Archives September 2023

Short the Pound – How to Trade Against the Pound

short the pound

Forex trading involves predicting how the value of currencies like the Pound will move – but it also requires having robust strategies in place to limit your losses should the market move against your predictions. That’s why it pays to stay in touch with key economic indicators, political events and the overall market sentiment.

Traders betting against the short pound have made impressive returns since the Brexit referendum in 2016 and with the pound falling to 34-year lows against the dollar, the currency is attracting short bets from traders. But, as this article from Telegraph Money explains, this is a high-risk strategy that can easily lead to substantial losses.

Trading on the Go: Top Forex Trading Apps for UK Users

One of the easiest ways to trade against the pound is through spread betting or CFDs with brokers such as Trading 212. Simply open a new account and select CFDs as your trading instrument, then choose GBP/USD from the Products tab in our Next Generation platform. Once you’ve opened the chart, click sell to open a short position or buy to enter a long position.

You can also use the pound to hedge against AUD/USD or NZD/USD trades as it tends to be positively correlated with them. However, keep in mind that correlations are based on historical price data and may not necessarily persist in the future. That’s why it’s important to monitor the pound closely and be ready to close your position as soon as the correlation turns against you.

Last Minute Hotel Near Me

Last minute hotel near me

If you are traveling in the spirit of spontaneity or you just want to be able to wing it when it comes to your travel accommodations, booking Last minute hotel near me is a great option. In fact, last-minute deals can save you a ton of money. However, you need to be prepared for the possibility that the exact hotel you were hoping for may not be available.

Luckily, the Internet has made this problem far easier to deal with. There are a slew of websites and apps that specialize in finding you last-minute hotel deals. All you need to do is plug in your general preferences, and they will find you a hotel that matches.

The Ultimate Guide to Finding Last-Minute Hotels Near You

In addition, many of these sites and apps have partnerships with hotels, which means that hotels are more willing to offer discounted rates at these last-minute booking services. In a recent study, NerdWallet looked at rates for more than 2,500 hotels and found that on average, it was cheaper to book rooms 15 days out versus four months out. While that may not seem like a big savings, it adds up over the course of a year or more. The average savings was 13%.