The Mudcat Café TM
Thread #162855   Message #3886158
Posted By: Nigel Parsons
01-Nov-17 - 07:51 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
From: Raggytash - PM
Date: 01 Nov 17 - 07:23 AM
Still good eh
(what planet does this man live on?)
The pound is currently trading SEVENTEEN cents lower than it was before the Referendum vote.
So if you consider half a cent rise to be "good", what do you make of a seventeen cent fall.
Is that "good" too?

The pound is 17 cents below the price it was listed at the day before the referendum. Single day rates tell us little. It would be equally true to say that the pound had recovered by 10 cents since 31st August. But that day was a relatively low rate, just as the day before the referendum was (for 2016) a relatively high rate.

General trends will give you a better overview, as will looking at how the markets respond to those trends.