GBP v USD after Brexit
Wondering on what will happen to the pound after Brexit happens, will it likely appreciate or depreciate against the dollar? Trying to figure out when to send money home
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Conventional wisdom would be that the pound would crater to below one USD/EUR. The UK is super sensitive about the value of the pound, however, so I wouldn't put any sort of shenanigans off the table. They have even been more sensitive than the Germans were with the value of the DM, and that's saying something.
You think it would stay down for long? I assume it'll drop when it happens, but after a year or so, wouldn't it be back to where it is now?
Why would it be? A 'hard' brexit is a fundamental change to the trading terms between nations. The most likely effect is a permanent change. Let's face it, the Conservative "A team" threw the referendum to their radical wing never expecting it to pass. It did, and brought down both the conservative party and UKIP. They were just lucky that Corbyn was so inept that he couldn't push them out, and then the B team failed. Now we're watching the buffoons on the C team try to sort everything out, and making an ass of it.
This is the best executive summary about Brexit on the internet.
Thank you for explaining
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