The British pound collapsed on Friday after the new UK Government announced major tax cuts in an emergency Budget.
The markets started to panic on Monday with high trading volatility and by Tuesday mortgage companies were halting new mortgages and UK treasuries saw the biggest yield hike in history.
So what's causing the drop and what does it mean for investors?
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DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.
The markets started to panic on Monday with high trading volatility and by Tuesday mortgage companies were halting new mortgages and UK treasuries saw the biggest yield hike in history.
So what's causing the drop and what does it mean for investors?
☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS & MORE
https://www.patreon.com/sashayanshin
GET 40% OFF THE UNLIMITED PLAN AT SIMPLY WALL STREET
https://simplywall.st/plans?via=sasha
(Or just sign up for the free account to check it out)
💵 GREAT INVESTING APPS I USE
GET A $10 BONUS WITH LIGHTYEAR (UK & Europe)
https://lightyear.app.link/SashaYanshin
You need to use promo code "Sasha" and the bonus is awarded after your first trade.
INTERACTIVE BROKERS (Global - Main investing app I use)
https://bit.ly/interactive-brokers-sasha
SIGN UP FOR ETORO (Global Investing Platform)
https://med.etoro.com/B15358_A95689_TClick_SSasha.aspx
DISCLAIMER: Your capital is at risk.
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: (For Lightyear affiliate link) The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: golightyear.com/terms. Seek qualified advice if necessary. Capital at risk.
DISCLAIMER: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.
Dca into world index still the best thing to do in the long run, pound could recover 20% and markets go down another 20% would leave you 40% down though in the short term but the opposite could occur short term too, long term markets will go up with inflation and cash will fall behind.
Trading is risky unless you are close to lizz lol.
I intend to keep a larger than normal amount of emergency cash thoigh, 1 or even 2 years worth rather than the recommended 6 months.
Can't believe how incompetent previous and current British PM is🤨😬😏
The sarcasm.
Conservative have no chance in next election
Why are people like this.
So the IFS thinks the £2500 energy cap costs 100bil next year = £1500 per person, so in a free market, what would the actual price be for a family of four? £8500?!
Where do they get these numbers from ??🤔
<All cryptos communities should be uniting to combat the gov. They are much more dangerous than eth maxis, btc maxia, xrp maxis etc That being said, Trading went smooth for me as I was able to raise over 18BTC when I started at 7 BTC in just few weeks implementing trades with signals and insights from Michael Charles, I would advise y'all to trade your asset rather than hold for a future you aren't sure about.
A brutal but honest assessment as usual, great job!
The US have Tesla which will decimate legacy auto in coming years. The UK have wind expertise. Export that. Be the Tesla of wind (plan for 50% CAGR and don’t let any obstacle get in the way).
Feels like Brexit was a sliding door moment. I feel for you over in the UK. Election so far away.
Way too late Sasha to tell everyone this.
I’m glad I swapped out my pounds to dollars in the summer and cashed out.
If things weren't so bleak I might have actually been able to laugh at some of your jokes. Great video, good info, grim times.
“Get in your car drive to Mayfair and pop a tenner through the letter box of a house in Grosvenor Square” absolutely killed me😂😂
One thing I'd say about the pound now is it kind of looks like it has a floor but no ceiling.
The Bank of England will probably heavily raise rates if it falls below the dollar to retain credibility, so it's not going much below that level; but it's possible it could recover to higher levels, especially if there's a government u-turn.
Name change soon to OUNCE
Is Bitcoin a good idea to buy right now?
think of all the coins they have to mint, and bills they have to print now that the queen has died. that is bound to be inflationary….
Thank Bojo for stopping the peace negotiations in April
We are living in brexit Britain, the only country in the world to place economic sanctions on themselves. The people in government are stupid, the people who think they have a clue are also stupid.
Brilliantly explained as always Sasha 🙂
We have amateurs in office. And, now they get a pension, too, that we get to pay for. Then, after Daggers has moved out, we get another sponger in No. 10.
I’m glad you shared your 2 pence – or is that now worth 1 pence 😮 I cannot believe these tools in government. Bonkers is an understatement
When political ideology meets reality.
Thought I'd share my 2 pence.