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Old 06-10-2016, 18:02   #1836
1andrew1
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Re: Post-Brexit Thread

Quote:
Originally Posted by Osem View Post
You were saying that the UK will be worse off as a result of Brexit and the resulting fall in the value of Sterling:
Yes, worse off than it was before, not benchmarking it to the EU.

Quote:
Originally Posted by Osem View Post
.. but I think we can agree we're in uncharted territory and that's why Sterling is suffering - uncertainty.
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 View Post
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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