Quote:
Originally Posted by Damien
It's stabilised but it's the worst drop in the FTSE 250 ever and the biggest drop in any single currency ever. This isn't going to be good for people.
---------- Post added at 09:35 ---------- Previous post was at 09:33 ----------
The politicians who promised it are still there. Let's see the 5% drop in fuel bills (which isnt going amount to anything for any energy we buy outside of sterling) and the extra money for the NHS. Dan Hannan is already making it clear that people expecting immigration to drop will be disappointed.
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Some say the FTSE is well overvalued and was due a correction, programmed trading also plays a large part at such times and adds to volatility This is it and anyone who thinks it won't be up/down for the foreseeable future is likely to be disappointed. Sterling being lower makes our exports cheaper - an artificially low currency is what's been keeping Germany doing well for years. There are pros and cons to all of this.