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> FTSE down, £/$ down a long way, FTSE is up, not down. It's pretty much at its highest point yet in 2016. Tourism is booming and the economy will benefit gre
by lazyjones 10y ago
> FTSE down, £/$ down a long way,
FTSE is up, not down. It's pretty much at its highest point yet in 2016.
Tourism is booming and the economy will benefit greatly from the GBP drop.
- emp_zealoth 10y agoUK is running a massive trade deficit. I'm pretty sure falling GBP does not excerbate the problem in any way, shape or form /s
- pjc50 10y agoThe current account deficit used to be the stuff of news bulletins. It's barely mentioned these days as everyone assumes we can continue to pay for imports with foreign capital investment. This used to be a benefit of our "stability premium", as it is for Switzerland; we'll have to see if this continues.
- lazyjones 10y agoTrade deficit and falling pound means: importing goods becomes more expensive, exporting and producing for the local market becomes easier.