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With Brexit the pound also dropped significantly. Even if the markets truck along they've been devalued. The pound dropping has a number of effects (good or ba
by jwilliams 10y ago
With Brexit the pound also dropped significantly. Even if the markets truck along they've been devalued.
The pound dropping has a number of effects (good or bad, it depends on your perspective). It pushed up the market in some areas where the were bargains to be had. It hammered others. It also changed the trade balance of payments
Great in the short term if you're an exporter. Terrible if you're buying a supercomputer, or planning a trip. These sorts of things have a much longer term impact.