May's speech

[GB9]

It's only good IF your exports bigger than imports, otherwise you just end up with BIGGER shortfall between importing and exporting, for Germany, China it is indeed more preferable to have weaker currency, however for NET IMPORTERS like UK, USA it's better to have strong currency.

And with that you confirm your complete ignorance of anything to do with economics.

[AtW]

And with that you confirm your complete ignorance of anything to do with economics.

And what's your economic credentials, are you this years Nobel Prize winner or are you CUK Cretin of the year?

[bobspud]

What talks? They don't have to say a word until March 2019 when the UK leaves.

Is that before or after the French vote in a far right party?

[Mordac]

And with that you confirm your complete ignorance of anything to do with economics.

As a general rule, net importers prefer a strong currency, net exporters prefer a weak currency (paraphrasing for dramatic effect, obviously). That's why sterling losing around 20% of its value over the last 6 months has had a knock on effect on imported goods, e.g. most of our food, and quite a lot of almost everything else.
I think you have to make some allowance for the fact that Alexei learnt most of his Economics at Leon Trotsky High, Petrograd. (Again, invented for dramatic effect.)

[darmstadt]

[squarepeg]

As far as promotions of one's own photo sessions in Vogue go this was a rather elaborate one.

[GB9]

As a general rule, net importers prefer a strong currency, net exporters prefer a weak currency (paraphrasing for dramatic effect, obviously). That's why sterling losing around 20% of its value over the last 6 months has had a knock on effect on imported goods, e.g. most of our food, and quite a lot of almost everything else.
I think you have to make some allowance for the fact that Alexei learnt most of his Economics at Leon Trotsky High, Petrograd. (Again, invented for dramatic effect.)

The main reason countries want devaluation is to help in addressing the import export imbalance. With a weaker currency your exports become more attractive and balance of trade equalises. That's where we need to move to.

On the other side, everyone else's goods become more expensive so we buy less. We alsi buy more of our own. Again this moves to balance trade.

People have been saying we need to export more for years. Now we are moving that way the same people are complaining.

[d000hg]

And.... the pound has just had its best day since October 2008 .

Remainers eh?

I love how when the pound drops 1c it's no big deal to Leavers but when it goes up 1c "pound soars". And conversely Remainers qould say dropping 1c is a collapse whereas going up 1c is a slight recovery.

The facts are the pound is still hammered. It went up yesterday after falling significantly the previous day or so. We're still in the period of great volatility so day-to-day changes are largely irrelevant.

[GB9]

And what's your economic credentials, are you this years Nobel Prize winner or are you CUK Cretin of the year?

That's one award I could never beat you to.

[sal]

Correct. Our imports from the EU equate to roughly double our exports to the EU. Ergo, if they give us a crap trade deal, it will be twice as bad for them.

You are forgetting that the EU is a federation not a nation. Each of them will bear a small impact of a harsh deal. For the UK the impact will be compounded

With any kind of deal the tariffs will have to be largely absorbed by the public in the form of increased prices for imported goods, many of which don't have substitutes that can be imported from elsewhere cheaper.

And you seem to forget about service, as in financial services... Any amount of lost export to UK will be eclipsed by a potential to draw some of those juicy financial institutions from London to Frankfurt or Paris or w/e.