pound falling

The Pound has fallen even further this morning – now to its lowest against the Dollar in two months – thanks to Theresa May’s comments yesterday on Brexit.

The above chart is just for this morning.

The Prime Minister implied to Sky News yesterday that it was likely Britain would leave the Single Market.

It is an admission the Tories have resisted making openly for months, given the adverse impact it is likely to have on British companies.

Often people talk in terms as if somehow we are leaving the EU but we still want to kind of keep bits of membership of the EU. We are leaving. We are coming out. We are not going to be a member of the EU any longer.

We will be able to have control of our borders, control of our laws.

Leaving the Single Market would make it harder for companies to recruit the best talent.

It would also make it more expensive for British companies to sell their goods and services to other EU countries.

 

 

The Pound became one of the world’s worst performing currencies last year, and is expected to drop further once Article 50 is triggered.

In other words, the markets don’t expect Brexit to help the UK economy

  1. Jacob Rees-Moggy says:

    Stop remoaning. You lost!. A falling pound will only make our pint glasses with the crown on them even more attractive to johnny foreigner so exports will increase, we’ll take back control of our glasses and England will win the world cup.
    (Liberal elite, metropolitan bubble , suck it up, Meryl Streep is very overrated , lol etc)

  2. Brittun Frist says:

    What level of dimness is needed to not realise that the post at 1.39 is taking the piss out of Ukip?

  3. Does not anyone realize that a falling pound costs the population. Exports my be cheaper in the short time but imports cost more. Up go prices and eventually exports increase in price. Its the same scenario when Harold Wilson devalued the pound.
    Short term gain long time loss.
    Wake up Britain and zip up Teresa’s mouth.

Leave a comment

Your email address will not be published.

1000

Comments are limited to 1000 characters.