The Mudcat Café TM
Thread #162855   Message #3884968
Posted By: Iains
27-Oct-17 - 04:26 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
If ever there was a meaningless argument it is the present one about the exchange rate. The pound was on a correction cycle that started long before the referendum vote. There has been a valiant attempt to connect the exchange rate directly to the referendum result. It is nonsense.
Someone needs to provide a way of extracting the component of the downward slide due to the referendum result from the previously initiated correction cycle. Until that can be unambiguously constructed
further argument is futile.