Shouldn’t that make Brittish products cheaper on the world market?
What can we folks do to help out our Brit friends over this short period of instability that is making our liberal betters gloat?
We will continue to see the UK economy to plummet.
It’s a good time to be an American tourist in London. More £ for your $.
Soros playing his little currency manipulation games, like the ones he was convicted of once before.
Stay strong, Britain! The globalists will do anything to “teach you a lesson” for putting your nation above the Cheap Labor Express.
Just a temporary shake up, nothing to fall outta your chair about.
Pure BS!
The MSMs in Europe and the US will jump on any opportunity to portray the Brexit decision as a disaster for the UK. One day of volatility in financial markets means nothing and was to be expected. The decision can only be really evaluated after a few years have passed.
Let’s see: a temporary drop in economic stature, or Paris-style muslim terrorism on British soil?
No brainer.
Priorities.
Go Brexit!
Down with the Globalists!
Piss on Merkel!
The Globalists will begin the propaganda campaign in earnest now.
The FTSE lost 3% on the day- the CAC lost 8%.
Looks to me like Britain cam e out the winner on that.
A “cheap” currency is not necessarily all bad news, particularly for export-based economies. There’s a reason that there have been having competitive currency devaluations for years. Will it hurt with cost of imported goods? Yes, it will. But, it will make domestic alternatives more competitive and lead to more domestic sources arising.
Really?
Don’t these fools know that GDP and GNP are calculated annually?
The Express is a leftie rag printing ludicrous, hair-on-fire headlines. Don’t be fooled.
Talk about a non-story!
Still will be trying to catch up to California.
This is all a big pantload.
First off, most of these so called negative effects, markets etc are going to go back. This is all temporary.
France now has a larger economy? Is it producing more goods and services than last week? Hell no. Is the UK producing fewer? Nope. This is all relative currency valuation. And the real irony? Everyone has been deliberately debasing their currency in a race to the bottom. According to current dogma, a weaker pound should be wonderful. But because it is happening via Brexit, oh no, the sky is falling.
The sky is falling, the sky is falling.
The absurdity of that statement should be obvious. What they mean, is that by the current exchange rate for the pound, in comparison with the Euro/Dollar/Yen/Swiss Franc/ etc the blah blah.
Obviously the British economy didn’t lose value overnight. Pure stupidity.
“In news that will be welcomed in Paris’ financial sector, economists say Britain has dropped into sixth place in the wake of a vote for Brexit.”
That kind of logic has always puzzled me. There was a vote and somehow wealth that was in England disappeared in a matter of hours. It also indicates that it could return in a matter of hours if it merely depends on someone’s state of mind.
You would think that wealth is attached to goods and services, production capacity, consumer purchasing power, mineral stores, intellectual capital, etc.