Is george soros about to short the british pound again_

Editor’s Note: George Soros is one of the most storied currency speculators in history. Currency in britain But Money Map Press Chief Investment Strategist Keith Fitz-Gerald was fully eight months ahead of him (and other hedge-fund heavyweights) in identifying this latest currency profit opportunity: the yen.

According to the Wall Street Journal, betting against the Japanese currency “has emerged as the hottest trade on Wall Street over the past three months.” That’s when Soros shorted the yen – in November 2012.

But it was February of 2012 when Keith told my Private Briefing subscribers that the yen was headed for big fall – and he even recommended an ETF that would let them profit from his prediction.

The upshot: Keith’s recommendation has so far reaped a 44% windfall – which is more than double the 20% yen decline the hedge-fund Johnny-come-latelies have been able to profit on. Currency in great britain and europe And there’s more to come.

No question Soros is an investing legend.


Currency gbp graph But this time around, Keith was ahead of Wall Street’s biggest players. Decimal currency in britain And thanks to him, so were you.

If you would like to join the thousands of investors Private Briefing has already helped to make big money in the markets, you can do it for just 26 cents a day. Great britain pound currency I’m proud to say that in a little over a year, we’ve had more than four dozen winners, including four that have doubled and two that have tripled in price. Currency in england converter Click here to learn more. Currency of britain Why It’s Time to Short the British Pound

“Attempting to bring inflation back to the target sooner by removing the current policy stimulus more quickly than currently anticipated by financial markets would risk derailing the recovery and undershooting the inflation target in the medium term,” the MPC said in the report.

“[Hedge funds] are now looking very closely at what they can do with sterling,” Rob Kaplan, chief investment officer of Permal, one of the world’s largest investors in hedge funds, told the Financial Times. Great britain currency denominations “With Carney coming in, there are interesting opportunities [either] shorting sterling or going long volatility on sterling.”

The best way to short the pound is through options, which can be done in the FOREX market, a global market that deals only with currencies and currency contracts.

“I’d lean towards further weakness in sterling and appetite for inflation-linked bonds,” a senior government bond trader at a U.S. What currency does england use bank told the Financial Times. Great britain currency code “The clearest trade for me is for a steepening of yields.”

While the British pound could be one of the worst performing currencies of the year, what are the best? Check out our report: The Best Currencies to Invest in for 2013