If Britain leaves the EU, sterling is a screaming buy

The overwhelming consensus is that sterling will crash if Britain votes to leave the EU. That can only mean one thing, says Dominic Frisby: buy sterling.

Sterling will crash if we vote to leave the European Union. Everyone's agreed. I've never seen such consensus about a market. Ever. Consensus is a dangerous thing. It usually means it's time to take the other side of the bet. When you have consensus like this among people who have never traded forex in their lives, that bet become all the more compelling. So, if Britain votes to leave the EU, should we be buying sterling? Damn right we should!

Three reasons to be bullish on the pound

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby