Geopolitical impact of Brexit

[Hazir]

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/

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.