From: Raggytash
Date: 24 Jan 18 - 11:26 AM
The only voice I have heard suggesting the pound was over valued prior to Brexit has been yours Iains.
For some considerable time before the Brexit vote the pound was trading in excess of 1.30 Euro, it had reached a high eighteen months before that in excess of 1.40 Euro.
Currencies do not trade overvalued for prolonged periods. Can you find a source I can trust which maintains the pound was overvalued because frankly I don't trust your opinion.

Perhaps you would consider the IMF and Governor of the bank of England as credible sources?

From Here, dated 17 Oct 2016
In February, the International Monetary Fund said the sterling was overvalued by somewhere between 5% and 15% in 2015. Just before the referendum, the IMF put the over-valuation slightly higher, saying that sterling was overvalued by between 5% and 20% in 2015. Other experts, like the former governor of the Bank of England and the IMF, have agreed that sterling was overvalued.
On 14 October, the effective exchange rate was 18% below the average for 2015. That's the value of sterling compared to a range of other currencies used by the UK's most important trading partners. If nothing had changed since the IMF's recommendations were made, it could mean sterling was now undervalued.