GBP - How low will it go?

[highlandspring]

GBP

I think the pound will drop lower, but in my 25 year working life its been here a couple of times, and each time its gotten this low things have bounced back.

A competitive exchange like the one we have now boosts exports and reduces imports and that will give a push to the economy usually enough to start the exchange rate recovering back upwards.

[Old Greg]

I think the pound will drop lower, but in my 25 year working life its been here a couple of times, and each time its gotten this low things have bounced back.

A competitive exchange like the one we have now boosts exports and reduces imports and that will give a push to the economy usually enough to start the exchange rate recovering back upwards.

Boosterism. That's the spirit!

[AtW]

I think the pound will drop lower, but in my 25 year working life its been here a couple of times, and each time its gotten this low things have bounced back.

A competitive exchange like the one we have now boosts exports and reduces imports and that will give a push to the economy usually enough to start the exchange rate recovering back upwards.

It’s going to bounce back - that’s inevitable, but what level?

[WTFH]

Trump says Boeing is suffering because of the strong dollar. So, nothing to do with its 737 Max aircraft and the number of dead.

[Paddy]

It’s going to bounce back - that’s inevitable, but what level?

[DimPrawn]

The decline in sterling is a mark of the decline of the UK's economic outlook. But so what? Fook business.

Brexit isn't about business. Fook all business and the horse it rode in on!

HTH BIDI

[scooterscot]

It’s going to bounce back - that’s inevitable, but what level?

Basement level. What you find there might come as a surprise...

[meridian]

Brexit isn't about business. Fook all business and the horse it rode in on!

HTH BIDI

What’s it about then to, say, the average punter in Swindon?

[CryingSheep]

Brexit isn't about business. Fook all business and the horse it rode in on!

HTH BIDI

The problem is that a t some level it is, and Brexiteers don't even see that...

[JohntheBike]

No, I do not believe everything good in the UK is because of the EU.
Unlike you, I do not believe that everything bad in the UK must be somehow attributed to the EU, or a conspiracy linked to it.

OK, so, given the graphs, what would you attribute the huge increase in the balance of payments deficit, which has occurred only since we joined the EU?