The Mudcat Café TM
Thread #162855 Message #3881266
Posted By: Nigel Parsons
10-Oct-17 - 05:34 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
From: Raggytash - PM
Date: 10 Oct 17 - 04:51 AM
"Brexit wont initiate a run on the pound, but the election of a socialist government certainly would"
Have you looked at the exchange rates in the last 18 months since the Referendum?
In November 2015 I exchanged a good sum at 1.41 Euro to the pound so each Euro cost me 71 pence sterling.
Today if I exchanged I would get 1.11 Euro to the pound so each Euro would cost me 90 pence sterling.
It doesn't take a rocket scientist to work out the maths.
That's just good timing (or good luck). There's a graph Here that shows the pound at similar rates for most of 2015, but then falling.
However, the rate still hasn't hit the low that it had in 2009 under a Labour government.