Here are some real experts discussing why the devaluation is a good thing for the UK and a bad thing for Europe. Oh and that a fair exchange rate is probably $1.10 but an overshoot to parity may be possible and no bad thing. Hard to disagree.
http://www.telegraph.co.uk/business/...align-grip-of/
Originally Posted by Ominous Gamer
Yeah yeah, we're gonna hoover up things you don't produce at much lower prices. Also we'll be vacationing in the UK like there is no tomorrow, as it will be our closest destination for a cheap weekend away from home. I hope you'll enjoy all the Czech stag parties. The lower pound is good for you like the lower turkish pound is good for Turks; in the end they are just providing the same to foreigners at a much lower price without getting much richer themselves. I also guess the people who assemble iPhones in China are shaking in their boots now that you have become so much cheaper.
In the real world meanwhile, the pound edges up as the UK government re-tweaks its chaotic brexit plan to mean that maybe the UK won't actually break away all that much from the EU.
Congratulations America
"real experts"? Are the other experts "fake experts"?
"One day, we shall die. All the other days, we shall live."
Randblade lives in a parallel universe created by the Daily Mail and the like (he claims not to read it, yet gobbles down its recieved truths). In that universe Brexit is just brilliant, and nothing bad will ever come from it for Britain."real experts"? Are the other experts "fake experts"?
That whole thing about it all being a tad chaotic and outright damaging; that's just talk for defaitists in the UK and Brit-hating Europeans who are jealous jealous jealous of not being allowed upon England's pleasant pastures any longer. Don't believe it, a collapse in Sterling is good, fucking up production lines never hurt the economy and the euro is going to collapse any day now.
Congratulations America
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