The pound set to devalue

[BlasterBates]

Pound set to decline

The trajectory is now for a no deal hard Brexit, so watch the pound sink.

[NotAllThere]

Yeah but all those shares valued in dollars will soar, leading to a even higher FTSE 100 levels.

[DimPrawn]

Pound set to decline

The trajectory is now for a no deal hard Brexit, so watch the pound sink.

Exports will boom, unemployment is at record lows and wages are rising fast.

Exactly what the UK needs. It also makes our private and public debt smaller in USD terms, and attracts foreign investment.

[Paddy]

Exports will boom, unemployment is at record lows and wages are rising fast.

Exactly what the UK needs. It also makes our private and public debt smaller in USD terms, and attracts foreign investment.

Most of UK exports rely on imports of components and raw materials. A fall in the pound does not cause an export boom.

[DimPrawn]

Most of UK exports rely on imports of components and raw materials. A fall in the pound does not cause an export boom.

Majority of the cost of most exports is labour costs, cheap currency means cheap labour.

[Eirikur]

Yeah but all those shares valued in dollars will soar, leading to a even higher FTSE 100 levels.

Yeah but all commodities priced in USD means everything will be even more expensive

[AtW]

Yeah but all commodities priced in USD means everything will be even more expensive

Thus making case for chlorinated chickens stronger...

[BrilloPad]

Pound set to decline

The trajectory is now for a no deal hard Brexit, so watch the pound sink.

When house pricers crash it make the perfect UK economy.

[Paddy]

Majority of the cost of most exports is labour costs, cheap currency means cheap labour.

In car manufacturing, labour costs are typically 10-15% of the total cost. Components are around 60% of costs.
Other costs are marketing and dealer mark-ups

[Old Greg]

In car manufacturing, labour costs are typically 10-15% of the total cost. Components are around 60% of costs.
Other costs are marketing and dealer mark-ups

Marketing and dealer mark-ups are not costs of manufacturing.