The drop in sterling isn't a guess, it's actually happened

The effect on trade and hence the balance of payments is a guess, though. The article only focuses on a drop in sterling meaning that we're all now "poorer"; it doesn't really explore the implications of the flipside of that, which is that our goods and services are now 15% cheaper to the rest of the world than they were

Posted By: Old Git, Oct 7, 13:36:39