💡 Today's Information
In 1967, Britain made a move that shook the world without people noticing…❓
🏦 The Bank of England decided to devalue the pound sterling from $2.80 to $2.40
🔻 This means the pound dropped more than 14% in just one day approximately 😮
‼️ The reason?
The country was drowning in debts, and it had a huge budget deficit, so they had to sacrifice the value of the currency to save the economy.
🎯 What happened afterwards was a big lesson for the whole world:
There is no currency that is “guaranteed” forever, even if it is strong like the pound or the dollar.
🚨 Any country when its economy weakens or its debts rise… its currency pays the price in the end.
💭 The message here:
As a trader or investor, don’t put your trust in the currency itself, put it in your risk management.
💸 The market #بيكافئ thinks correctly, not the one that relies on “safe haven”
