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06-17-2019, 01:48 PM | #16 |
I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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I would guess that currency strength is not just tied to the economy in general, but also the banking system specifically. London has been a major banking center, and is likely to lose a lot of that.
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06-18-2019, 09:49 AM | #17 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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Quote:
Plenty other industries also will suffer. Suddenly remaining UK industries must pay for tariffs - that also create recessions and eventually unemployment. British voters also want that - according to currency traders. When was a British pound worth less? Well, the British will vote for a new Prime Minister. But only something like 130,000 of 67 million Brits will select one. What a screwed up nation. But that would not affect currency markets. |
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