It may be worth distinguishing tech vs. financial tech. Tech will benefit from lower exchange rate. Also tech is quite fungible and crosses boundaries easily.

It may be worth distinguishing tech vs. financial tech. Tech will benefit from lower exchange rate. Also tech is quite fungible and crosses boundaries easily. Financial tech is different. 1) Banking is a huge part of London economy and London is a big part of the UK 2) Financial Tech is very dependent on banking 3) Banking in London in the past has huge structural advantages as a bride/conduit with English language, proximity to US markets and no barrier to the rest of Europe) which it is going to loose. London's European organizations will either split or wholly shift to other locations (Paris, Frankfurt and Dublin). As financial tech dominates particularly in the UK there will be a negative impact. To what extent it is cushioned by lower immigration remains to be seen. Certainly not in the short term.