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Old 28-10-2016, 11:28   #2266
1andrew1
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Re: Post-Brexit Thread

Quote:
Originally Posted by Chris View Post
It's also a massive boost to anyone who exports, or manufactures for uk consumption against competition from cheap imports.

Currency devaluation is never a one-sided equation, especially not when the value of the currency has been too high for too long.
The key thing of concern about weak Sterling is that we import a lot of things - 50% of our food is imported and lots of our energy. So, there will be winners in areas like tourism but the fuel and food costs will squeeze many too. Of course, if investors feel that they will start to invest in the UK again in the wake of Nissan's decision then Sterling may rise and those price rises won't happen.
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