• Is this all part of JRM’s plan to weaken the pound and make a killing?

  • Whilst I have no time for JRM, this line of argument is a load of nonsense. Working in the finance industry, I can assure you that if it were that easy, we'd all be millionaires (spoiler - I'm not!). How exactly do you think he'd 'make a killing'? There are thousands of traders, analysts and algo traders all out there to ensure that any potential gains are hoovered up pretty quickly. I can also assure you that there are very, very few people working in the finance industry who see any potential gains from any Brexit scenario.

  • Whilst I have no time for JRM, this line of argument is a load of nonsense. Working in the finance industry, I can assure you that if it were that easy, we'd all be millionaires (spoiler - I'm not!). How exactly do you think he'd 'make a killing'? There are thousands of traders, analysts and algo traders all out there to ensure that any potential gains are hoovered up pretty quickly. I can also assure you that there are very, very few people working in the finance industry who see any potential gains from any Brexit scenario.

    Odey and his famous "short the UK" position?

  • Tongue firmly lodged in check for that comment, dude. But many a true word spoken in jest...
    ;)

  • Most people in the industry are unable to affect the outcome of movements in the markets, particularly on the macro scale (And regulation / legislation prevents them on the micro scale). And most make their money on volume, flow and spread, even arbitrage, rather than speculation.

    But hedge funds of sufficient size do make the markets work for them, and will only often take positions where they are going to win on both upside and downside.

    Mogg is in a position where he may very well have a material influence on outcomes, and certainly in a position with access to privileged information. And he doesn't appear fettered by integrity or good faith.

  • Presumably any of this lot could just make secret deal with the Chinese government or some non-EU business or India or whatever for £ to keep pushing Brexit? There doesn't need to be trading to make money.

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