The Mudcat Café TM
Thread #162855   Message #3884954
Posted By: Nigel Parsons
27-Oct-17 - 03:46 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
From: Raggytash - PM
Date: 26 Oct 17 - 03:02 PM
Interesting perception. A rise of less than 1/2 of one percent equates to "soaring"
A consistent drop in excess of 14% equates to recent currency fluctuations.


Once again this (often disproved) claim that there has been a 'consistent' drop in excess of 14% in the value of the pound (as seen against the Euro).
How many times do I have to point out that the pound has occasionally been trading at 14% below its pre-referendum rate, but for less than 3 of the last 16 months. This is not 'consistent'.
I would not argue if you claimed that the pound has consistently traded at a level below that seen immediately prior to the referendum (since that date) but you repeatedly use that misinformed claim to back up your arguments.
At close of business yesterday the rate was 1.12282, almost exactly 14% below the peak rate of 1.30562 seen immediately prior to the referendum.
Again, here are the actual details (for 2 years) Pound/Euro (2 year)