You have to be a bit of a muppet to believe Brexit is not a significant contributor to the collapse of the Pound since 2016. Here's some background on this:
https://www.economicsobservatory.com...ue-of-sterling
Quote:
Since the Brexit vote in 2016, the exchange rate of the pound against other leading currencies has fallen significantly. This seems to reflect a generally negative outlook among international investors for the UK’s economic prospects outside the European Union.
At the start of 2021, the pound was approximately 15% weaker relative to the euro than it was on the eve of the referendum on the UK’s membership of the European Union (EU) in June 2016. Sterling was also 20% weaker than it was when the EU Referendum Act received Royal Assent in December 2015.
Over the last five years, Brexit has been one of the key factors influencing exchange rate volatility and the value of the pound against other leading currencies. The effect of Brexit was particularly evident immediately after the referendum result, as sterling experienced its largest fall within a single day in 30 years. There were two further substantial and sustained falls in 2017 and 2019, bringing the value of sterling to new lows against the euro and the dollar in August 2019 – see Figure 1.
This largely happened because expectations of increased trade frictions between the UK and its largest trade partner, as well as increased uncertainty and persistent political instability, led financial institutions to sell the pound. As more and more organisations sold sterling-denominated assets, the value of the pound was driven down relative to other currencies.
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