Jefferies: Falling Pound Is Nothing But Bad News For UKRupert Hargreaves
Falling Pound Is Nothing But Bad News For UK
It is an very interesting time to be a British investor. Since the country voted to leave the European Union at the end of June, the entire country has been covered by a cloud of uncertainty and while the data shows that that the country’s economic stability has not faltered over the past six months, there is a growing belief that the music is about to stop.
Yesterday’s speech by the UK Prime Minister Theresa May has, to some extent, lifted the cloud of uncertainty, although it has also confirmed that the country is now heading for a so-called ‘hard Brexit’ — ultimately the worst choice for international businesses.