Quote:
Originally Posted by Damien
We'll see what happens to the economy but up until September anyway we were in a holding pattern. At the moment we're still in the EU, we can still trade easily across Europe. Pretending Brexit has already happened and it's now fine is delusional. We'll see the real impact once we know what is actually going to happen to various industries.
As for what people think now then let's wait and see what people think when the drop in sterling filters though to prices. Inflation is already rising. Sterling is down 20% now. That's a massive hit to anyone who imports as part of their business and for consumer goods.
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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.