Is it possible to make money on weak sterling rates?

bravo

Registered User
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Ok, so I'm wondering how to make some money on the back of weak sterling. I know its risky waiting on the rate to increase in the next year or so, but would I gain if I bought a sterling bank draft made out to myself and then cashed in in the right climate? What fees would I incur in bank charges and which would be the cheapest way to go? or is there another way? Thanks and hopefully this stimulates a good discussion.
 
Yes - it possible to make money on currency rate movements - it's called currency speculation.

It is equally possible to lose money on same.

If you're looking for a sure-fire win-win strategy .. keep looking