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The Brit pound devalued by about 20% V the USA dollar. The buoyant export market is propping up the brit pound as it's cheap to export but staples like food imp
by sys_64738 8y ago
The Brit pound devalued by about 20% V the USA dollar. The buoyant export market is propping up the brit pound as it's cheap to export but staples like food imports have risen in price. A recent report indicated that the UK economy would have grown something like 8% more had there been no brexit.
Brexit is a disaster.
- ptaipale 8y agoIt devalued instantly after the unexpected voting result, but has since then recovered. Compared to historical shifts over past decades, the impact of Brexit is not very visible on a chart. The falls from 1970 to 1975, or 1980 to 1985, or in 2008, are clearly more dramatic. https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-USD https://www.poundsterlinglive.com/bank-of-england-spot/histo... "Recent reports" are many and contradictory, as usual.
- sys_64738 8y agoRecovered? Nonsense. The historical trend for the pound is to be worth $1.5 whereas it’s trundled along around $1.2 since. Stop making up excuses for the disaster that is brexit. No sane nation would leave the EU.