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GBP safe haven currency for 2012.


Wedle 16 | 496
28 Dec 2011  #1
I never thought I would be bullish on the GBP, although I see it being the safe haven currency in Europe for the first half of 2012, here are my reasons why,

1. The banking/Euro problem in the EU is yet to be resolved.
2. I see a European bank going under in the first half of 2012, my guess would be a French one.
3, The CHF is still over valued
4. GBP offers good value and is outside of the Euro.
5. If the Euro goes, PLN will be a bloodbath.

Any thoughts?
bullfrog 6 | 603
28 Dec 2011  #2
2. I see a European bank going under in the first half of 2012, my guess would be a French one

So far most banks that went bankrupt or were acquired by their government have been from the US, the UK and .. Iceland!

en.wikipedia.org/wiki/List_of_acquired_or_bankrupt_banks_in_the_late_2000s_financial_crisis
irishguy11 6 | 157
28 Dec 2011  #3
The problem with the GBP, is that it is connected to the EURO. The GBP relies on Europe to buy most of its goods, its banks are up to their neck in lending to Europe. You need to pick a ccy that is not connected with Europe. My bet would be the AUD,NZD or even CAD.
rt3d 10 | 46
28 Dec 2011  #4
Wedle where did you get your sources from about an European bank going under in the first half of 2012,
i also concludes this may include one UK bank also
OP Wedle 16 | 496
28 Dec 2011  #5
Plenty of chatter on financial sites at the mo.


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