Quote:
Originally Posted by Osem
You were saying that the UK will be worse off as a result of Brexit and the resulting fall in the value of Sterling:
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Yes, worse off than it was before, not benchmarking it to the EU.
Quote:
Originally Posted by Osem
.. but I think we can agree we're in uncharted territory and that's why Sterling is suffering - uncertainty.
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Agreed we're in uncharted territory. Trying to agree with you but it's not just uncertainty that has knocked the pound down - the markets have judged that the UK will be weaker outside the EU and have priced in a reduction to the £ accordingly.
---------- Post added at 18:02 ---------- Previous post was at 18:01 ----------
Quote:
Originally Posted by martyh
in 5 yrs time we could very easily be back to number 4 when the eurozone collapses which is being predicted by just about every financial institution on the planet
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Any links?