Reply to post: Re: Real inanity

Virtual inanity: Solution to Irish border requires data and tech not yet available, MPs told

Roj Blake Silver badge

Re: Real inanity

That's exactly how shorting Sterling works:

1) Borrow £1M

2) Convert the sum into US Dollars

3) Wait for the value of the Pound to collapse

4) Convert those Dollars back into a substantially higher amount of Pounds than you started with

5) Pay back the loan

6) Pocket the profit

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

SUBSCRIBE TO OUR WEEKLY TECH NEWSLETTER

Biting the hand that feeds IT © 1998–2019