Wednesday April 8, 2020

Don’t bet the farm on a crash for sterling in the wake of Brexit

Despite all the sound and fury in Westminster, Britain’s economy is sound and an undervalued currency will bounce back if parliament finally agrees a withdrawal deal

17th March, 2019
2

There is no denying the fact that the optics surrounding Britain’s withdrawal from the EU have been awful. At this point in time, it looks as though Britain will request an extension of the Article 50 negotiation period for a further three months. This is its version of extend and pretend: extending the negotiation period so prime minister Theresa May can pretend the country is leaving the EU.

Yet for all the poor optics,...

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