Do not rush to get back in..I am happy to wait a month or longer...and a lot of changes can happen in a month... Russia and other world issues can affect the markets quickly... even a correction maybe coming..
Just wait and see... time is on your side ..there is no pressure when you are out and you have control when to get back in....and wait for that moment..
Patience is the KEY.. ... and Uncertainty is the only Certainty... which is always good to remember.. and bad news I have found can be your buying back in friend...
Do not act on my figures as it is pure guess work... like me you learn from others and make your own mistakes.. I think you bought in too early on your last buy in.. but it came good in the end...it is all about timing...
I am pretty sure we won't see any more substantial gains (in the short term) as the news is already factored in. As said before results day usually means the SP drops with RBS, perhaps with the exception of the last result if I remember correctly.
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