The good and bad of the ££ weakening as we weathered through Brexit

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The good and bad of the ££ weakening as we weathered through Brexit

Winner:

1. Foreign student and investor. Hedge your low ££ now. As I said, quality of UK Education and its strength financial sector wouldn’t erode significantly

2. Tourism. Visit and enjoy UK at a 10% cheaper given the weaker currency.

Loser:

1. Retailer. Cost of import rose with weaker currency

2. Pensioner. Especially if pensioner are residing overseas due to weaker currency.

Conclusion: The risk have been priced into the currency and currency matters. I feel PM Boris is wise to push through the Brexit by October for economic planning as it requires rebuilding certainty for the strengthening of £. Market like certainty.