At a certain point I suppose one just has to resign oneself to reality, even if that reality is preposterous or otherwise objectionable.
Such is the plight of the UK and all of the voters who very clearly didn't have any idea what they were choosing to "exit" when they elected to leave the EU last summer...
Over the last two months I've documented the trials and tribulations of the pound on any number of occasions. For those who missed it, here are a few of the relevant posts:
Thanks Populism: Brexit May Make British Pound “Irrelevant”
Anatomy Of A Flash Crashing Black Swan
A “Clean And Hard” Pounding: Complete Recap Of Pound’s Rough Day
Pound Plunges On Brexit Fears
Sterling Spikes As May Delivers Brexit Speech
Now days, the best way forward for the currency that Deutsche Bank suggested may soon become "irrelevant" may be for lawmakers to simply roll over and choose the path of least resistance. Even if the long-term outlook for the British economy after Brexit is indeterminate (at best), any additional bickering may simply create further FX turmoil.
I thought, given that the market's focus has shifted squarely to the euro over the past couple of weeks amid
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!