Shares & Derivatives
British Pound-sliding against the Singapore Dollar
By I  •  June 30, 2011
wow. look at that. beautiful downtrend starting from Jan 2008, continuing till now, more than 3 1/2 years already.

As some of you might know, I am going to the UK to further studies. I've been doing the carnal sin of traders: Averaging down on the GBP. (at 2.06, 2.01 and 1.98)

Interesting conundrum I have here: Every time the pound drops, I theoretically lose money but am happier, because the cost of my education is dropping.

A friend of mine has said he'll visit the UK when the pound exchange rate reaches 1.8. I hope it goes there too :)...
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By I
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