Shouldn’t that make Brittish products cheaper on the world market?
Not really. If Britain has to import raw materials, they will have to pay more for them and then turn around and charge more for the finished product.
Yes. It will help their exports and tourism, to name a few. Other countries are trying to devalue their currency and Britain did it in one night!
Trump pointed out the benefit of the devalued currency and I saw Hillary tweet mocking him about it. She’s the moron, but people following her that don’t understand monetary policy will agree with her.